Rehmann Capital Advisory Group Sells 384 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Rehmann Capital Advisory Group reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 27.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 994 shares of the insurance provider’s stock after selling 384 shares during the period. Rehmann Capital Advisory Group’s holdings in Travelers Companies were worth $233,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Toronto Dominion Bank boosted its holdings in shares of Travelers Companies by 1.0% during the 3rd quarter. Toronto Dominion Bank now owns 114,014 shares of the insurance provider’s stock worth $26,693,000 after buying an additional 1,113 shares during the period. Empire Financial Management Company LLC boosted its holdings in shares of Travelers Companies by 1.2% during the third quarter. Empire Financial Management Company LLC now owns 16,201 shares of the insurance provider’s stock worth $3,793,000 after acquiring an additional 187 shares during the period. Coldstream Capital Management Inc. boosted its holdings in shares of Travelers Companies by 14.3% during the third quarter. Coldstream Capital Management Inc. now owns 5,032 shares of the insurance provider’s stock worth $1,191,000 after acquiring an additional 630 shares during the period. Geode Capital Management LLC increased its stake in shares of Travelers Companies by 2.3% during the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock worth $1,187,865,000 after purchasing an additional 114,714 shares during the period. Finally, Executive Wealth Management LLC acquired a new stake in Travelers Companies during the 3rd quarter worth approximately $8,948,000. 82.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction that occurred on 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 directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction on Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the transaction, the executive vice president now owns 16,976 shares in the company, valued at approximately $4,302,736.96. This trade represents a 21.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is currently owned by insiders.

Travelers Companies Trading Up 1.0 %

TRV opened at $246.30 on Friday. The company’s 50 day moving average is $253.03 and its 200-day moving average is $230.26. The company has a market cap of $55.92 billion, a P/E ratio of 12.63, a PEG ratio of 1.16 and a beta of 0.63. The Travelers Companies, Inc. has a 1-year low of $181.03 and a 1-year high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted $1.95 earnings per share. Equities research analysts predict that The Travelers Companies, Inc. will post 18.84 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. Travelers Companies’s payout ratio is presently 21.54%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Royal Bank of Canada upped their price objective on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Roth Mkm raised their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Jefferies Financial Group boosted their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Finally, Bank of America boosted their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average price target of $251.70.

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.