Castle Rock Wealth Management LLC Has $209,000 Stake in The Travelers Companies, Inc. $TRV

Castle Rock Wealth Management LLC decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 10.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 787 shares of the insurance provider’s stock after selling 90 shares during the period. Castle Rock Wealth Management LLC’s holdings in Travelers Companies were worth $209,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cornerstone Planning Group LLC grew its position in shares of Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after buying an additional 84 shares during the period. Greykasell Wealth Strategies Inc. bought a new position in Travelers Companies during the 1st quarter worth approximately $26,000. Missouri Trust & Investment Co boosted its stake in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Flaharty Asset Management LLC bought a new position in Travelers Companies during the 1st quarter worth approximately $32,000. Finally, Nova Wealth Management Inc. bought a new position in Travelers Companies during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV opened at $282.80 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a twelve month low of $227.02 and a twelve month high of $287.95. The firm’s 50 day moving average price is $273.15 and its two-hundred day moving average price is $265.96. The firm has a market cap of $63.67 billion, a P/E ratio of 12.51, a PEG ratio of 3.27 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.51 earnings per share. On average, analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 10th. Travelers Companies’s payout ratio is currently 19.46%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barclays set a $313.00 price objective on shares of Travelers Companies in a research note on Wednesday. Weiss Ratings reissued a “buy (b+)” rating on shares of Travelers Companies in a research note on Saturday, September 27th. Wolfe Research assumed coverage on shares of Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating on the stock. Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Finally, Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $288.67.

Insiders Place Their Bets

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the sale, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.46% of the company’s stock.

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.