Fisher Asset Management LLC Sells 522 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Fisher Asset Management LLC reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 35.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 944 shares of the insurance provider’s stock after selling 522 shares during the period. Fisher Asset Management LLC’s holdings in Travelers Companies were worth $221,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TRV. 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 purchasing an additional 165,708 shares during the period. Legal & General Group Plc boosted its stake in 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. grew its position 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 valued at $350,396,000 after acquiring an additional 10,285 shares during the period. AQR Capital Management LLC raised its stake 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 worth $233,769,000 after acquiring an additional 85,619 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Travelers Companies by 1.3% during the second quarter. Hsbc Holdings PLC now owns 1,112,547 shares of the insurance provider’s stock valued at $226,307,000 after acquiring an additional 14,764 shares during the period. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $266.04 on Monday. The firm has a fifty day moving average of $249.31 and a two-hundred day moving average of $227.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $60.40 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a 52 week low of $177.61 and a 52 week high of $269.55.

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

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.58%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

Insider Activity at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction 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 transaction, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,149 shares of company stock worth $20,295,856. 1.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TRV shares. Roth Mkm increased their target price 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. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group raised their price target on Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a report on Tuesday, October 22nd. Finally, Bank of America boosted their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $251.15.

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.