Graypoint LLC Sells 106 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Graypoint LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,120 shares of the insurance provider’s stock after selling 106 shares during the period. Graypoint LLC’s holdings in Travelers Companies were worth $825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 387 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in Travelers Companies during the 4th quarter valued at $276,000. Proficio Capital Partners LLC purchased a new position in Travelers Companies in the fourth quarter valued at about $399,000. Madison Investment Advisors LLC acquired a new position in Travelers Companies in the fourth quarter worth about $725,000. Finally, Axxcess Wealth Management LLC grew its holdings in shares of Travelers Companies by 16.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 6,223 shares of the insurance provider’s stock valued at $1,499,000 after purchasing an additional 886 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

TRV stock opened at $262.16 on Friday. The Travelers Companies, Inc. has a 12-month low of $202.95 and a 12-month high of $277.83. The stock has a 50-day moving average price of $266.00 and a two-hundred day moving average price of $256.07. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The company has a market cap of $59.21 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 3.72 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.02 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $2.51 EPS. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total value of $549,000.00. Following the completion of the sale, the insider directly owned 255,086 shares in the company, valued at approximately $70,021,107. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Avrohom J. Kess sold 23,434 shares of the company’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.93, for a total value of $6,419,275.62. Following the sale, the insider owned 48,387 shares of the company’s stock, valued at $13,254,650.91. The trade was a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 163,869 shares of company stock valued at $44,868,201. Corporate insiders own 1.46% of the company’s stock.

Analyst Ratings Changes

TRV has been the topic of several analyst reports. Wall Street Zen raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Barclays cut shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Evercore ISI increased their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $290.00 to $303.00 and gave the company an “outperform” rating in a research note on Wednesday, May 28th. Finally, Jefferies Financial Group raised their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $273.28.

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.