The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Wealth Alliance

Wealth Alliance lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,526 shares of the insurance provider’s stock after selling 206 shares during the quarter. Wealth Alliance’s holdings in Travelers Companies were worth $920,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TRV. JPMorgan Chase & Co. lifted its holdings in Travelers Companies by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after purchasing an additional 3,158,979 shares during the period. Norges Bank acquired a new stake in Travelers Companies in the 4th quarter valued at about $282,593,000. Acadian Asset Management LLC lifted its holdings in Travelers Companies by 356.4% in the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock valued at $176,589,000 after acquiring an additional 678,241 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Travelers Companies in the 1st quarter valued at about $88,190,000. Finally, Point72 Asset Management L.P. lifted its holdings in Travelers Companies by 6,167.2% in 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 acquiring an additional 328,527 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Trading Down 0.8 %

NYSE:TRV opened at $239.72 on Thursday. The stock’s 50 day moving average price is $220.31 and its 200 day moving average price is $217.29. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $243.48. The company has a market capitalization of $54.89 billion, a P/E ratio of 17.81, a P/E/G ratio of 1.22 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same quarter in the prior year, the company posted $0.06 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.75%. Travelers Companies’s dividend payout ratio is currently 31.20%.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research analyst reports. Morgan Stanley cut their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. TD Cowen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $252.00 to $230.00 in a research note on Monday, July 15th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th. Finally, William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Four research analysts have rated the stock with a sell rating, fourteen have assigned 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, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $227.05.

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.