Buckley Wealth Management LLC Lowers Stake in Travelers Companies Inc (NYSE:TRV)

Buckley Wealth Management LLC cut its position in shares of Travelers Companies Inc (NYSE:TRV) by 12.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,422 shares of the insurance provider’s stock after selling 350 shares during the quarter. Buckley Wealth Management LLC’s holdings in Travelers Companies were worth $360,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Travelers Companies by 0.4% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 45,261 shares of the insurance provider’s stock worth $6,767,000 after buying an additional 200 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Travelers Companies by 1.0% during the second quarter. Parametric Portfolio Associates LLC now owns 1,536,731 shares of the insurance provider’s stock worth $229,772,000 after buying an additional 15,243 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Travelers Companies by 26.2% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 42,376 shares of the insurance provider’s stock worth $6,336,000 after buying an additional 8,800 shares in the last quarter. Douglas Lane & Associates LLC grew its holdings in shares of Travelers Companies by 6.5% during the second quarter. Douglas Lane & Associates LLC now owns 2,080 shares of the insurance provider’s stock worth $311,000 after buying an additional 127 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Travelers Companies by 9.1% in the second quarter. Sequoia Financial Advisors LLC now owns 2,452 shares of the insurance provider’s stock valued at $367,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 81.39% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Travelers Companies from $140.00 to $136.00 and set an “underweight” rating for the company in a report on Thursday, August 15th. Bank of America downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $156.00 target price for the company. in a report on Wednesday, September 18th. Barclays lowered their target price on shares of Travelers Companies from $177.00 to $174.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. ValuEngine downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Deutsche Bank downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 target price for the company. in a report on Thursday, June 27th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $149.08.

TRV stock traded up $0.89 during midday trading on Friday, reaching $142.45. 81,215 shares of the company’s stock traded hands, compared to its average volume of 1,220,789. The company has a market capitalization of $36.62 billion, a P/E ratio of 15.95, a PEG ratio of 1.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.38 and a quick ratio of 0.38. Travelers Companies Inc has a fifty-two week low of $111.08 and a fifty-two week high of $155.09. The business has a 50-day moving average price of $146.65 and a two-hundred day moving average price of $145.93.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.30). The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.03 billion. Travelers Companies had a net margin of 8.65% and a return on equity of 10.73%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $1.81 earnings per share. As a group, research analysts forecast that Travelers Companies Inc will post 10.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.82 per share. The ex-dividend date was Monday, September 9th. This represents a $3.28 dividend on an annualized basis and a yield of 2.30%. Travelers Companies’s dividend payout ratio (DPR) is 36.69%.

In other Travelers Companies news, Vice Chairman William H. Heyman sold 7,500 shares of Travelers Companies stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $149.50, for a total transaction of $1,121,250.00. Following the transaction, the insider now directly owns 242,245 shares of the company’s stock, valued at $36,215,627.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 5,000 shares of Travelers Companies stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $150.75, for a total transaction of $753,750.00. Following the transaction, the insider now directly owns 244,745 shares in the company, valued at $36,895,308.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,566 shares of company stock worth $8,347,056. 0.73% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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