The Travelers Companies, Inc. $TRV Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,480 shares of the insurance provider’s stock after purchasing an additional 196 shares during the quarter. Wealthfront Advisers LLC’s holdings in Travelers Companies were worth $5,479,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cornerstone Planning Group LLC lifted its position in 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 buying an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Travelers Companies in the 1st quarter valued at approximately $26,000. Missouri Trust & Investment Co lifted its holdings in shares of Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in shares of Travelers Companies during the 1st quarter worth approximately $32,000. Finally, Nova Wealth Management Inc. acquired a new stake in Travelers Companies in the 2nd quarter valued at approximately $32,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Down 0.8%

NYSE TRV opened at $268.30 on Wednesday. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $287.95. The firm has a 50 day moving average of $274.22 and a two-hundred day moving average of $267.65. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $59.85 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 2.43 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. The firm had revenue of $11.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.24 earnings per share. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS 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. Stockholders of record on Wednesday, December 10th will be issued a $1.10 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio is presently 17.30%.

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 that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRV. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, October 20th. JPMorgan Chase & Co. lifted their target price on Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research report on Thursday, October 9th. Barclays set a $313.00 price target on shares of Travelers Companies in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $291.31.

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.