The Travelers Companies, Inc. $TRV Shares Sold by Carret Asset Management LLC

Carret Asset Management LLC lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,412 shares of the insurance provider’s stock after selling 687 shares during the period. Travelers Companies makes up 1.0% of Carret Asset Management LLC’s portfolio, making the stock its 20th biggest position. Carret Asset Management LLC’s holdings in Travelers Companies were worth $9,474,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Assetmark Inc. increased its position in shares of Travelers Companies by 400.4% in the second quarter. Assetmark Inc. now owns 13,637 shares of the insurance provider’s stock worth $3,649,000 after acquiring an additional 10,912 shares in the last quarter. Premier Path Wealth Partners LLC increased its position in shares of Travelers Companies by 13.7% in the second quarter. Premier Path Wealth Partners LLC now owns 1,797 shares of the insurance provider’s stock worth $481,000 after acquiring an additional 217 shares in the last quarter. Spire Wealth Management grew its holdings in Travelers Companies by 175.9% during the 2nd quarter. Spire Wealth Management now owns 6,776 shares of the insurance provider’s stock valued at $1,792,000 after purchasing an additional 4,320 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in Travelers Companies by 79.9% during the 2nd quarter. Arkadios Wealth Advisors now owns 3,023 shares of the insurance provider’s stock valued at $809,000 after purchasing an additional 1,343 shares in the last quarter. Finally, World Investment Advisors grew its holdings in Travelers Companies by 21.1% during the 2nd quarter. World Investment Advisors now owns 2,179 shares of the insurance provider’s stock valued at $583,000 after purchasing an additional 379 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TRV. Barclays set a $313.00 price target on shares of Travelers Companies in a report on Wednesday, October 8th. 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 report on Thursday, October 9th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Morgan Stanley raised their price target on shares of Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Finally, Wolfe Research began coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $291.31.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the transaction, the executive vice president directly owned 33,638 shares in the company, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The SEC filing for this sale provides additional information. Company insiders own 1.46% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV stock opened at $267.75 on Thursday. The firm has a market cap of $59.72 billion, a P/E ratio of 10.53, a P/E/G ratio of 2.41 and a beta of 0.51. 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 Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $287.95. The firm has a fifty day moving average of $274.09 and a two-hundred day moving average of $267.81.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share 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 company had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same period last year, the business earned $5.24 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 17.30%.

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.