The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 89.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,157 shares of the insurance provider’s stock after selling 103,444 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Travelers Companies were worth $2,472,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwest Financial Advisors purchased a new stake in Travelers Companies during the fourth quarter worth approximately $32,000. Pathway Financial Advisers LLC purchased a new stake in Travelers Companies during the first quarter worth approximately $35,000. Beacon Capital Management LLC lifted its stake in Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares during the last quarter. Private Wealth Management Group LLC purchased a new stake in Travelers Companies during the fourth quarter worth approximately $39,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Travelers Companies during the first quarter worth approximately $42,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.8 %

Shares of TRV stock opened at $228.07 on Tuesday. The business’s fifty day moving average price is $212.76 and its 200 day moving average price is $215.91. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. The firm has a market capitalization of $51.98 billion, a PE ratio of 16.94, a P/E/G ratio of 1.18 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

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

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TRV. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Citigroup boosted their price objective on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. TD Cowen cut Travelers Companies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $223.78.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.33% of the stock is owned by corporate 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.