Cwm LLC Cuts Position in The Travelers Companies, Inc. $TRV

Cwm LLC decreased its position in The Travelers Companies, Inc. (NYSE:TRV) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 121,385 shares of the insurance provider’s stock after selling 299 shares during the quarter. Cwm LLC’s holdings in Travelers Companies were worth $32,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bearing Point Capital LLC boosted its stake in Travelers Companies by 2.0% in the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider’s stock valued at $522,000 after acquiring an additional 38 shares in the last quarter. Forum Financial Management LP boosted its stake in Travelers Companies by 0.9% in the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider’s stock valued at $1,171,000 after acquiring an additional 39 shares in the last quarter. Y.D. More Investments Ltd boosted its stake in Travelers Companies by 13.9% in the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock valued at $84,000 after acquiring an additional 39 shares in the last quarter. Park National Corp OH boosted its stake in Travelers Companies by 1.6% in the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock valued at $690,000 after acquiring an additional 40 shares in the last quarter. Finally, ORG Partners LLC boosted its stake in Travelers Companies by 5.6% in the second quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock valued at $207,000 after acquiring an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction dated 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 directly owned 18,416 shares of the company’s stock, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction dated Friday, August 22nd. The shares were 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. Company insiders own 1.46% of the company’s stock.

Travelers Companies Trading Down 1.6%

NYSE TRV opened at $269.92 on Monday. The stock has a market capitalization of $60.77 billion, a P/E ratio of 11.94, a P/E/G ratio of 3.08 and a beta of 0.51. The Travelers Companies, Inc. has a 52-week low of $230.23 and a 52-week high of $287.95. The firm has a 50-day moving average price of $273.66 and a 200 day moving average price of $266.18. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.51 earnings per share. Equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is 19.46%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TRV. Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Wall Street Zen upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup began coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price for the company. Wells Fargo & Company increased their target price on shares of Travelers Companies from $275.00 to $291.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Travelers Companies in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $290.11.

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.