Y Intercept Hong Kong Ltd Decreases Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Y Intercept Hong Kong Ltd decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 66.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,354 shares of the insurance provider's stock after selling 12,801 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Travelers Companies were worth $1,680,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. PFG Advisors increased its position in Travelers Companies by 108.8% during the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider's stock worth $1,125,000 after purchasing an additional 2,217 shares in the last quarter. HighPoint Advisor Group LLC increased its position in Travelers Companies by 3.6% during the 1st quarter. HighPoint Advisor Group LLC now owns 6,540 shares of the insurance provider's stock worth $1,727,000 after purchasing an additional 225 shares in the last quarter. 4WEALTH Advisors Inc. increased its position in Travelers Companies by 19.0% during the 1st quarter. 4WEALTH Advisors Inc. now owns 1,704 shares of the insurance provider's stock worth $451,000 after purchasing an additional 272 shares in the last quarter. Wealth Alliance LLC increased its position in Travelers Companies by 10.7% during the 1st quarter. Wealth Alliance LLC now owns 5,665 shares of the insurance provider's stock worth $1,498,000 after purchasing an additional 549 shares in the last quarter. Finally, Lindbrook Capital LLC increased its position in Travelers Companies by 3.3% in the 1st quarter. Lindbrook Capital LLC now owns 4,388 shares of the insurance provider's stock valued at $1,160,000 after acquiring an additional 141 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TRV. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Wells Fargo & Company lifted their price objective on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Evercore ISI lifted their price objective on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. UBS Group upped their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research note on Monday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $275.56.

Travelers Companies Stock Down 0.3%

Shares of Travelers Companies stock traded down $0.88 during trading hours on Friday, reaching $261.11. The company's stock had a trading volume of 1,194,156 shares, compared to its average volume of 1,353,051. The Travelers Companies, Inc. has a one year low of $206.43 and a one year high of $277.83. The company has a market capitalization of $58.79 billion, a P/E ratio of 11.55, a P/E/G ratio of 3.14 and a beta of 0.51. The stock's fifty day simple moving average is $265.71 and its two-hundred day simple moving average is $256.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period last year, the firm earned $2.51 earnings per share. The business's quarterly revenue was up 7.4% compared to the same quarter last year. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's dividend payout ratio (DPR) is 19.46%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 36,199 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.20, for a total value of $9,925,765.80. Following the transaction, the executive vice president directly owned 118,116 shares of the company's stock, valued at approximately $32,387,407.20. This trade represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey P. Klenk sold 15,180 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the completion of the sale, the executive vice president owned 6,075 shares of the company's stock, valued at approximately $1,657,685.25. This represents a 71.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 175,374 shares of company stock valued at $47,929,912. Corporate insiders own 1.46% of the company's stock.

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.