The Travelers Companies, Inc. (NYSE:TRV) Holdings Cut by Centiva Capital LP

Centiva Capital LP reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 81.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,545 shares of the insurance provider’s stock after selling 6,762 shares during the period. Centiva Capital LP’s holdings in Travelers Companies were worth $362,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TRV. FMR LLC grew its stake in 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 purchasing an additional 1,568,909 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 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 valued at $619,241,000 after buying an additional 165,708 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Travelers Companies by 1.6% in 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 buying an additional 37,029 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Travelers Companies by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock worth $350,396,000 after buying an additional 10,285 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Travelers Companies by 8.0% during the second quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock valued at $233,769,000 after acquiring an additional 85,619 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $65,237,551.20. This represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 78,149 shares of company stock valued at $20,295,856. Company insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on TRV shares. Barclays boosted their target price on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. BMO Capital Markets increased their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Roth Mkm increased 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. Finally, Royal Bank of Canada increased their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $251.15.

Travelers Companies Price Performance

NYSE:TRV opened at $251.96 on Tuesday. The company has a 50-day moving average of $252.16 and a 200-day moving average of $229.59. The company has a market capitalization of $57.20 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.24 and a beta of 0.63. The Travelers Companies, Inc. has a 52 week low of $180.44 and a 52 week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $1.95 EPS. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

About Travelers Companies

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.