Trust Co. of Vermont Lowers Stake in The Travelers Companies, Inc. (NYSE:TRV)

Trust Co. of Vermont lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,490 shares of the insurance provider’s stock after selling 154 shares during the quarter. Trust Co. of Vermont’s holdings in Travelers Companies were worth $1,322,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC grew its position in shares of Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after buying an additional 1,568,909 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Travelers Companies by 23,378.8% in the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after acquiring an additional 518,075 shares in the last quarter. Bank of Montreal Can grew its holdings in Travelers Companies by 66.9% in the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock worth $166,645,000 after purchasing an additional 282,884 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at $54,988,000. Finally, Janus Henderson Group PLC boosted its position in shares of Travelers Companies by 216.3% in the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock worth $79,582,000 after purchasing an additional 232,428 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TRV. Bank of America upped their target price on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Tuesday, December 10th. Jefferies Financial Group raised their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a research note on Thursday, November 21st. Finally, The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $254.65.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the transaction, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at $4,302,736.96. This trade represents a 21.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,014 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $65,099,840. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock valued at $20,295,856 in the last three months. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Trading Down 1.1 %

Shares of Travelers Companies stock opened at $239.65 on Friday. The firm has a 50-day simple moving average of $249.57 and a two-hundred day simple moving average of $235.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a fifty-two week low of $195.57 and a fifty-two week high of $269.55. The company has a market cap of $54.41 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 1.01 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.95 earnings per share. As a group, equities analysts predict that The Travelers Companies, Inc. will post 18.94 earnings per share for the current fiscal year.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.