The Travelers Companies, Inc. $TRV Stake Decreased by Telos Capital Management Inc.

Telos Capital Management Inc. decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,843 shares of the insurance provider’s stock after selling 1,302 shares during the quarter. Travelers Companies accounts for approximately 1.5% of Telos Capital Management Inc.’s holdings, making the stock its 17th biggest position. Telos Capital Management Inc.’s holdings in Travelers Companies were worth $17,057,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TRV. MMA Asset Management LLC bought a new stake in Travelers Companies in the 3rd quarter worth approximately $430,000. Pathway Financial Advisers LLC purchased a new stake in Travelers Companies during the 3rd quarter valued at $54,000. Chicago Partners Investment Group LLC raised its stake in Travelers Companies by 0.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,754 shares of the insurance provider’s stock valued at $2,292,000 after buying an additional 41 shares during the last quarter. Ascent Group LLC lifted its holdings in shares of Travelers Companies by 2.0% during the 3rd quarter. Ascent Group LLC now owns 8,785 shares of the insurance provider’s stock valued at $3,132,000 after buying an additional 170 shares during the period. Finally, 3Chopt Investment Partners LLC boosted its stake in shares of Travelers Companies by 17.4% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 1,382 shares of the insurance provider’s stock worth $493,000 after buying an additional 205 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of several research analyst reports. Bank of America lifted their price objective on Travelers Companies from $301.00 to $320.00 and gave the stock an “underperform” rating in a report on Monday, October 12th. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $341.00 to $377.00 and gave the stock an “equal weight” rating in a research note on Monday, October 19th. JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $352.00 to $379.00 and gave the stock a “neutral” rating in a report on Tuesday, October 20th. Raymond James Financial boosted their target price on shares of Travelers Companies from $430.00 to $450.00 in a research report on Monday, October 19th. Finally, Truist Financial boosted their target price on shares of Travelers Companies from $425.00 to $435.00 and gave the company a “buy” rating in a research report on Monday, October 19th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $370.83.

Travelers Companies Trading Down 1.6%

Shares of NYSE:TRV opened at $402.79 on Friday. The stock has a 50 day moving average of $377.14 and a 200 day moving average of $332.14. The company has a market cap of $82.55 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 2.83 and a beta of 0.40. The Travelers Companies, Inc. has a 12-month low of $268.00 and a 12-month high of $418.00. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, topping analysts’ consensus estimates of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The company had revenue of $12.41 billion for the quarter, compared to analysts’ expectations of $11.36 billion. During the same quarter last year, the business earned $8.14 EPS. The firm’s revenue was down .5% compared to the same quarter last year. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 36.27 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.2%. Travelers Companies’s dividend payout ratio is 13.11%.

Insider Activity

In related news, EVP Andy Bessette sold 3,000 shares of Travelers Companies stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $399.35, for a total transaction of $1,198,050.00. Following the transaction, the executive vice president owned 18,285 shares in the company, valued at approximately $7,302,114.75. The trade was a 14.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey Klenk sold 9,016 shares of the company’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $405.57, for a total transaction of $3,656,619.12. Following the completion of the transaction, the executive vice president directly owned 6,075 shares of the company’s stock, valued at $2,463,837.75. This represents a 59.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 180,287 shares of company stock worth $71,713,050. 1.39% of the stock is currently owned by insiders.

About Travelers Companies

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers’ compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.