Cigna Investments Inc. New Has $546,000 Stake in The Travelers Companies, Inc. (NYSE:TRV)

Cigna Investments Inc. New reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,335 shares of the insurance provider’s stock after selling 52 shares during the period. Cigna Investments Inc. New’s holdings in Travelers Companies were worth $546,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TRV. United Asset Strategies Inc. acquired a new position in Travelers Companies during the 3rd quarter worth approximately $204,000. Financial Advocates Investment Management bought a new stake in shares of Travelers Companies in the third quarter worth $228,000. S.A. Mason LLC bought a new stake in shares of Travelers Companies in the third quarter worth $109,000. First Trust Direct Indexing L.P. boosted its holdings in Travelers Companies by 25.2% during the third quarter. First Trust Direct Indexing L.P. now owns 12,964 shares of the insurance provider’s stock worth $3,035,000 after purchasing an additional 2,611 shares during the last quarter. Finally, Lodestar Private Asset Management LLC bought a new position in Travelers Companies in the third quarter valued at $206,000. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on TRV shares. Morgan Stanley reduced their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Bank of America upped their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. UBS Group raised their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $247.90.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $245.64 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market cap of $55.77 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 1.18 and a beta of 0.62. The stock’s fifty day moving average price is $239.19 and its two-hundred day moving average price is $221.51. The Travelers Companies, Inc. has a one year low of $165.84 and a one year high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the prior year, the company posted $1.95 earnings per share. Travelers Companies’s revenue was up 11.9% compared to the same quarter last year. On average, equities analysts forecast that The Travelers Companies, Inc. will post 18.53 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.71%. Travelers Companies’s dividend payout ratio is presently 21.54%.

Insider Transactions at Travelers Companies

In related news, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the sale, the executive vice president now owns 16,976 shares of the company’s stock, valued at $4,302,736.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares in the company, valued at approximately $4,302,736.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,999 shares of company stock valued at $16,580,166. 1.33% of the stock is currently owned by company insiders.

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.