The Travelers Companies, Inc. $TRV Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.6% during the third quarter, Holdings Channel reports. The firm owned 133,880 shares of the insurance provider’s stock after selling 3,639 shares during the period. Natixis Advisors LLC’s holdings in Travelers Companies were worth $37,382,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Avalon Trust Co grew its position in Travelers Companies by 23.4% during the 2nd quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock worth $2,018,000 after purchasing an additional 1,429 shares during the period. Varma Mutual Pension Insurance Co boosted its holdings in Travelers Companies by 21.7% during the third quarter. Varma Mutual Pension Insurance Co now owns 48,247 shares of the insurance provider’s stock worth $13,472,000 after buying an additional 8,600 shares in the last quarter. Liberty One Investment Management LLC grew its position in Travelers Companies by 32.3% during the third quarter. Liberty One Investment Management LLC now owns 26,228 shares of the insurance provider’s stock valued at $7,323,000 after buying an additional 6,408 shares during the period. National Pension Service increased its holdings in Travelers Companies by 1.8% in the third quarter. National Pension Service now owns 746,883 shares of the insurance provider’s stock valued at $208,545,000 after buying an additional 13,120 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. acquired a new position in shares of Travelers Companies in the third quarter worth about $7,955,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TRV shares. Zacks Research cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Evercore increased their price target on Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Jefferies Financial Group raised Travelers Companies to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings raised Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, February 9th. Finally, Citigroup reiterated a “neutral” rating on shares of Travelers Companies in a research report on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $304.33.

Travelers Companies Trading Down 1.1%

Shares of Travelers Companies stock opened at $303.02 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a twelve month low of $230.43 and a twelve month high of $313.12. The firm has a market capitalization of $65.53 billion, a PE ratio of 11.01, a P/E/G ratio of 2.86 and a beta of 0.49. The firm’s 50-day moving average price is $291.06 and its 200 day moving average price is $283.63.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, topping the consensus estimate of $8.34 by $2.79. The company had revenue of $12.43 billion during the quarter, compared to analyst estimates of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.Travelers Companies’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $9.15 EPS. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Travelers Companies’s dividend payout ratio is currently 15.98%.

Travelers Companies announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 21st that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the insurance provider to buy up to 8.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,400 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $300.75, for a total value of $3,127,800.00. Following the transaction, the executive vice president owned 117,596 shares in the company, valued at approximately $35,366,997. This trade represents a 8.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Alan D. Schnitzer sold 55,733 shares of Travelers Companies stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $294.70, for a total transaction of $16,424,515.10. Following the sale, the chief executive officer directly owned 260,329 shares in the company, valued at approximately $76,718,956.30. This trade represents a 17.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 92,845 shares of company stock valued at $27,239,631 in the last 90 days. 1.46% of the stock is owned by company insiders.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.