The Travelers Companies, Inc. $TRV Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,927 shares of the insurance provider’s stock after selling 681 shares during the quarter. HB Wealth Management LLC’s holdings in Travelers Companies were worth $4,529,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TRV. Nuveen LLC acquired a new position in shares of Travelers Companies during the first quarter worth about $294,755,000. Bahl & Gaynor Inc. lifted its holdings in Travelers Companies by 41.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after purchasing an additional 490,039 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in 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 valued at $511,631,000 after purchasing an additional 390,104 shares in the last quarter. AQR Capital Management LLC lifted its holdings in 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 valued at $377,921,000 after purchasing an additional 276,850 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in Travelers Companies by 540.7% in the 1st quarter. Alyeska Investment Group L.P. now owns 320,345 shares of the insurance provider’s stock valued at $84,718,000 after purchasing an additional 270,345 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

TRV stock opened at $277.46 on Thursday. The stock has a market capitalization of $62.46 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 3.21 and a beta of 0.51. 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 1 year low of $224.62 and a 1 year high of $280.70. The stock’s fifty day moving average is $270.77 and its two-hundred day moving average is $265.18.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping 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 return on equity of 18.68% and a net margin of 10.97%.Travelers Companies’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.51 earnings per share. On average, research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on TRV. Wall Street Zen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Citigroup began coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective for the company. Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Wolfe Research assumed coverage on shares of Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Finally, Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $284.56.

Insider Activity

In other news, 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 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 $4,900,865.92. The trade was a 38.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’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 value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

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.