Slow Capital Inc. Sells 696 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Slow Capital Inc. reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,385 shares of the insurance provider’s stock after selling 696 shares during the quarter. Slow Capital Inc.’s holdings in Travelers Companies were worth $3,706,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC lifted its holdings in Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after buying an additional 1,568,909 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Travelers Companies by 23,378.8% in the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after acquiring an additional 518,075 shares during the last quarter. Bank of Montreal Can boosted its holdings in Travelers Companies by 66.9% in the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock valued at $166,645,000 after acquiring an additional 282,884 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Travelers Companies in the third quarter worth about $54,988,000. Finally, Janus Henderson Group PLC raised its holdings in Travelers Companies by 216.3% during the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock worth $79,582,000 after purchasing an additional 232,428 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares in the company, valued at $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $251.15 on Tuesday. The company has a 50 day moving average of $247.92 and a 200-day moving average of $237.51. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $57.01 billion, a P/E ratio of 11.70, a P/E/G ratio of 1.09 and a beta of 0.65. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10,795,375 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $7.01 EPS. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 20.33 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.67%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. BMO Capital Markets upped their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Tuesday, December 10th. Jefferies Financial Group increased their target price on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $260.47.

Travelers Companies Profile

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.