Ballentine Partners LLC Sells 179 Shares of The Travelers Companies, Inc. $TRV

Ballentine Partners LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,626 shares of the insurance provider’s stock after selling 179 shares during the period. Ballentine Partners LLC’s holdings in Travelers Companies were worth $3,378,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its holdings in Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 84 shares during the period. Greykasell Wealth Strategies Inc. bought a new stake in Travelers Companies during the first quarter valued at about $26,000. Ameriflex Group Inc. bought a new stake in Travelers Companies during the fourth quarter valued at about $26,000. Nova Wealth Management Inc. bought a new stake in Travelers Companies during the second quarter valued at about $32,000. Finally, Flaharty Asset Management LLC bought a new stake in Travelers Companies during the first quarter valued at about $32,000. 82.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TRV shares. Wolfe Research started coverage on shares of Travelers Companies in a research note on Monday, September 15th. They issued a “peer perform” rating for the company. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Barclays cut shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Wells Fargo & Company increased their target price on shares of Travelers Companies from $264.00 to $275.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $284.56.

Insider Buying and Selling

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 disclosure for this sale can be found here. Insiders own 1.46% of the company’s stock.

Travelers Companies Stock Down 0.0%

Shares of TRV opened at $276.11 on Wednesday. The stock has a market cap of $62.16 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 3.17 and a beta of 0.53. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12 month low of $224.62 and a 12 month high of $280.70. The company has a 50-day moving average price of $269.03 and a two-hundred day moving average price of $264.38.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $2.99. The firm had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.51 earnings per share. Equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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

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.