The Travelers Companies, Inc. (NYSE:TRV) Stake Lessened by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 7.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 94,708 shares of the insurance provider’s stock after selling 7,676 shares during the period. ExodusPoint Capital Management LP’s holdings in Travelers Companies were worth $16,447,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordwand Advisors LLC bought a new stake in Travelers Companies during the first quarter worth approximately $26,000. FWL Investment Management LLC bought a new stake in Travelers Companies during the fourth quarter worth approximately $28,000. Northwest Capital Management Inc bought a new stake in Travelers Companies during the second quarter worth approximately $29,000. RFP Financial Group LLC bought a new stake in Travelers Companies during the second quarter worth approximately $29,000. Finally, Nemes Rush Group LLC bought a new stake in Travelers Companies during the second quarter worth approximately $30,000. 81.12% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Andy F. Bessette sold 3,797 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $169.38, for a total value of $643,135.86. Following the transaction, the executive vice president now directly owns 13,005 shares in the company, valued at approximately $2,202,786.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.29% of the stock is owned by insiders.

Travelers Companies Stock Up 0.2 %

TRV stock opened at $172.10 on Tuesday. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $194.51. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.40. The company has a market cap of $39.31 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.52 and a beta of 0.58. The company has a 50 day moving average of $166.09 and a two-hundred day moving average of $169.51.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, October 18th. The insurance provider reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.98). The business had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $10.42 billion. Travelers Companies had a net margin of 5.45% and a return on equity of 10.41%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.20 EPS. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 11.1 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.32%. Travelers Companies’s dividend payout ratio is currently 43.29%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TRV. Morgan Stanley reduced their price target on shares of Travelers Companies from $185.00 to $183.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. Oppenheimer began coverage on shares of Travelers Companies in a research report on Thursday, November 16th. They issued a “market perform” rating for the company. Citigroup upped their price target on shares of Travelers Companies from $181.00 to $185.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. StockNews.com began coverage on shares of Travelers Companies in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Wells Fargo & Company reduced their price target on shares of Travelers Companies from $185.00 to $172.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 17th. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $191.17.

Travelers Companies 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. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.