Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 99 Shares of The Travelers Companies, Inc. $TRV

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 4.9% during the second quarter, Holdings Channel reports. The fund owned 1,913 shares of the insurance provider’s stock after selling 99 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Travelers Companies were worth $512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Bearing Point Capital LLC increased its position in Travelers Companies by 2.0% during the 1st quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider’s stock worth $522,000 after buying an additional 38 shares during the period. Forum Financial Management LP increased its position in Travelers Companies by 0.9% during the 1st quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider’s stock worth $1,171,000 after buying an additional 39 shares during the period. Y.D. More Investments Ltd increased its position in 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 buying an additional 39 shares during the period. Park National Corp OH increased its position in Travelers Companies by 1.6% during the 2nd quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock worth $690,000 after buying an additional 40 shares during the period. Finally, ORG Partners LLC increased its position in Travelers Companies by 5.6% during the 2nd 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. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TRV shares. Wolfe Research started coverage on Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Citigroup assumed coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective on the stock. JPMorgan Chase & Co. raised their price target on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research report on Thursday, October 9th. Finally, Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $291.31.

Travelers Companies Stock Down 0.9%

Shares of NYSE TRV opened at $268.61 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $287.95. The stock has a market capitalization of $59.92 billion, a P/E ratio of 10.56, a PEG ratio of 2.38 and a beta of 0.51. The stock’s fifty day moving average is $273.86 and its 200 day moving average is $267.96.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating the consensus estimate of $6.01 by $2.13. The business had revenue of $11.47 billion for the quarter, compared to analyst estimates 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 was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $5.24 earnings per share. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is 17.30%.

Insider Activity

In related news, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This trade represents a 20.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. Additional details regarding this sale are available in the official SEC disclosure. Company 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.