The Travelers Companies, Inc. $TRV Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 83.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,968 shares of the insurance provider’s stock after selling 20,086 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Travelers Companies were worth $1,062,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TRV. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Travelers Companies in the 1st quarter valued at about $26,000. Missouri Trust & Investment Co grew its stake in Travelers Companies by 122.2% in the second 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. Quaker Wealth Management LLC increased its holdings in Travelers Companies by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after buying an additional 208 shares during the last quarter. Nova Wealth Management Inc. bought a new stake in Travelers Companies in the second quarter valued at about $32,000. Finally, Golden State Wealth Management LLC raised its stake in Travelers Companies by 283.9% during the second quarter. Golden State Wealth Management LLC now owns 119 shares of the insurance provider’s stock valued at $32,000 after buying an additional 88 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Performance

Shares of TRV stock opened at $286.19 on Thursday. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $288.95. 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 firm has a market capitalization of $63.84 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The business has a 50 day simple moving average of $274.91 and a 200 day simple moving average of $269.31.

Travelers Companies (NYSE:TRV) last announced 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. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $11.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter in the previous year, the business earned $5.24 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.5%. Travelers Companies’s dividend payout ratio is presently 17.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TRV shares. Citigroup initiated coverage on Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price target for the company. Wells Fargo & Company reiterated a “positive” rating on shares of Travelers Companies in a research note on Friday, October 17th. Wall Street Zen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Finally, Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $291.31.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated 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 is available in the SEC filing. Insiders sold 50,392 shares of company stock worth $13,945,170 in the last 90 days. 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.