Waldron Private Wealth LLC Sells 303 Shares of The Travelers Companies, Inc. $TRV

Waldron Private Wealth LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 20.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,215 shares of the insurance provider’s stock after selling 303 shares during the period. Waldron Private Wealth LLC’s holdings in Travelers Companies were worth $325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Valeo Financial Advisors LLC increased its holdings in shares of Travelers Companies by 71,265.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after buying an additional 3,611,758 shares during the last quarter. Nuveen LLC bought a new stake in shares of Travelers Companies in the 1st quarter worth about $294,755,000. Bahl & Gaynor Inc. increased its holdings in shares of Travelers Companies by 41.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock worth $444,101,000 after buying an additional 490,039 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock worth $511,631,000 after buying an additional 390,104 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Travelers Companies by 86.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider’s stock worth $197,686,000 after buying an additional 342,666 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. Barclays set a $313.00 target price on shares of Travelers Companies in a report on Wednesday, October 8th. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Wells Fargo & Company reiterated a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Two research analysts have 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 stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $291.31.

Travelers Companies Price Performance

Travelers Companies stock opened at $269.98 on Monday. The stock has a market cap of $60.22 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 2.44 and a beta of 0.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $287.95. The firm has a 50-day moving average of $274.13 and a two-hundred day moving average of $267.34.

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

Travelers Companies Announces Dividend

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

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were 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 Securities & Exchange Commission, which is available through the SEC website. 1.46% of the stock is currently owned by company insiders.

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.