Waldron Private Wealth LLC Sells 303 Shares of The Travelers Companies, Inc. $TRV

Waldron Private Wealth LLC cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 20.0% during the second quarter, Holdings Channel.com reports. The firm owned 1,215 shares of the insurance provider’s stock after selling 303 shares during the period. Waldron Private Wealth LLC’s holdings in Travelers Companies were worth $325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Travelers Companies by 0.5% during the first quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider’s stock valued at $5,747,656,000 after purchasing an additional 115,808 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of Travelers Companies by 71,265.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock valued at $967,646,000 after purchasing an additional 3,611,758 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Travelers Companies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider’s stock valued at $899,988,000 after acquiring an additional 25,573 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Travelers Companies by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after acquiring an additional 390,104 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its stake in Travelers Companies by 41.2% in the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after acquiring an additional 490,039 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Up 0.3%

NYSE TRV opened at $269.98 on Monday. The company has a fifty day simple moving average of $274.13 and a two-hundred day simple moving average of $267.34. The stock has a market cap of $60.22 billion, a P/E ratio of 10.62, a P/E/G ratio of 2.44 and a beta of 0.51. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $287.95. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted 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 business had revenue of $11.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $5.24 earnings per share. On average, analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

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

Insider Activity

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TRV has been the subject of several recent analyst reports. UBS Group raised their target price on shares of Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Barclays set a $313.00 target price on shares of Travelers Companies in a research note on Wednesday, October 8th. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. 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 target price for the company. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $291.31.

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.