Northwest Bancshares Inc. cut its stake in shares of Travelers Companies Inc (NYSE:TRV) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,888 shares of the insurance provider’s stock after selling 410 shares during the period. Northwest Bancshares Inc.’s holdings in Travelers Companies were worth $2,809,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Interactive Financial Advisors bought a new stake in Travelers Companies in the first quarter valued at $27,000. First Trust Advisors LP lifted its stake in Travelers Companies by 4.6% in the first quarter. First Trust Advisors LP now owns 393,711 shares of the insurance provider’s stock valued at $54,001,000 after buying an additional 17,258 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Travelers Companies by 119.7% in the first quarter. The Manufacturers Life Insurance Company now owns 281,753 shares of the insurance provider’s stock valued at $38,645,000 after buying an additional 153,515 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in Travelers Companies by 4.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 244,288 shares of the insurance provider’s stock valued at $33,507,000 after buying an additional 9,701 shares during the last quarter. Finally, Granite Investment Partners LLC bought a new stake in Travelers Companies in the first quarter valued at $743,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

In other Travelers Companies news, Vice Chairman William H. Heyman sold 7,500 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $149.50, for a total transaction of $1,121,250.00. Following the completion of the sale, the insider now directly owns 242,245 shares in the company, valued at approximately $36,215,627.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $150.75, for a total value of $753,750.00. Following the sale, the insider now owns 244,745 shares of the company’s stock, valued at $36,895,308.75. The disclosure for this sale can be found here. Insiders sold a total of 56,566 shares of company stock worth $8,347,056 in the last three months. 0.73% of the stock is currently owned by company insiders.

A number of equities research analysts have issued reports on the company. Bank of America cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $156.00 target price on the stock. in a research note on Wednesday, September 18th. Royal Bank of Canada raised their target price on Travelers Companies to $160.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 24th. Buckingham Research cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 target price on the stock. in a research note on Friday, July 19th. Barclays cut their target price on Travelers Companies from $177.00 to $174.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Finally, Morgan Stanley lowered their price target on Travelers Companies from $140.00 to $136.00 and set an “underweight” rating on the stock in a report on Thursday, August 15th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. Travelers Companies currently has a consensus rating of “Hold” and an average price target of $149.08.

TRV traded up $0.90 during trading on Wednesday, reaching $141.53. The company had a trading volume of 29,564 shares, compared to its average volume of 1,300,063. The firm’s 50-day simple moving average is $146.87 and its 200 day simple moving average is $145.86. The company has a market cap of $37.75 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 1.49 and a beta of 0.93. Travelers Companies Inc has a 12-month low of $111.08 and a 12-month high of $155.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.38.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.32 by ($0.30). The company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $7.03 billion. Travelers Companies had a return on equity of 10.73% and a net margin of 8.65%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.81 EPS. On average, sell-side analysts expect that Travelers Companies Inc will post 10.55 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were paid a $0.82 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $3.28 dividend on an annualized basis and a yield of 2.32%. Travelers Companies’s dividend payout ratio is currently 36.69%.

About Travelers Companies

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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