AE Wealth Management LLC Has $512,000 Stock Holdings in The Travelers Companies, Inc. $TRV

AE Wealth Management LLC decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 11.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,914 shares of the insurance provider’s stock after selling 244 shares during the quarter. AE Wealth Management LLC’s holdings in Travelers Companies were worth $512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Valeo Financial Advisors LLC increased its holdings in shares of Travelers Companies by 71,265.9% in 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 purchasing an additional 3,611,758 shares during the period. Nuveen LLC purchased a new position in Travelers Companies during the first quarter valued at approximately $294,755,000. Bahl & Gaynor Inc. increased its stake in Travelers Companies by 41.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after buying an additional 490,039 shares during the period. Goldman Sachs Group Inc. lifted its position in Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock worth $511,631,000 after buying an additional 390,104 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Travelers Companies by 86.5% during 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 buying an additional 342,666 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the sale, the executive vice president directly owned 33,638 shares in the company, valued at $9,106,815.74. This trade represents a 20.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 54,195 shares of company stock valued at $15,042,229. Company insiders own 1.46% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their price target on shares of Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Morgan Stanley lifted their price target on Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, Wolfe Research began coverage on shares of Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and an average price target of $291.31.

Travelers Companies Trading Down 0.2%

NYSE:TRV opened at $286.95 on Friday. The company’s 50 day moving average is $275.29 and its 200-day moving average is $269.61. 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 12 month low of $230.23 and a 12 month high of $290.61. The firm has a market cap of $64.01 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 2.38 and a beta of 0.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. The business had revenue of $12.47 billion for the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. Travelers Companies’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business posted $5.24 EPS. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be paid a $1.10 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies’s payout ratio is presently 17.30%.

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.