The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 107,657 shares of the insurance provider’s stock after selling 5,443 shares during the period. Commonwealth Equity Services LLC’s holdings in Travelers Companies were worth $21,891,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Northwest Financial Advisors acquired a new stake in shares of Travelers Companies in the 4th quarter worth about $32,000. Pathway Financial Advisers LLC acquired a new stake in shares of Travelers Companies in the 1st quarter worth about $35,000. Beacon Capital Management LLC increased its holdings in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares during the period. Private Wealth Management Group LLC acquired a new stake in shares of Travelers Companies in the 4th quarter worth about $39,000. Finally, Opal Wealth Advisors LLC bought a new position in Travelers Companies in the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV opened at $228.07 on Tuesday. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The company has a 50-day moving average of $212.76 and a two-hundred day moving average of $215.91. The stock has a market cap of $51.98 billion, a price-to-earnings ratio of 16.94, a PEG 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 earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). The firm had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 earnings per share. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend 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 Analysts Forecast Growth

A number of brokerages recently issued reports on TRV. Piper Sandler decreased their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. JPMorgan Chase & Co. increased their target price on shares of 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 increased their target price on shares of Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research report on Monday, July 22nd. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Finally, Citigroup increased their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $223.78.

Insider Transactions at Travelers Companies

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

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.