Chevy Chase Trust Holdings LLC Sells 4,764 Shares of The Travelers Companies, Inc. $TRV

Chevy Chase Trust Holdings LLC lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 4.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 115,425 shares of the insurance provider’s stock after selling 4,764 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Travelers Companies were worth $32,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Osterweis Capital Management Inc. boosted its position in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares in the last quarter. Delos Wealth Advisors LLC acquired a new stake in Travelers Companies during the second quarter valued at approximately $27,000. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Travelers Companies by 134.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Clayton Financial Group LLC acquired a new position in shares of Travelers Companies in the 3rd quarter worth approximately $28,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Travelers Companies during the 2nd quarter worth approximately $30,000. 82.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of analyst reports. Jefferies Financial Group upgraded Travelers Companies to a “hold” rating in a research report on Tuesday, January 6th. Argus raised shares of Travelers Companies to a “strong-buy” rating in a report on Monday, January 26th. Brean Capital assumed coverage on shares of Travelers Companies in a report on Thursday. They set a “neutral” rating for the company. Zacks Research cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Evercore lifted their target price on shares of Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $304.33.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 16,712 shares of the company’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the transaction, the executive vice president owned 6,075 shares of the company’s stock, valued at approximately $1,699,602.75. This represents a 73.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Olivo sold 10,400 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $300.75, for a total value of $3,127,800.00. Following the completion of the transaction, the executive vice president owned 117,596 shares in the company, valued at $35,366,997. The trade was a 8.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 92,845 shares of company stock worth $27,239,631. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Stock Performance

Travelers Companies stock opened at $302.54 on Monday. The stock has a 50-day simple moving average of $292.03 and a 200 day simple moving average of $284.43. The stock has a market capitalization of $65.42 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 2.81 and a beta of 0.49. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a 12-month low of $230.43 and a 12-month high of $313.12.

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

Travelers Companies Announces Dividend

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

Travelers Companies declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 21st that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 8.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Travelers Companies Company 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.