The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,414 shares of the insurance provider’s stock after selling 49 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Travelers Companies were worth $1,101,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRV. Nordea Investment Management AB grew its position in shares of Travelers Companies by 38.7% in the 1st quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock worth $78,689,000 after acquiring an additional 95,451 shares in the last quarter. Focus Financial Network Inc. ADV acquired a new stake in shares of Travelers Companies during the fourth quarter worth $1,973,000. Cetera Investment Advisers lifted its position in shares of Travelers Companies by 356.3% in the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after buying an additional 35,560 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Travelers Companies by 100.9% in the 4th quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after buying an additional 25,575 shares during the period. Finally, Bank of Nova Scotia grew its position in shares of Travelers Companies by 552.8% during the 4th quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock valued at $31,631,000 after buying an additional 140,622 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TRV shares. Piper Sandler cut their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft raised their price target on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. William Blair restated a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Citigroup raised their target price on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $225.00 price target on shares of Travelers Companies in a research report on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $227.05.

Insider Buying and Selling

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

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $237.59 on Friday. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $243.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a fifty day moving average price of $220.88 and a two-hundred day moving average price of $217.43. The firm has a market cap of $54.15 billion, a P/E ratio of 17.65, a PEG ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (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 for the quarter, compared to analyst estimates of $11.35 billion. During the same period in the previous year, the firm earned $0.06 earnings per share. Travelers Companies’s revenue was up 11.7% on a year-over-year basis. Research analysts forecast that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced 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 is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.77%. Travelers Companies’s payout ratio is currently 31.20%.

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.