Everence Capital Management Inc. Sells 210 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Everence Capital Management Inc. cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,403 shares of the insurance provider’s stock after selling 210 shares during the period. Everence Capital Management Inc.’s holdings in Travelers Companies were worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. State Street Corp grew its position in shares of Travelers Companies by 0.8% in the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock valued at $3,644,532,000 after purchasing an additional 120,228 shares in the last quarter. FMR LLC boosted its position in shares of Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after acquiring an additional 1,568,909 shares during the period. Geode Capital Management LLC grew its stake in 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 valued at $1,187,865,000 after acquiring an additional 114,714 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Travelers Companies by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock worth $619,241,000 after purchasing an additional 165,708 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Travelers Companies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after purchasing an additional 37,029 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 0.5 %

NYSE TRV traded up $1.19 during trading on Friday, hitting $242.08. The company had a trading volume of 176,090 shares, compared to its average volume of 547,091. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a one year low of $189.87 and a one year high of $269.55. The company’s fifty day moving average is $251.72 and its 200-day moving average is $233.30. The company has a market cap of $54.96 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.95 earnings per share. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 18.84 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. Travelers Companies’s dividend payout ratio (DPR) is currently 21.54%.

Insider Buying and Selling

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of the 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 sale, the executive vice president now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,149 shares of company stock valued at $20,295,856 over the last quarter. Corporate insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TRV shares. UBS Group boosted their target price on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada upped their price objective on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Roth Mkm boosted their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research report on Thursday, November 21st. Finally, StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday, December 28th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price 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.