Principle Wealth Partners LLC Sells 620 Shares of The Travelers Companies, Inc. $TRV

Principle Wealth Partners LLC lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 15,377 shares of the insurance provider’s stock after selling 620 shares during the period. Principle Wealth Partners LLC’s holdings in Travelers Companies were worth $4,114,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. RNC Capital Management LLC grew its position in Travelers Companies by 0.4% in the 2nd quarter. RNC Capital Management LLC now owns 19,328 shares of the insurance provider’s stock valued at $5,171,000 after acquiring an additional 74 shares during the last quarter. Ethic Inc. grew its position in Travelers Companies by 0.9% in the 2nd quarter. Ethic Inc. now owns 46,194 shares of the insurance provider’s stock valued at $12,163,000 after acquiring an additional 398 shares during the last quarter. Greatmark Investment Partners Inc. grew its position in Travelers Companies by 2.5% in the 2nd quarter. Greatmark Investment Partners Inc. now owns 62,463 shares of the insurance provider’s stock valued at $16,711,000 after acquiring an additional 1,510 shares during the last quarter. Parcion Private Wealth LLC bought a new position in Travelers Companies in the 2nd quarter valued at $246,000. Finally, Members Trust Co grew its position in Travelers Companies by 8.5% in the 2nd quarter. Members Trust Co now owns 852 shares of the insurance provider’s stock valued at $228,000 after acquiring an additional 67 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.3%

Shares of NYSE TRV opened at $268.45 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $59.88 billion, a P/E ratio of 10.56, a price-to-earnings-growth ratio of 2.52 and a beta of 0.51. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $287.95. The business has a fifty day moving average price of $274.03 and a 200 day moving average price of $266.52.

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

Travelers Companies Announces Dividend

The firm 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 $1.10 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is 17.30%.

Insider Buying and Selling

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TRV shares. Piper Sandler upped their target price on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Citigroup started coverage on Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 target price for the company. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Wolfe Research started coverage on Travelers Companies in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Finally, Barclays set a $313.00 target price on Travelers Companies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $291.31.

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.