NewEdge Advisors LLC Lowers Holdings in The Travelers Companies, Inc. $TRV

NewEdge Advisors LLC decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 72.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 8,799 shares of the insurance provider’s stock after selling 23,000 shares during the period. NewEdge Advisors LLC’s holdings in Travelers Companies were worth $2,567,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TRV. HHM Wealth Advisors LLC boosted its position in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Travelers Companies in the first quarter valued at approximately $26,000. Kemnay Advisory Services Inc. purchased a new position in Travelers Companies during the 4th quarter worth $26,000. Osterweis Capital Management Inc. grew its stake in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Travelers Companies during the 4th quarter worth approximately $28,000. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TRV. Wells Fargo & Company increased their price objective on Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Cantor Fitzgerald upped their price objective on Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. HSBC raised their target price on Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Finally, Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a report on Tuesday, May 26th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Stock Performance

NYSE TRV opened at $370.32 on Friday. 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 stock’s fifty day moving average is $344.64 and its two-hundred day moving average is $314.87. The firm has a market capitalization of $77.24 billion, a P/E ratio of 9.92, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period last year, the company earned $6.51 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, research analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s payout ratio is currently 13.39%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 4,164 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $386.71, for a total value of $1,610,260.44. Following the transaction, the executive vice president owned 5,298 shares of the company’s stock, valued at $2,048,789.58. This represents a 44.01% 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 David Donnay Rowland sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the completion of the transaction, the executive vice president owned 10,479 shares in the company, valued at approximately $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 62,667 shares of company stock worth $22,688,329 in the last 90 days. Insiders own 1.39% of the company’s stock.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.