ProShare Advisors LLC Sells 11,513 Shares of The Travelers Companies, Inc. $TRV

ProShare Advisors LLC reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 159,232 shares of the insurance provider’s stock after selling 11,513 shares during the period. ProShare Advisors LLC owned 0.07% of Travelers Companies worth $42,601,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. bought a new stake in Travelers Companies during the first quarter valued at about $26,000. Missouri Trust & Investment Co increased its stake 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 worth $27,000 after purchasing an additional 55 shares during the period. Quaker Wealth Management LLC lifted its position in shares of Travelers Companies by 200.0% during the 2nd 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. Flaharty Asset Management LLC bought a new stake in Travelers Companies during the 1st quarter valued at approximately $32,000. Finally, Nova Wealth Management Inc. acquired a new stake in Travelers Companies in the 2nd quarter valued at approximately $32,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TRV shares. Wolfe Research initiated coverage on Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating for the company. Morgan Stanley upped their target price on shares of Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. Finally, Barclays set a $313.00 price objective on shares of Travelers Companies in a research report on Wednesday, October 8th. Two research analysts have 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. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $291.31.

Travelers Companies Trading Up 0.9%

Shares of Travelers Companies stock opened at $282.21 on Tuesday. The Travelers Companies, Inc. has a 52-week low of $230.23 and a 52-week high of $287.95. The firm has a market capitalization of $62.95 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. 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 company’s fifty day moving average price is $274.44 and its two-hundred day moving average price is $269.01.

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

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is currently 17.30%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’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 legal filing with the SEC, which is available through the SEC website. Also, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total value of $6,956,250.00. Following the transaction, the chief financial officer owned 26,932 shares of the company’s stock, valued at $7,493,829. This represents a 48.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 50,392 shares of company stock valued at $13,945,170. Corporate insiders own 1.46% of the company’s stock.

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.