Vestmark Advisory Solutions Inc. Trims Holdings in The Travelers Companies, Inc. $TRV

Vestmark Advisory Solutions Inc. trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 48.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,487 shares of the insurance provider’s stock after selling 8,915 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Travelers Companies were worth $2,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TRV. Greykasell Wealth Strategies Inc. bought a new position in shares of Travelers Companies during the first quarter valued at approximately $26,000. Missouri Trust & Investment Co raised 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 acquiring an additional 55 shares during the last quarter. Quaker Wealth Management LLC lifted its position in Travelers Companies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 208 shares in the last quarter. Nova Wealth Management Inc. purchased a new stake in Travelers Companies during the 2nd quarter valued at $32,000. Finally, Golden State Wealth Management LLC increased its holdings in shares of Travelers Companies by 283.9% in the 2nd quarter. Golden State Wealth Management LLC now owns 119 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TRV shares. Citigroup assumed coverage on Travelers Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price target on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Travelers Companies in a research report on Friday, October 17th. Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. Barclays set a $313.00 price target on shares of Travelers Companies in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $291.31.

Insider Buying and Selling at Travelers Companies

In related news, CFO Daniel S. Frey sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the completion of the transaction, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,493,829. The trade was a 48.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 50,392 shares of company stock valued at $13,945,170. Company insiders own 1.46% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $279.52 on Monday. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $287.95. The firm has a market capitalization of $62.35 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $274.23 and a 200 day moving average of $268.85.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $11.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same period last year, the firm earned $5.24 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, research analysts anticipate 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. Investors of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies’s payout ratio is 17.30%.

Travelers Companies Company 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.