The Travelers Companies, Inc. $TRV Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 20,404 shares of the insurance provider’s stock after selling 1,057 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Travelers Companies were worth $5,459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Y.D. More Investments Ltd grew its holdings in shares of Travelers Companies by 13.9% during the 1st quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock worth $84,000 after purchasing an additional 39 shares during the period. Park National Corp OH lifted its position in Travelers Companies by 1.6% during the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock valued at $690,000 after buying an additional 40 shares in the last quarter. ORG Partners LLC grew its stake in Travelers Companies by 5.6% during the second quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock worth $207,000 after buying an additional 41 shares during the period. Park Place Capital Corp increased its position in shares of Travelers Companies by 33.1% in the second quarter. Park Place Capital Corp now owns 165 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 41 shares in the last quarter. Finally, Baker Avenue Asset Management LP increased its position in shares of Travelers Companies by 0.3% in the first quarter. Baker Avenue Asset Management LP now owns 14,182 shares of the insurance provider’s stock worth $3,751,000 after acquiring an additional 45 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Travelers Companies stock opened at $294.44 on Thursday. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $296.85. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a market cap of $65.68 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The stock has a 50 day moving average of $277.51 and a 200-day moving average of $270.87.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same period in the prior year, the company posted $5.24 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is 17.30%.

Analyst Upgrades and Downgrades

TRV has been the topic of several recent research reports. The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Citigroup initiated coverage on Travelers Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research note on Thursday, October 9th. Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $292.73.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the transaction, the chief financial officer owned 26,932 shares of the company’s stock, valued at $7,493,829. This trade represents a 48.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of Travelers Companies stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. The trade was a 20.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 37,375 shares of company stock valued at $10,374,006. Insiders own 1.46% of the company’s stock.

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.