Corient Private Wealth LLC Sells 26,396 Shares of The Travelers Companies, Inc. $TRV

Corient Private Wealth LLC decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 18.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,555 shares of the insurance provider’s stock after selling 26,396 shares during the quarter. Corient Private Wealth LLC owned approximately 0.05% of Travelers Companies worth $30,381,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Associated Banc Corp lifted its stake in Travelers Companies by 1.4% in the second quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock worth $731,000 after acquiring an additional 39 shares during the period. Park National Corp OH lifted its position in shares of Travelers Companies by 1.6% in the 2nd quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock worth $690,000 after purchasing an additional 40 shares during the period. ORG Partners LLC lifted its position in shares of Travelers Companies by 5.6% in the 2nd quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock worth $207,000 after purchasing an additional 41 shares during the period. Park Place Capital Corp boosted its stake in shares of Travelers Companies by 33.1% during the second quarter. Park Place Capital Corp now owns 165 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 41 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in Travelers Companies by 0.8% during the second quarter. Valeo Financial Advisors LLC now owns 5,109 shares of the insurance provider’s stock valued at $1,367,000 after buying an additional 41 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their target price on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research report on Thursday, October 9th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. UBS Group lifted their target price on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $294.25.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 8,572 shares of Travelers Companies stock in a transaction on Tuesday, October 28th. The shares were 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 in the company, valued at approximately $9,106,815.74. The trade was a 20.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 25,000 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the completion of the transaction, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,493,829. The trade was a 48.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 46,295 shares of company stock worth $13,011,918. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Trading Down 0.4%

Travelers Companies stock opened at $289.56 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market cap of $64.59 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. The stock has a 50-day moving average of $279.49 and a two-hundred day moving average of $272.27. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $296.85.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping 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 return on equity of 20.28% and a net margin of 12.14%.The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.24 earnings per share. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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

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.