The Travelers Companies, Inc. $TRV Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 147,353 shares of the insurance provider’s stock after selling 11,837 shares during the quarter. Travelers Companies makes up approximately 1.1% of Trillium Asset Management LLC’s holdings, making the stock its 25th largest position. Trillium Asset Management LLC’s holdings in Travelers Companies were worth $39,423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRV. Cornerstone Planning Group LLC lifted its holdings in Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 84 shares during the period. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Travelers Companies in the 1st quarter worth approximately $26,000. Missouri Trust & Investment Co boosted 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 acquiring an additional 55 shares in the last quarter. Quaker Wealth Management LLC lifted its position in Travelers Companies by 200.0% in 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 period. Finally, Flaharty Asset Management LLC bought a new stake in shares of Travelers Companies in the 1st quarter worth $32,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travelers Companies in a report on Tuesday, October 14th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research note on Thursday, October 9th. Piper Sandler boosted 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. Finally, Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $291.31.

Travelers Companies Stock Performance

NYSE:TRV opened at $277.14 on Wednesday. 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 Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $287.95. The firm’s fifty day simple moving average is $273.87 and its 200 day simple moving average is $268.42. The firm has a market capitalization of $61.82 billion, a PE ratio of 10.90, a PEG ratio of 2.38 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same quarter last year, the firm posted $5.24 EPS. The company’s revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a dividend of $1.10 per share. 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 (DPR) is 17.30%.

Insiders Place Their Bets

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of the business’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the transaction, the executive vice president owned 33,638 shares in the company, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies 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.