Principle Wealth Partners LLC Lowers Stock Position in The Travelers Companies, Inc. $TRV

Principle Wealth Partners LLC cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,377 shares of the insurance provider’s stock after selling 620 shares during the period. Principle Wealth Partners LLC’s holdings in Travelers Companies were worth $4,114,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its holdings in Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in Travelers Companies in the 1st quarter worth approximately $26,000. Missouri Trust & Investment Co lifted its holdings in Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in Travelers Companies in the 1st quarter worth approximately $32,000. Finally, Nova Wealth Management Inc. purchased a new position in Travelers Companies in the 2nd quarter worth approximately $32,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wolfe Research assumed coverage on Travelers Companies in a report on Monday, September 15th. They issued a “peer perform” rating on the stock. UBS Group lifted their price objective on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Travelers Companies in a research note on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $291.31.

Travelers Companies Stock Performance

NYSE TRV opened at $268.45 on Thursday. The company has a market cap of $59.88 billion, a P/E ratio of 10.56, a P/E/G ratio of 2.52 and a beta of 0.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The business’s 50 day moving average price is $274.03 and its 200-day moving average price is $266.52. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $287.95.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating the consensus estimate of $6.01 by $2.13. The firm had revenue of $11.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.24 EPS. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies’s payout ratio is currently 17.30%.

Insider Buying and Selling at Travelers Companies

In other news, 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.46% of the company’s stock.

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.