CRA Financial Services LLC Decreases Stock Position in The Travelers Companies, Inc. $TRV

CRA Financial Services LLC lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,132 shares of the insurance provider’s stock after selling 52 shares during the period. CRA Financial Services LLC’s holdings in Travelers Companies were worth $303,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TRV. Cornerstone Planning Group LLC increased its holdings in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 84 shares during the period. Putney Financial Group LLC purchased a new position in Travelers Companies during the 4th quarter valued at about $26,000. Ameriflex Group Inc. purchased a new position in Travelers Companies during the 4th quarter valued at about $26,000. Greykasell Wealth Strategies Inc. purchased a new position in Travelers Companies during the 1st quarter valued at about $26,000. Finally, Flaharty Asset Management LLC purchased a new position in Travelers Companies during the 1st quarter valued at about $32,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of research analyst reports. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group boosted their price target on Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Citigroup initiated coverage on Travelers Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price target on the stock. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, Wells Fargo & Company upped their target price on Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $284.56.

Travelers Companies Stock Performance

TRV stock opened at $276.50 on Tuesday. The stock has a market capitalization of $62.25 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 3.18 and a beta of 0.53. The Travelers Companies, Inc. has a 12-month low of $224.62 and a 12-month high of $280.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock’s 50 day simple moving average is $268.52 and its 200 day simple moving average is $264.30.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data 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 business 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 18.68% and a net margin of 10.97%.The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.51 EPS. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be given a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio is 19.46%.

Insider Activity at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’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 value of $4,668,222.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction on Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the transaction, the executive vice president directly owned 18,416 shares in the company, valued at $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.