Leuthold Group LLC Trims Position in The Travelers Companies, Inc. $TRV

Leuthold Group LLC decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 15,907 shares of the insurance provider’s stock after selling 215 shares during the quarter. Leuthold Group LLC’s holdings in Travelers Companies were worth $4,256,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Greykasell Wealth Strategies Inc. acquired a new stake in Travelers Companies during the 1st quarter worth approximately $26,000. Missouri Trust & Investment Co increased its holdings in shares of Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Quaker Wealth Management LLC raised its stake in shares of Travelers Companies by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 208 shares during the last quarter. Nova Wealth Management Inc. acquired a new stake in shares of Travelers Companies during the second quarter worth $32,000. Finally, Golden State Wealth Management LLC grew its position in Travelers Companies by 283.9% in the 2nd quarter. Golden State Wealth Management LLC now owns 119 shares of the insurance provider’s stock valued at $32,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV opened at $295.08 on Friday. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $296.85. The stock has a market cap of $65.82 billion, a P/E ratio of 11.60, a PEG ratio of 2.38 and a beta of 0.55. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $278.20 and a two-hundred day moving average of $271.27.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data 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. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same period last year, the company posted $5.24 EPS. The company’s revenue was up 4.8% on a year-over-year basis. As a group, research analysts predict 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. Stockholders of record on Wednesday, December 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s payout ratio is 17.30%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group upped their price objective on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Piper Sandler increased their price target on shares of Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, Wells Fargo & Company restated a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $292.73.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,803 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $289.55, for a total value of $522,058.65. Following the transaction, the insider directly owned 255,086 shares in the company, valued at approximately $73,860,151.30. This represents a 0.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel S. Frey sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the sale, the chief financial officer directly owned 26,932 shares in the company, valued at $7,493,829. This represents a 48.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 37,375 shares of company stock worth $10,374,006 over the last three months. 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.