Stephens Inc. AR Cuts Stake in The Travelers Companies, Inc. $TRV

Stephens Inc. AR lessened its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,585 shares of the insurance provider’s stock after selling 506 shares during the quarter. Stephens Inc. AR’s holdings in Travelers Companies were worth $2,832,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its holdings in Travelers Companies by 700.0% during 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 in the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in Travelers Companies during the 1st quarter valued at approximately $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 buying an additional 55 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in Travelers Companies during the 1st quarter valued at approximately $32,000. Finally, Nova Wealth Management Inc. purchased a new position in Travelers Companies during the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wells Fargo & Company reissued a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday. Wolfe Research began coverage on shares of Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating for the company. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $291.31.

Travelers Companies Price Performance

Shares of TRV stock opened at $268.45 on Thursday. The Travelers Companies, Inc. has a 52-week low of $230.23 and a 52-week high of $287.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $59.88 billion, a P/E ratio of 10.56, a P/E/G ratio of 2.52 and a beta of 0.51. The stock has a 50 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 results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) 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 analyst estimates of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.Travelers Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $5.24 EPS. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s payout ratio is 17.30%.

Insiders Place Their Bets

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.46% of the stock is currently owned by company 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.