GSB Wealth Management LLC Trims Position in The Travelers Companies, Inc. $TRV

GSB Wealth Management LLC lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,636 shares of the insurance provider’s stock after selling 92 shares during the quarter. GSB Wealth Management LLC’s holdings in Travelers Companies were worth $2,846,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TRV. GAMMA Investing LLC lifted its stake in shares of Travelers Companies by 31,132.9% during the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider’s stock worth $582,733,000 after purchasing an additional 2,196,426 shares during the period. Nuveen LLC purchased a new position in shares of Travelers Companies in the 1st quarter worth $294,755,000. Bahl & Gaynor Inc. raised its position in shares of Travelers Companies by 41.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock worth $444,101,000 after buying an additional 490,039 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock worth $511,631,000 after buying an additional 390,104 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Travelers Companies by 24.0% in the 1st quarter. AQR Capital Management LLC now owns 1,431,736 shares of the insurance provider’s stock worth $377,921,000 after buying an additional 276,850 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.2%

NYSE:TRV opened at $276.50 on Tuesday. The company has a market capitalization of $62.25 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 3.18 and a beta of 0.53. The Travelers Companies, Inc. has a one year low of $224.62 and a one year high of $280.70. The stock has a 50-day simple moving average of $268.52 and a 200 day simple moving average of $264.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $2.99. The business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $2.51 earnings per share. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 19.46%.

Insider Transactions at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the transaction, the executive vice president owned 18,416 shares of the company’s stock, valued at $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TRV has been the topic of several research reports. Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays lowered Travelers Companies from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Citigroup initiated coverage on Travelers Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 target price on the stock. Wells Fargo & Company increased their target price on Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Finally, Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, six 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 MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $284.56.

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.