Claro Advisors LLC Sells 225 Shares of The Travelers Companies, Inc. $TRV

Claro Advisors LLC lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,109 shares of the insurance provider’s stock after selling 225 shares during the period. Claro Advisors LLC’s holdings in Travelers Companies were worth $1,634,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Cassaday & Co Wealth Management LLC bought a new position in Travelers Companies in the 2nd quarter worth approximately $205,000. NewSquare Capital LLC raised its position in Travelers Companies by 61.3% in the 2nd quarter. NewSquare Capital LLC now owns 129 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 49 shares during the last quarter. Levin Capital Strategies L.P. raised its position in Travelers Companies by 10.6% in the 2nd quarter. Levin Capital Strategies L.P. now owns 10,433 shares of the insurance provider’s stock worth $2,791,000 after purchasing an additional 1,000 shares during the last quarter. Bridgewater Advisors Inc. raised its position in Travelers Companies by 8.1% in the 2nd quarter. Bridgewater Advisors Inc. now owns 2,087 shares of the insurance provider’s stock worth $542,000 after purchasing an additional 157 shares during the last quarter. Finally, Westside Investment Management Inc. raised its position in Travelers Companies by 42.8% in the 2nd quarter. Westside Investment Management Inc. now owns 217 shares of the insurance provider’s stock worth $58,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 8,572 shares of the stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the sale, the executive vice president owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This represents a 20.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The SEC filing for this sale provides additional information. Corporate insiders own 1.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on TRV shares. JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a research note on Friday, October 17th. Finally, Piper Sandler lifted their price objective on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $291.31.

Travelers Companies Price Performance

Shares of TRV stock opened at $277.14 on Wednesday. The firm has a market capitalization of $61.82 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 2.38 and a beta of 0.51. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $287.95. The firm has a fifty day moving average of $273.87 and a 200-day moving average of $268.42.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company had revenue of $11.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. During the same period in the prior year, the business posted $5.24 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio is presently 17.30%.

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.