2 days Ago By ABMN Staff
Parallel Advisors LLC lessened its position in The Travelers Companies, Inc. ( NYSE:TRV – Free Report ) by 18.2% during the second quarter, according to its most recent 13F filing with the SEC.
The institutional investor owned 6,543 shares of the insurance provider’s stock after selling 1,455 shares during the period. Parallel Advisors LLC’s holdings in Travelers Companies were worth $1,330,000 at the end of the most recent reporting period. Several other institutional investors have also modified their holdings of the company.
Drive Wealth Management LLC lifted its holdings in Travelers Companies by 2.8% in the 2nd quarter. Drive Wealth Management LLC now owns 1,771 shares of the insurance provider’s stock valued at $360,000 after acquiring an additional 48 shares during the last quarter.
Wealth Quarterback LLC boosted its holdings in Travelers Companies by 1.1% during the fourth quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock worth $825,000 after buying an additional 49 shares in the last quarter.
Kapitalo Investimentos Ltda grew its position in Travelers Companies by 24.1% in the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock worth $48,000 after buying an additional 49 shares during the last quarter.
Massmutual Trust Co. FSB ADV increased its holdings in shares of Travelers Companies by 9.8% in the first quarter.
Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock valued at $129,000 after buying an additional 50 shares in the last quarter. Finally, Norwood Financial Corp lifted its position in shares of Travelers Companies by 16.
1% during the 1st quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock valued at $83,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 82.
45% of the company’s stock. Analyst Ratings Changes A number of brokerages recently issued reports on TRV. StockNews.
com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup upped their price objective on shares of Travelers Companies from $200.00 to $203.
00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Travelers Companies from $221.00 to $234.
00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and reduced their price target for the company from $252.00 to $230.
00 in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $220.
00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company.
According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $227.05.
Insider Activity at Travelers Companies In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.
00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12.
The sale was disclosed in a filing with the SEC, which is available at the SEC website . 1.33% of the stock is owned by company insiders.
Travelers Companies Price Performance NYSE TRV opened at $237.83 on Monday. The company has a quick ratio of 0.
33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32.
The stock has a market capitalization of $54.21 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 1.
22 and a beta of 0.62. The Travelers Companies, Inc.
has a 12-month low of $157.33 and a 12-month high of $242.89.
The company has a 50 day moving average price of $218.12 and a two-hundred day moving average price of $216.82.
Travelers Companies ( NYSE:TRV – Get Free Report ) last released its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.
23 by ($0.72). The business had revenue of $11.
28 billion during the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a net margin of 8.
37% and a return on equity of 15.90%. The firm’s revenue for the quarter was up 11.
7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 EPS.
As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.19 earnings per share for the current fiscal year.
Travelers Companies Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $1.05 per share.
This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.77%.
The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is 31.20%.
About Travelers Companies ( Free Report ) 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. Featured Stories Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.
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