SVB Wealth LLC Sells 1,906 Shares of The Travelers Companies, Inc. $TRV

SVB Wealth LLC lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 58.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,355 shares of the insurance provider’s stock after selling 1,906 shares during the period. SVB Wealth LLC’s holdings in Travelers Companies were worth $363,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Avalon Trust Co raised its holdings in Travelers Companies by 23.4% during the second quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock valued at $2,018,000 after buying an additional 1,429 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Travelers Companies by 25.4% during the 1st quarter. BNP Paribas Financial Markets now owns 480,633 shares of the insurance provider’s stock valued at $127,108,000 after acquiring an additional 97,247 shares during the last quarter. Focus Partners Advisor Solutions LLC increased its holdings in shares of Travelers Companies by 54.1% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 8,838 shares of the insurance provider’s stock valued at $2,337,000 after acquiring an additional 3,101 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Travelers Companies by 168.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,278 shares of the insurance provider’s stock valued at $36,568,000 after acquiring an additional 86,689 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in Travelers Companies by 11.3% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 54,430 shares of the insurance provider’s stock worth $14,404,000 after purchasing an additional 5,508 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TRV shares. Barclays set a $313.00 target price on Travelers Companies in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a report on Thursday, October 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th. Finally, UBS Group upped their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $292.73.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $278.29 on Thursday. 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 company has a market cap of $62.08 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 2.74 and a beta of 0.53. The firm has a fifty day moving average price of $279.18 and a two-hundred day moving average price of $271.93. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $296.85.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter in the previous year, the firm posted $5.24 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. Analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

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

Insider Buying and Selling at Travelers Companies

In related news, EVP Michael Frederick Klein sold 8,572 shares of the stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This represents a 20.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Daniel S. Frey sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total value of $6,956,250.00. Following the transaction, the chief financial officer owned 26,932 shares of the company’s stock, valued at $7,493,829. This trade represents a 48.14% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 46,295 shares of company stock worth $13,011,918. 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.