Cetera Advisors LLC cut its position in shares of Travelers Companies Inc (NYSE:TRV) by 11.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,904 shares of the insurance provider’s stock after selling 988 shares during the quarter. Cetera Advisors LLC’s holdings in Travelers Companies were worth $971,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Travelers Companies by 1.0% in the second quarter. Vanguard Group Inc. now owns 21,769,557 shares of the insurance provider’s stock worth $2,754,501,000 after acquiring an additional 217,625 shares during the last quarter. FMR LLC raised its holdings in shares of Travelers Companies by 6.4% in the second quarter. FMR LLC now owns 7,020,581 shares of the insurance provider’s stock worth $888,314,000 after acquiring an additional 424,036 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Travelers Companies by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,935,859 shares of the insurance provider’s stock worth $359,710,000 after acquiring an additional 46,276 shares during the last quarter. APG Asset Management N.V. raised its holdings in shares of Travelers Companies by 12.5% in the third quarter. APG Asset Management N.V. now owns 2,735,245 shares of the insurance provider’s stock worth $335,122,000 after acquiring an additional 304,900 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Travelers Companies by 2.8% in the third quarter. Legal & General Group Plc now owns 1,656,665 shares of the insurance provider’s stock worth $202,985,000 after acquiring an additional 44,566 shares during the last quarter. 78.67% of the stock is owned by hedge funds and other institutional investors.

In other Travelers Companies news, EVP Michael Frederick Klein sold 20,077 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the completion of the sale, the executive vice president now owns 21,619 shares of the company’s stock, valued at $2,825,170.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maria Olivo sold 33,225 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total value of $4,458,130.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,302 shares of company stock valued at $7,347,753. 0.82% of the stock is owned by company insiders.

Shares of Travelers Companies Inc (TRV) traded down $0.98 during trading hours on Friday, hitting $132.58. The stock had a trading volume of 1,278,600 shares, compared to its average volume of 1,491,398. The stock has a market capitalization of $36,554.82, a P/E ratio of 16.31, a P/E/G ratio of 2.63 and a beta of 1.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.41 and a current ratio of 0.41. Travelers Companies Inc has a twelve month low of $113.76 and a twelve month high of $137.95.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($1.19). Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The business had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the firm earned $2.40 EPS. Travelers Companies’s revenue for the quarter was up 4.2% on a year-over-year basis. research analysts forecast that Travelers Companies Inc will post 6.76 earnings per share for the current year.

Travelers Companies announced that its board has initiated a share buyback plan on Monday, September 11th that permits the company to buyback shares. This buyback authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, December 8th. Travelers Companies’s dividend payout ratio (DPR) is presently 33.45%.

A number of research firms have recently weighed in on TRV. Zacks Investment Research raised Travelers Companies from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Royal Bank of Canada reissued a “buy” rating and issued a $148.00 price target on shares of Travelers Companies in a report on Friday, December 8th. Morgan Stanley boosted their price target on Travelers Companies from $119.00 to $124.00 and gave the stock an “underweight” rating in a report on Friday, October 20th. Buckingham Research initiated coverage on Travelers Companies in a research report on Monday, September 11th. They issued a “buy” rating and a $136.00 price objective for the company. Finally, Argus lifted their price objective on Travelers Companies from $139.00 to $145.00 and gave the company a “positive” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $132.01.

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Travelers Companies Profile

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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