The Travelers Companies, Inc. $TRV Shares Sold by Alhambra Investment Management LLC

Alhambra Investment Management LLC lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,330 shares of the insurance provider’s stock after selling 50 shares during the quarter. Alhambra Investment Management LLC’s holdings in Travelers Companies were worth $623,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of TRV. Vanguard Group Inc. raised its position in Travelers Companies by 0.5% in the first quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider’s stock worth $5,747,656,000 after acquiring an additional 115,808 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Travelers Companies by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider’s stock worth $899,988,000 after acquiring an additional 25,573 shares in the last quarter. GAMMA Investing LLC raised its position in Travelers Companies by 31,132.9% in the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider’s stock worth $582,733,000 after acquiring an additional 2,196,426 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Travelers Companies by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock worth $511,631,000 after acquiring an additional 390,104 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its position in Travelers Companies by 41.2% in the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock worth $444,101,000 after acquiring an additional 490,039 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TRV. Keefe, Bruyette & Woods boosted their price target on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Wells Fargo & Company boosted their price objective on Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Wolfe Research began coverage on Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Finally, Citigroup began coverage on Travelers Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $284.56.

Insider Transactions at Travelers Companies

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the company’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the transaction, the executive vice president owned 18,416 shares in the company, valued at $4,900,865.92. This represents a 38.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

Shares of TRV opened at $276.11 on Wednesday. The company has a market capitalization 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 Travelers Companies, Inc. has a fifty-two week low of $224.62 and a fifty-two week high of $280.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The business’s 50-day moving average is $269.03 and its 200-day moving average is $264.38.

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

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be issued 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 dividend payout ratio is currently 19.46%.

About Travelers Companies

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.