Ballentine Partners LLC Has $3.38 Million Stock Position in The Travelers Companies, Inc. $TRV

Ballentine Partners LLC decreased its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,626 shares of the insurance provider’s stock after selling 179 shares during the period. Ballentine Partners LLC’s holdings in Travelers Companies were worth $3,378,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC grew its holdings in shares of Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after buying an additional 84 shares during the period. Ameriflex Group Inc. acquired a new position in Travelers Companies in the 4th quarter worth $26,000. Greykasell Wealth Strategies Inc. acquired a new position in Travelers Companies in the 1st quarter worth $26,000. Flaharty Asset Management LLC acquired a new position in Travelers Companies in the 1st quarter worth $32,000. Finally, Nova Wealth Management Inc. acquired a new position in Travelers Companies in the 2nd quarter worth $32,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.0%

Travelers Companies stock opened at $276.11 on Wednesday. The firm has a 50-day moving average of $269.03 and a 200-day moving average of $264.38. The Travelers Companies, Inc. has a one year low of $224.62 and a one year high of $280.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $62.16 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 3.17 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping 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 company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the prior year, the business posted $2.51 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies’s dividend payout ratio is presently 19.46%.

Analysts Set New Price Targets

TRV has been the subject of a number of research analyst reports. Citigroup initiated coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 target price for the company. Wolfe Research initiated coverage on shares of Travelers Companies in a research note on Monday, September 15th. They issued a “peer perform” rating for the company. Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Wells Fargo & Company upped their target price on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Finally, Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $284.56.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the sale, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by corporate insiders.

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.