Moran Wealth Management LLC Sells 1,211 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Moran Wealth Management LLC trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 6.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 17,071 shares of the insurance provider’s stock after selling 1,211 shares during the period. Moran Wealth Management LLC’s holdings in Travelers Companies were worth $2,965,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its position in Travelers Companies by 1.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,074 shares of the insurance provider’s stock valued at $562,000 after buying an additional 58 shares during the last quarter. Integrated Advisors Network LLC boosted its position in Travelers Companies by 3.1% in the 1st quarter. Integrated Advisors Network LLC now owns 2,169 shares of the insurance provider’s stock valued at $372,000 after buying an additional 66 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in Travelers Companies by 2.2% in the 1st quarter. Checchi Capital Advisers LLC now owns 3,199 shares of the insurance provider’s stock valued at $548,000 after buying an additional 68 shares during the last quarter. Clearstead Advisors LLC boosted its position in Travelers Companies by 4.0% in the 1st quarter. Clearstead Advisors LLC now owns 1,829 shares of the insurance provider’s stock valued at $314,000 after buying an additional 70 shares during the last quarter. Finally, First National Advisers LLC boosted its position in Travelers Companies by 6.4% in the 1st quarter. First National Advisers LLC now owns 1,211 shares of the insurance provider’s stock valued at $208,000 after buying an additional 73 shares during the last quarter. 81.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Andy F. Bessette sold 3,797 shares of Travelers Companies stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $169.38, for a total value of $643,135.86. Following the sale, the executive vice president now owns 13,005 shares of the company’s stock, valued at approximately $2,202,786.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.29% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the topic of several recent research reports. StockNews.com initiated coverage on Travelers Companies in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Citigroup raised their price target on Travelers Companies from $181.00 to $185.00 and gave the stock a “neutral” rating in a research report on Friday, October 20th. Deutsche Bank Aktiengesellschaft initiated coverage on Travelers Companies in a research report on Wednesday, October 4th. They issued a “hold” rating and a $186.00 price target on the stock. Morgan Stanley reduced their price target on Travelers Companies from $185.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Finally, Jefferies Financial Group reduced their price target on Travelers Companies from $180.00 to $176.00 and set a “hold” rating on the stock in a research report on Friday, October 6th. Nine equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $191.17.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $172.10 on Tuesday. The stock’s fifty day simple moving average is $166.09 and its 200 day simple moving average is $169.51. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $194.51. The company has a market capitalization of $39.31 billion, a PE ratio of 18.63, a PEG ratio of 1.52 and a beta of 0.58. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.40.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, October 18th. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.98). Travelers Companies had a net margin of 5.45% and a return on equity of 10.41%. The firm had revenue of $10.50 billion during the quarter, compared to analyst estimates of $10.42 billion. During the same period in the prior year, the business earned $2.20 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, research analysts predict that The Travelers Companies, Inc. will post 11.1 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, December 7th. Travelers Companies’s dividend payout ratio is 43.29%.

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. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.