Citigroup Inc. Sells 22,186 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Citigroup Inc. decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 7.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,282 shares of the insurance provider’s stock after selling 22,186 shares during the period. Citigroup Inc. owned about 0.11% of Travelers Companies worth $60,235,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TRV. Quent Capital LLC increased its holdings in shares of Travelers Companies by 19.7% in the 1st quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock worth $316,000 after purchasing an additional 226 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Travelers Companies by 12.1% in the 1st quarter. 1832 Asset Management L.P. now owns 12,110 shares of the insurance provider’s stock worth $2,787,000 after buying an additional 1,309 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Travelers Companies in the 1st quarter worth $88,190,000. Bayesian Capital Management LP purchased a new position in shares of Travelers Companies in the 1st quarter worth $959,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Travelers Companies by 6.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 913,176 shares of the insurance provider’s stock worth $210,158,000 after buying an additional 58,703 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

NYSE:TRV opened at $262.47 on Friday. The Travelers Companies, Inc. has a 52 week low of $175.88 and a 52 week high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The business’s 50-day simple moving average is $246.83 and its two-hundred day simple moving average is $226.00. The stock has a market cap of $59.59 billion, a PE ratio of 13.46, a P/E/G ratio of 1.25 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the previous year, the firm posted $1.95 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. As a group, analysts forecast that The Travelers Companies, Inc. will post 18.68 EPS 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. Stockholders of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was 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 $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the sale, the executive vice president now directly owns 16,976 shares in the company, valued at $4,302,736.96. The trade was a 21.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,409 shares of company stock valued at $19,305,504. 1.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group raised their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. 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 note on Thursday. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Monday, November 18th. Citigroup lifted their target price on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada lifted their target price on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Four equities research 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’s stock. Based on data from MarketBeat.com, Travelers Companies presently 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.