Braun Stacey Associates Inc. Lowers Position in The Travelers Companies, Inc. (NYSE:TRV)

Braun Stacey Associates Inc. decreased its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,868 shares of the insurance provider’s stock after selling 2,348 shares during the period. Braun Stacey Associates Inc.’s holdings in Travelers Companies were worth $26,191,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Y.D. More Investments Ltd purchased a new stake in shares of Travelers Companies in the second quarter valued at about $25,000. Pathway Financial Advisers LLC purchased a new stake in shares of Travelers Companies in the first quarter valued at about $35,000. Beacon Capital Management LLC boosted its holdings in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Travelers Companies in the third quarter valued at about $50,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TRV. Royal Bank of Canada raised their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Bank of America raised their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. BMO Capital Markets lifted their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Roth Mkm lifted their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, UBS Group lifted their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Four investment 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 presently has a consensus rating of “Hold” and a consensus target price of $247.90.

Travelers Companies Price Performance

Shares of TRV stock opened at $260.82 on Monday. The company has a market capitalization of $59.21 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.25 and a beta of 0.62. The firm has a fifty day simple moving average of $244.44 and a 200-day simple moving average of $224.48. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a twelve month low of $169.18 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.95 earnings per share. Equities research analysts anticipate that The Travelers Companies, Inc. will post 18.64 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.61%. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Insiders Place Their Bets

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the transaction, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total transaction of $2,561,700.00. Following the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $5,840,163.66. This represents a 30.49 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,999 shares of company stock valued at $16,580,166. Company insiders own 1.33% of the company’s stock.

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.