Corient Capital Partners LLC Sells 497 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Corient Capital Partners LLC trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRVGet Rating) by 8.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,206 shares of the insurance provider’s stock after selling 497 shares during the quarter. Corient Capital Partners LLC’s holdings in Travelers Companies were worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versor Investments LP grew its stake in Travelers Companies by 26.6% during the 1st quarter. Versor Investments LP now owns 4,245 shares of the insurance provider’s stock valued at $776,000 after purchasing an additional 891 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Travelers Companies by 3.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 271,416 shares of the insurance provider’s stock valued at $49,596,000 after purchasing an additional 10,025 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in Travelers Companies by 1.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 108,905 shares of the insurance provider’s stock valued at $19,900,000 after purchasing an additional 1,677 shares during the last quarter. Clearstead Advisors LLC boosted its stake in shares of Travelers Companies by 10.4% in the first quarter. Clearstead Advisors LLC now owns 1,675 shares of the insurance provider’s stock worth $306,000 after buying an additional 158 shares during the last quarter. Finally, Dearborn Partners LLC purchased a new stake in shares of Travelers Companies in the first quarter worth about $230,000. 82.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TRV. Evercore ISI lowered their target price on Travelers Companies to $183.00 in a research note on Thursday, October 20th. Royal Bank of Canada upped their price target on Travelers Companies from $165.00 to $180.00 and gave the stock a “sector perform” rating in a report on Thursday, October 20th. Citigroup upped their price target on Travelers Companies from $179.00 to $181.00 and gave the stock a “neutral” rating in a report on Thursday, October 20th. Morgan Stanley upped their price target on Travelers Companies from $175.00 to $190.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Barclays upped their price target on Travelers Companies from $164.00 to $178.00 and gave the stock an “equal weight” rating in a report on Thursday, October 20th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $178.33.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 1,000 shares of the stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $180.00, for a total value of $180,000.00. Following the completion of the sale, the insider now owns 251,605 shares of the company’s stock, valued at $45,288,900. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Maria Olivo sold 13,516 shares of the stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $179.21, for a total value of $2,422,202.36. Following the completion of the transaction, the executive vice president now directly owns 98,675 shares in the company, valued at $17,683,546.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 1,000 shares of the stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $180.00, for a total value of $180,000.00. Following the completion of the transaction, the insider now owns 251,605 shares of the company’s stock, valued at $45,288,900. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,516 shares of company stock valued at $8,461,942. 1.07% of the stock is currently owned by insiders.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $188.01 on Thursday. The business has a 50 day simple moving average of $170.12 and a two-hundred day simple moving average of $168.04. The Travelers Companies, Inc. has a 12 month low of $145.40 and a 12 month high of $188.46. The stock has a market capitalization of $44.06 billion, a P/E ratio of 13.74, a PEG ratio of 2.59 and a beta of 0.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRVGet Rating) last posted its quarterly earnings results on Wednesday, October 19th. The insurance provider reported $2.20 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.14). Travelers Companies had a net margin of 9.26% and a return on equity of 14.31%. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $8.58 billion. During the same period in the prior year, the business posted $2.60 EPS. Travelers Companies’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, analysts predict that The Travelers Companies, Inc. will post 13.13 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 9th will be issued a $0.93 dividend. The ex-dividend date is Thursday, December 8th. This represents a $3.72 annualized dividend and a dividend yield of 1.98%. Travelers Companies’s dividend payout ratio is presently 27.19%.

About Travelers Companies

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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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