SYSTM Wealth Solutions LLC Sells 5,129 Shares of The Travelers Companies, Inc. (NYSE:TRV)

SYSTM Wealth Solutions LLC decreased its position in The Travelers Companies, Inc. (NYSE:TRV) by 66.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,607 shares of the insurance provider’s stock after selling 5,129 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Travelers Companies were worth $530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after buying an additional 3,158,979 shares in the last quarter. Norges Bank bought a new stake in Travelers Companies during the fourth quarter worth $282,593,000. Acadian Asset Management LLC boosted its position in Travelers Companies by 356.4% in the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock worth $176,589,000 after purchasing an additional 678,241 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in Travelers Companies in the 1st quarter valued at $88,190,000. Finally, Point72 Asset Management L.P. increased its position in shares of Travelers Companies by 6,167.2% during the 4th quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider’s stock valued at $63,596,000 after purchasing an additional 328,527 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Citigroup increased their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and lowered their price target for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft increased their price objective on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, Piper Sandler lowered their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $227.05.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Stock Down 0.8 %

Shares of NYSE:TRV opened at $239.72 on Thursday. The company has a market cap of $54.89 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 1.22 and a beta of 0.62. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $243.48. The firm has a fifty day moving average price of $220.31 and a two-hundred day moving average price of $217.29. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. During the same quarter in the previous year, the firm earned $0.06 earnings per share. Travelers Companies’s quarterly revenue was up 11.7% compared to the same quarter last year. Analysts anticipate that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.75%. Travelers Companies’s payout ratio is presently 31.20%.

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.