Wealthfront Advisers LLC lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV – Get Rating) by 17.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,003 shares of the insurance provider’s stock after selling 4,111 shares during the quarter. Wealthfront Advisers LLC’s holdings in Travelers Companies were worth $3,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of the business. Cookson Peirce & Co. Inc. increased its position in Travelers Companies by 36.5% during the second quarter. Cookson Peirce & Co. Inc. now owns 183,694 shares of the insurance provider’s stock valued at $31,068,000 after acquiring an additional 49,099 shares during the last quarter. Donald L. Hagan LLC increased its position in Travelers Companies by 11.0% during the second quarter. Donald L. Hagan LLC now owns 4,273 shares of the insurance provider’s stock valued at $723,000 after acquiring an additional 423 shares during the last quarter. Monte Financial Group LLC increased its position in Travelers Companies by 1.7% during the second quarter. Monte Financial Group LLC now owns 25,912 shares of the insurance provider’s stock valued at $4,382,000 after acquiring an additional 428 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Travelers Companies by 4.0% during the second quarter. Commonwealth Equity Services LLC now owns 113,262 shares of the insurance provider’s stock valued at $19,156,000 after acquiring an additional 4,357 shares during the last quarter. Finally, Toews Corp ADV purchased a new stake in Travelers Companies during the second quarter valued at $1,167,000. Hedge funds and other institutional investors own 82.39% of the company’s stock.
Insider Activity at Travelers Companies
In related news, EVP Mojgan M. Lefebvre sold 2,945 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $168.33, for a total transaction of $495,731.85. Following the completion of the transaction, the executive vice president now directly owns 1,020 shares of the company’s stock, valued at $171,696.60. The sale was disclosed in a filing with the SEC, which is available through this link. 1.07% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research firms recently commented on TRV. Morgan Stanley reduced their price objective on Travelers Companies from $181.00 to $175.00 and set an “equal weight” rating for the company in a research report on Friday, August 19th. Royal Bank of Canada cut their price target on Travelers Companies from $183.00 to $165.00 in a report on Friday, July 22nd. Raymond James raised Travelers Companies from a “market perform” rating to a “strong-buy” rating and set a $185.00 price target for the company in a report on Monday, July 25th. UBS Group cut their price target on Travelers Companies from $184.00 to $169.00 and set a “neutral” rating for the company in a report on Monday, July 25th. Finally, Barclays cut their price target on Travelers Companies from $184.00 to $177.00 and set an “equal weight” rating for the company in a report on Thursday, July 14th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $174.60.
Travelers Companies Stock Performance
NYSE TRV opened at $153.20 on Friday. The firm has a market cap of $36.36 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 2.83 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $162.54 and a 200-day moving average price of $169.50. The Travelers Companies, Inc. has a twelve month low of $145.40 and a twelve month high of $187.98.
Travelers Companies (NYSE:TRV – Get Rating) last released its quarterly earnings data on Thursday, July 21st. The insurance provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. The firm had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.29 billion. Travelers Companies had a return on equity of 13.64% and a net margin of 9.97%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.45 earnings per share. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 13.61 EPS for the current fiscal year.
Travelers Companies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, September 8th. Travelers Companies’s payout ratio is presently 25.82%.
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.
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