Prudential Financial Inc. reduced its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 390,171 shares of the insurance provider’s stock after selling 25,890 shares during the quarter. Prudential Financial Inc. owned approximately 0.15% of Travelers Companies worth $50,609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Wells Fargo & Company MN increased its holdings in Travelers Companies by 3.1% during the 3rd quarter. Wells Fargo & Company MN now owns 1,564,973 shares of the insurance provider’s stock valued at $202,992,000 after acquiring an additional 47,020 shares in the last quarter. Marathon Asset Management LLP grew its holdings in shares of Travelers Companies by 6.5% during the third quarter. Marathon Asset Management LLP now owns 1,375,588 shares of the insurance provider’s stock worth $178,423,000 after buying an additional 83,392 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Travelers Companies by 6.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,245,413 shares of the insurance provider’s stock worth $152,364,000 after buying an additional 71,500 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Travelers Companies by 3,351.0% during the third quarter. Victory Capital Management Inc. now owns 1,153,158 shares of the insurance provider’s stock worth $149,576,000 after buying an additional 1,119,743 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Travelers Companies by 0.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,112,712 shares of the insurance provider’s stock worth $136,129,000 after buying an additional 4,546 shares in the last quarter. Hedge funds and other institutional investors own 78.50% of the company’s stock.

A number of brokerages have recently commented on TRV. Zacks Investment Research downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. MKM Partners lowered their price target on shares of Travelers Companies to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 24th. B. Riley lifted their price target on shares of Travelers Companies from $118.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Citigroup lifted their price target on shares of Travelers Companies from $144.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, July 30th. Finally, TheStreet upgraded shares of Travelers Companies from a “c+” rating to a “b” rating in a report on Thursday, August 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $136.36.

TRV opened at $128.77 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.39 and a current ratio of 0.39. Travelers Companies Inc has a 1 year low of $119.67 and a 1 year high of $150.55. The company has a market capitalization of $34.11 billion, a P/E ratio of 17.69, a P/E/G ratio of 1.03 and a beta of 1.19.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 18th. The insurance provider reported $2.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.28. Travelers Companies had a net margin of 8.18% and a return on equity of 10.86%. The business had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same period last year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that Travelers Companies Inc will post 9.88 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 10th will be given a $0.77 dividend. The ex-dividend date is Friday, December 7th. This represents a $3.08 annualized dividend and a dividend yield of 2.39%. Travelers Companies’s dividend payout ratio is presently 42.31%.

In other Travelers Companies news, Vice Chairman Jay S. Benet sold 8,876 shares of Travelers Companies stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the transaction, the insider now directly owns 94,176 shares of the company’s stock, valued at $12,431,232. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Andy F. Bessette sold 1,666 shares of Travelers Companies stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $126.17, for a total transaction of $210,199.22. Following the transaction, the executive vice president now directly owns 8,457 shares in the company, valued at $1,067,019.69. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

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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.

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

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