GSA Capital Partners LLP Cuts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

GSA Capital Partners LLP lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 36.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,734 shares of the insurance provider’s stock after selling 974 shares during the period. GSA Capital Partners LLP’s holdings in Travelers Companies were worth $406,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its stake in Travelers Companies by 356.3% during the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after buying an additional 35,560 shares during the period. GAMMA Investing LLC increased its stake in Travelers Companies by 162.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock worth $1,002,000 after buying an additional 3,050 shares during the period. Manning & Napier Advisors LLC purchased a new stake in Travelers Companies during the 2nd quarter worth $17,303,000. Cetera Advisors LLC increased its stake in Travelers Companies by 75.3% during the 1st quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock worth $2,531,000 after buying an additional 4,724 shares during the period. Finally, Swedbank AB purchased a new stake in Travelers Companies during the 1st quarter worth $26,618,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 74,409 shares of company stock valued at $19,305,504. Company insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TRV. Barclays lifted their price target on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Monday. BMO Capital Markets upped their target price on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Finally, Roth Mkm upped their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $251.15.

Travelers Companies Price Performance

NYSE TRV opened at $261.15 on Friday. The Travelers Companies, Inc. has a 52 week low of $174.60 and a 52 week 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. The stock has a market cap of $59.29 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The company has a 50-day moving average price of $246.33 and a two-hundred day moving average price of $225.62.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the prior year, the firm earned $1.95 EPS. Travelers Companies’s quarterly revenue was up 11.9% on a year-over-year basis. Analysts forecast that The Travelers Companies, Inc. will post 18.64 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

Travelers Companies Company 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.