Cidel Asset Management Inc. Sells 335 Shares of The Travelers Companies, Inc. $TRV

Cidel Asset Management Inc. trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 14.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,018 shares of the insurance provider’s stock after selling 335 shares during the quarter. Cidel Asset Management Inc.’s holdings in Travelers Companies were worth $540,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC grew its stake in Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after buying an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in Travelers Companies during the first quarter worth about $26,000. Missouri Trust & Investment Co grew its stake in Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares in the last quarter. Nova Wealth Management Inc. acquired a new stake in Travelers Companies during the second quarter worth about $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in Travelers Companies during the first quarter worth about $32,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Up 0.3%

TRV opened at $262.31 on Monday. The company’s 50 day moving average is $273.93 and its 200-day moving average is $266.33. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $287.95. The company has a market cap of $58.51 billion, a P/E ratio of 10.31, a PEG ratio of 2.51 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $11.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same period last year, the company earned $5.24 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.7%. Travelers Companies’s dividend payout ratio (DPR) is currently 17.30%.

Insider Buying and Selling

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TRV shares. Piper Sandler increased their price objective on shares of Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research note on Friday. The Goldman Sachs Group reiterated a “buy” rating on shares of Travelers Companies in a research note on Friday. JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research note on Thursday, October 9th. Weiss Ratings restated a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Finally, 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 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $292.47.

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. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.