Allworth Financial LP Acquires 2,101 Shares of The Travelers Companies, Inc. $TRV

Allworth Financial LP lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 33.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,462 shares of the insurance provider’s stock after acquiring an additional 2,101 shares during the period. Allworth Financial LP’s holdings in Travelers Companies were worth $2,264,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC grew its holdings in Travelers Companies by 71,265.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock valued at $967,646,000 after buying an additional 3,611,758 shares in the last quarter. Nuveen LLC bought a new position in shares of Travelers Companies during the first quarter worth $294,755,000. Bahl & Gaynor Inc. boosted its position in shares of Travelers Companies by 41.2% during 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 during the last quarter. Goldman Sachs Group Inc. grew its stake in Travelers Companies by 25.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after acquiring an additional 390,104 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Travelers Companies by 86.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider’s stock valued at $197,686,000 after acquiring an additional 342,666 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 50,392 shares of company stock worth $13,945,170. 1.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th. Wolfe Research assumed coverage on Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating for the company. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. upped their price objective on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a report on Thursday, October 9th. Finally, Wells Fargo & Company reissued a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $291.31.

Travelers Companies Stock Up 0.1%

NYSE TRV opened at $286.19 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $288.95. The firm has a market capitalization of $63.84 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 2.38 and a beta of 0.55. The company has a fifty day moving average of $274.91 and a two-hundred day moving average of $269.31.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) 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 firm had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same quarter last year, the business earned $5.24 EPS. The business’s revenue was up 4.8% on a year-over-year basis. On average, analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio is currently 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.