Liberty One Investment Management LLC Sells 1,438 Shares of The Travelers Companies, Inc. $TRV

Liberty One Investment Management LLC cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,820 shares of the insurance provider’s stock after selling 1,438 shares during the period. Liberty One Investment Management LLC’s holdings in Travelers Companies were worth $5,303,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC increased 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 worth $25,000 after buying an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new position in Travelers Companies during the 1st quarter valued at about $26,000. Missouri Trust & Investment Co grew its holdings in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the last quarter. Flaharty Asset Management LLC bought a new position in Travelers Companies during the 1st quarter valued at about $32,000. Finally, Nova Wealth Management Inc. bought a new position in Travelers Companies during the 2nd quarter valued at about $32,000. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TRV has been the topic of several analyst reports. Piper Sandler upped their price target on shares of Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a report on Friday. Wells Fargo & Company reissued a “positive” rating on shares of Travelers Companies in a research report on Friday. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Morgan Stanley upped their price target on shares of Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $291.31.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.46% of the company’s stock.

Travelers Companies Trading Up 1.1%

NYSE TRV opened at $265.02 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm has a market cap of $59.12 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 2.51 and a beta of 0.51. The company has a 50 day moving average price of $273.95 and a 200 day moving average price of $266.49. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $287.95.

Travelers Companies (NYSE:TRV) last issued 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. 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 analyst estimates of $11.15 billion. During the same quarter in the prior year, the business posted $5.24 EPS. Travelers Companies’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be paid a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.7%. Travelers Companies’s dividend payout ratio is presently 17.30%.

About Travelers Companies

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.