The Travelers Companies, Inc. $TRV Shares Sold by Conning Inc.

Conning Inc. lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,178 shares of the insurance provider’s stock after selling 5,208 shares during the period. Conning Inc. owned 0.05% of Travelers Companies worth $33,835,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRV. Associated Banc Corp boosted its holdings in shares of Travelers Companies by 1.4% in the second quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock valued at $731,000 after acquiring an additional 39 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Travelers Companies by 1.0% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the insurance provider’s stock worth $1,143,000 after purchasing an additional 40 shares in the last quarter. ORG Partners LLC lifted its position in Travelers Companies by 5.6% in the second quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock worth $207,000 after purchasing an additional 41 shares during the period. Park Place Capital Corp boosted its stake in Travelers Companies by 33.1% during the 2nd quarter. Park Place Capital Corp now owns 165 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 41 shares in the last quarter. Finally, Nilsine Partners LLC increased its position in shares of Travelers Companies by 0.4% during the 3rd quarter. Nilsine Partners LLC now owns 9,737 shares of the insurance provider’s stock valued at $2,719,000 after purchasing an additional 41 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insider Activity

In other Travelers Companies news, CFO Daniel S. Frey sold 25,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the transaction, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,493,829. The trade was a 48.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total value of $575,000.00. Following the completion of the sale, the insider owned 255,086 shares of the company’s stock, valued at $73,337,225. The trade was a 0.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 46,295 shares of company stock valued at $13,011,918. 1.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on TRV shares. Cantor Fitzgerald upped their price objective on Travelers Companies from $308.00 to $316.00 and gave the company an “overweight” rating in a report on Wednesday. Keefe, Bruyette & Woods upped their price target on shares of Travelers Companies from $305.00 to $317.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $302.00 to $305.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 7th. Jefferies Financial Group upgraded shares of Travelers Companies to a “hold” rating in a report on Tuesday, January 6th. Finally, UBS Group raised their target price on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $299.69.

Travelers Companies Price Performance

TRV stock opened at $272.30 on Thursday. The Travelers Companies, Inc. has a one year low of $230.43 and a one year high of $296.85. The firm has a 50-day moving average of $286.73 and a two-hundred day moving average of $275.27. The firm has a market capitalization of $60.74 billion, a PE ratio of 10.71, a P/E/G ratio of 2.59 and a beta of 0.52. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. The business had revenue of $12.47 billion for the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.24 earnings per share. On average, analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.