Spire Wealth Management Sells 328 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Spire Wealth Management lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 10.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,720 shares of the insurance provider’s stock after selling 328 shares during the quarter. Spire Wealth Management’s holdings in Travelers Companies were worth $553,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Northwest Financial Advisors purchased a new position in shares of Travelers Companies during the 4th quarter worth about $32,000. Pathway Financial Advisers LLC purchased a new position in shares of Travelers Companies during the first quarter valued at approximately $35,000. Beacon Capital Management LLC boosted its position in shares of Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the period. Private Wealth Management Group LLC bought a new position in shares of Travelers Companies during the fourth quarter valued at approximately $39,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Travelers Companies in the first quarter worth approximately $42,000. 82.45% of the stock is currently owned by institutional investors.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Bank of America upped their price target on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a report on Monday, July 22nd. Piper Sandler decreased their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a research note on Monday, July 22nd. Finally, Citigroup lifted their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $223.78.

Travelers Companies Trading Up 0.8 %

NYSE:TRV opened at $228.07 on Monday. The firm has a 50 day moving average of $212.42 and a 200 day moving average of $215.85. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The stock has a market capitalization of $51.98 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.18 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. During the same quarter in the prior year, the company posted $0.06 EPS. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.84%. Travelers Companies’s payout ratio is 31.20%.

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.