Axxcess Wealth Management LLC Boosts Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Axxcess Wealth Management LLC grew its position in shares of The Travelers Companies, Inc. (NYSE:TRVGet Rating) by 88.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,690 shares of the insurance provider’s stock after purchasing an additional 1,266 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Travelers Companies were worth $455,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TRV. Franklin Resources Inc. boosted its position in shares of Travelers Companies by 18.3% in the second quarter. Franklin Resources Inc. now owns 206,775 shares of the insurance provider’s stock worth $34,972,000 after acquiring an additional 32,042 shares during the last quarter. Rhumbline Advisers raised its holdings in Travelers Companies by 4.2% in the second quarter. Rhumbline Advisers now owns 466,698 shares of the insurance provider’s stock valued at $78,933,000 after buying an additional 18,663 shares during the period. Cohen Lawrence B raised its holdings in Travelers Companies by 1.4% in the second quarter. Cohen Lawrence B now owns 9,599 shares of the insurance provider’s stock valued at $1,623,000 after buying an additional 132 shares during the period. Cetera Advisor Networks LLC raised its holdings in Travelers Companies by 12.5% in the second quarter. Cetera Advisor Networks LLC now owns 10,353 shares of the insurance provider’s stock valued at $1,751,000 after buying an additional 1,148 shares during the period. Finally, Cetera Advisors LLC raised its holdings in Travelers Companies by 10.6% in the second quarter. Cetera Advisors LLC now owns 5,253 shares of the insurance provider’s stock valued at $888,000 after buying an additional 503 shares during the period. 82.39% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

TRV stock opened at $188.01 on Thursday. The company has a market capitalization of $44.06 billion, a P/E ratio of 13.74, a PEG ratio of 2.59 and a beta of 0.66. The company has a 50-day simple moving average of $170.12 and a 200 day simple moving average of $168.04. The Travelers Companies, Inc. has a fifty-two week low of $145.40 and a fifty-two week high of $188.46. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.37.

Travelers Companies (NYSE:TRVGet Rating) last posted its quarterly earnings data on Wednesday, October 19th. The insurance provider reported $2.20 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.14). The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $8.58 billion. Travelers Companies had a return on equity of 14.31% and a net margin of 9.26%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.60 EPS. Sell-side analysts predict that The Travelers Companies, Inc. will post 13.13 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, December 8th. Travelers Companies’s dividend payout ratio (DPR) is presently 27.19%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Raymond James raised their price target on shares of Travelers Companies from $185.00 to $200.00 and gave the company a “strong-buy” rating in a report on Thursday, October 20th. Morgan Stanley raised their price target on shares of Travelers Companies from $175.00 to $190.00 and gave the company an “equal weight” rating in a report on Tuesday. Royal Bank of Canada lifted their price objective on shares of Travelers Companies from $165.00 to $180.00 and gave the company a “sector perform” rating in a research note on Thursday, October 20th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, November 19th. Finally, Evercore ISI dropped their price objective on shares of Travelers Companies to $183.00 in a research note on Thursday, October 20th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $178.33.

Insiders Place Their Bets

In other Travelers Companies news, EVP Maria Olivo sold 13,516 shares of the business’s stock in a transaction dated Monday, October 24th. The shares were sold at an average price of $179.21, for a total value of $2,422,202.36. Following the sale, the executive vice president now directly owns 98,675 shares in the company, valued at $17,683,546.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Travelers Companies news, EVP Maria Olivo sold 13,516 shares of the business’s stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $179.21, for a total transaction of $2,422,202.36. Following the sale, the executive vice president now owns 98,675 shares in the company, valued at approximately $17,683,546.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 1,000 shares of the business’s stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $180.00, for a total value of $180,000.00. Following the sale, the insider now owns 251,605 shares in the company, valued at approximately $45,288,900. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,516 shares of company stock worth $8,461,942. 1.07% of the stock is owned by corporate insiders.

Travelers Companies Profile

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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.

See Also

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRVGet Rating).

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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