NewEdge Advisors LLC lessened its position in The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 72.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,799 shares of the insurance provider’s stock after selling 23,000 shares during the period. NewEdge Advisors LLC’s holdings in Travelers Companies were worth $2,567,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in TRV. Spinnaker Trust boosted its stake in shares of Travelers Companies by 1.7% during the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after purchasing an additional 33 shares in the last quarter. Cim LLC increased its position in Travelers Companies by 0.4% during the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock valued at $2,363,000 after buying an additional 34 shares in the last quarter. Avalon Trust Co boosted its holdings in Travelers Companies by 0.4% in the first quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock worth $2,562,000 after acquiring an additional 35 shares in the last quarter. Haverford Trust Co grew its stake in shares of Travelers Companies by 0.7% in the fourth quarter. Haverford Trust Co now owns 5,210 shares of the insurance provider’s stock worth $1,511,000 after acquiring an additional 35 shares during the last quarter. Finally, Sumitomo Life Insurance Co. increased its holdings in shares of Travelers Companies by 0.7% during the fourth quarter. Sumitomo Life Insurance Co. now owns 5,236 shares of the insurance provider’s stock valued at $1,519,000 after acquiring an additional 35 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on TRV shares. Wells Fargo & Company lifted their price target on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Weiss Ratings restated a “buy (a-)” rating on shares of Travelers Companies in a report on Wednesday, August 5th. Cantor Fitzgerald boosted their price target on Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Citigroup restated a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $354.26.
Travelers Companies Price Performance
NYSE:TRV opened at $370.32 on Friday. 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 company has a market capitalization of $77.24 billion, a P/E ratio of 9.92, a P/E/G ratio of 3.52 and a beta of 0.45. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The business’s 50-day moving average is $344.64 and its 200 day moving average is $314.87.
Travelers Companies (NYSE:TRV – Get Free Report) last posted its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same period last year, the firm posted $6.51 earnings per share. Travelers Companies’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.
Travelers Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.
Insider Buying and Selling
In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the completion of the transaction, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the completion of the sale, the executive vice president directly owned 10,479 shares in the company, valued at approximately $3,894,939.51. This represents a 32.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 62,667 shares of company stock valued at $22,688,329 over the last 90 days. 1.39% of the stock is currently owned by insiders.
Travelers Companies Company Profile
The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.
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