HBK Sorce Advisory LLC Reduces Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

HBK Sorce Advisory LLC trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 4,745 shares of the insurance provider’s stock after selling 87 shares during the period. HBK Sorce Advisory LLC’s holdings in Travelers Companies were worth $1,092,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its position in Travelers Companies by 66.8% during the 3rd quarter. Wellington Management Group LLP now owns 25,335 shares of the insurance provider’s stock worth $4,137,000 after acquiring an additional 10,148 shares during the period. Wedmont Private Capital lifted its position in Travelers Companies by 34.2% during the 4th quarter. Wedmont Private Capital now owns 1,868 shares of the insurance provider’s stock worth $359,000 after acquiring an additional 476 shares during the period. Nordea Investment Management AB lifted its position in Travelers Companies by 7.2% during the 4th quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock worth $46,919,000 after acquiring an additional 16,580 shares during the period. Sound Income Strategies LLC lifted its position in Travelers Companies by 837.3% during the 4th quarter. Sound Income Strategies LLC now owns 478 shares of the insurance provider’s stock worth $91,000 after acquiring an additional 427 shares during the period. Finally, Cornerstone Wealth Management LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at about $265,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

Shares of TRV stock traded down $17.12 during trading hours on Friday, reaching $203.48. The company had a trading volume of 2,819,028 shares, compared to its average volume of 1,380,907. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a fifty day moving average of $210.83 and a 200-day moving average of $213.57. The company has a market capitalization of $46.60 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 1.32 and a beta of 0.61. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The company had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. Travelers Companies’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.06 earnings per share. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 16.97 earnings per share for the current year.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the transaction, the executive vice president now directly owns 6,075 shares in the company, valued at $1,298,106. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,877,860.08. The disclosure for this sale can be found here. Insiders sold 18,635 shares of company stock worth $3,980,827 over the last ninety days. Corporate insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TRV shares. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. Keefe, Bruyette & Woods reduced their price target on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a report on Thursday, April 18th. Piper Sandler reaffirmed a “neutral” rating and issued a $213.00 price target on shares of Travelers Companies in a report on Monday, April 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $225.00 price target on shares of Travelers Companies in a report on Monday, June 24th. Finally, Citigroup reaffirmed a “sell” rating and issued a $200.00 price target (down previously from $226.00) on shares of Travelers Companies in a report on Friday, June 28th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $220.11.

About Travelers Companies

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.