Checchi Capital Advisers LLC Decreases Stake in The Travelers Companies, Inc. $TRV

Checchi Capital Advisers LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,116 shares of the insurance provider’s stock after selling 60 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Travelers Companies were worth $834,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TRV. Cornerstone Planning Group LLC boosted its position in Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in Travelers Companies in the first quarter valued at $26,000. Missouri Trust & Investment Co increased its stake in Travelers Companies by 122.2% in the second 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 acquired a new stake in Travelers Companies during the first quarter worth about $32,000. Finally, Nova Wealth Management Inc. acquired a new stake in Travelers Companies during the second quarter worth about $32,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 1.7%

Shares of NYSE TRV opened at $284.93 on Monday. The company has a market cap of $64.15 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 3.27 and a beta of 0.51. The Travelers Companies, Inc. has a 12-month low of $224.62 and a 12-month high of $286.17. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock’s 50 day simple moving average is $271.60 and its 200 day simple moving average is $265.52.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $2.99. The business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $2.51 EPS. Equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.5%. Travelers Companies’s payout ratio is presently 19.46%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Barclays lowered Travelers Companies from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. Weiss Ratings restated a “buy (b+)” rating on shares of Travelers Companies in a research note on Saturday, September 27th. Wolfe Research assumed coverage on Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Keefe, Bruyette & Woods increased their target price on Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Finally, UBS Group increased their target price on Travelers Companies from $275.00 to $284.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $284.56.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction on Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares in the company, valued at $4,900,865.92. The trade was a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Travelers Companies 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.