Stephens Inc. AR Sells 506 Shares of The Travelers Companies, Inc. $TRV

Stephens Inc. AR cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 4.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 10,585 shares of the insurance provider’s stock after selling 506 shares during the quarter. Stephens Inc. AR’s holdings in Travelers Companies were worth $2,832,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its holdings in shares of Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 84 shares during the period. Greykasell Wealth Strategies Inc. acquired a new position in shares of Travelers Companies in the first quarter valued at about $26,000. Missouri Trust & Investment Co increased its holdings in shares of Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Flaharty Asset Management LLC acquired a new position in shares of Travelers Companies in the first quarter valued at about $32,000. Finally, Nova Wealth Management Inc. acquired a new position in shares of Travelers Companies in the second quarter valued at about $32,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th. Wolfe Research began coverage on Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Finally, Morgan Stanley increased their price target on Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. 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 one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $291.31.

Travelers Companies Trading Down 0.3%

TRV opened at $268.45 on Thursday. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $287.95. The stock has a market capitalization of $59.88 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 2.52 and a beta of 0.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The business has a fifty day moving average price of $274.03 and a 200 day moving average price of $266.52.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. The firm had revenue of $11.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.Travelers Companies’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $5.24 EPS. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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 issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s payout ratio is presently 17.30%.

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.