The Travelers Companies, Inc. $TRV Stake Trimmed by Stiles Financial Services Inc

Stiles Financial Services Inc lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,526 shares of the insurance provider’s stock after selling 44 shares during the quarter. Stiles Financial Services Inc’s holdings in Travelers Companies were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC increased its stake in Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in Travelers Companies during the 1st quarter valued at about $26,000. Missouri Trust & Investment Co grew its stake in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares in the last quarter. Nova Wealth Management Inc. purchased a new position in Travelers Companies during the 2nd quarter valued at about $32,000. Finally, Flaharty Asset Management LLC purchased a new position in Travelers Companies during the 1st quarter valued at about $32,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the transaction, the executive vice president owned 18,416 shares of the company’s stock, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on TRV. Morgan Stanley lifted their target price on Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wolfe Research initiated coverage on Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating on the stock. Barclays set a $313.00 price target on Travelers Companies in a research note on Wednesday. Weiss Ratings reissued a “buy (b+)” rating on shares of Travelers Companies in a research note on Saturday, September 27th. Finally, Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $290.11.

Travelers Companies Stock Down 3.0%

TRV opened at $274.38 on Friday. The business has a 50 day moving average price of $273.43 and a 200 day moving average price of $266.06. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $287.95. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market cap of $61.77 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 3.23 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The firm had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the company earned $2.51 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, September 10th. Travelers Companies’s payout ratio is 19.46%.

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.