The Travelers Companies, Inc. $TRV Shares Sold by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 862 shares of the insurance provider’s stock after selling 40 shares during the period. Revolve Wealth Partners LLC’s holdings in Travelers Companies were worth $231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRV. Vanguard Group Inc. increased its holdings in shares of Travelers Companies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider’s stock valued at $5,747,656,000 after purchasing an additional 115,808 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Travelers Companies by 71,265.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock valued at $967,646,000 after acquiring an additional 3,611,758 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Travelers Companies by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider’s stock valued at $899,988,000 after acquiring an additional 25,573 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Travelers Companies by 25.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after acquiring an additional 390,104 shares during the period. Finally, Bahl & Gaynor Inc. lifted its position in shares of Travelers Companies by 41.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after acquiring an additional 490,039 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’s stock in a transaction on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the transaction, the executive vice president directly owned 18,416 shares of the company’s stock, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $4,668,222.80. The disclosure for this sale can be found here. Insiders own 1.46% of the company’s stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $275.59 on Wednesday. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $287.95. The firm has a 50 day moving average price of $274.03 and a 200 day moving average price of $266.31. The company has a market cap of $62.04 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 3.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

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

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 10th. Travelers Companies’s payout ratio is 19.46%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TRV. Morgan Stanley lifted their price target on shares of Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Wall Street Zen upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday. Barclays set a $313.00 target price on shares of Travelers Companies in a report on Wednesday, October 8th. Citigroup initiated coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price for the company. Finally, Wells Fargo & Company raised their target price on shares of Travelers Companies from $275.00 to $291.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $290.11.

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.