Atlantic Edge Private Wealth Management LLC Sells 125 Shares of The Travelers Companies, Inc. $TRV

Atlantic Edge Private Wealth Management LLC cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.4% during the second quarter, HoldingsChannel reports. The firm owned 8,724 shares of the insurance provider’s stock after selling 125 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Travelers Companies were worth $2,334,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TRV. Brighton Jones LLC increased its stake in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC bought a new position in shares of Travelers Companies in the fourth quarter worth about $276,000. GAMMA Investing LLC increased its stake in shares of Travelers Companies by 18.1% in the first quarter. GAMMA Investing LLC now owns 8,332 shares of the insurance provider’s stock worth $2,203,000 after purchasing an additional 1,277 shares during the period. Advisor Resource Council bought a new position in shares of Travelers Companies in the first quarter worth about $245,000. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Travelers Companies by 11.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 26,725 shares of the insurance provider’s stock worth $7,068,000 after purchasing an additional 2,680 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TRV has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. UBS Group lifted their target price on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. lifted their target price on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research report on Thursday, October 9th. Finally, Citigroup initiated coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $291.31.

Travelers Companies Price Performance

Shares of TRV stock opened at $265.02 on Tuesday. The stock’s fifty day simple moving average is $273.95 and its 200 day simple moving average is $266.49. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market cap of $59.12 billion, a price-to-earnings ratio of 10.42, a P/E/G ratio of 2.51 and a beta of 0.51. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $287.95.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating the consensus estimate of $6.01 by $2.13. The business had revenue of $11.47 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%.Travelers Companies’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.24 EPS. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share 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. Investors of record on Wednesday, December 10th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.7%. Travelers Companies’s payout ratio is currently 17.30%.

Insider Buying and Selling

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.46% of the stock is currently owned by corporate 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.