Nicholas Hoffman & Company LLC. Sells 126 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Nicholas Hoffman & Company LLC. decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,949 shares of the insurance provider’s stock after selling 126 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Travelers Companies were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in TRV. JPMorgan Chase & Co. raised its stake in Travelers Companies by 36.8% during the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after buying an additional 3,158,979 shares during the last quarter. Norges Bank bought a new position in Travelers Companies in the 4th quarter worth approximately $282,593,000. Zurich Insurance Group Ltd FI bought a new position in Travelers Companies in the 1st quarter worth approximately $88,190,000. Boston Partners lifted its stake in Travelers Companies by 42.5% in the 4th quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after purchasing an additional 355,489 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of Travelers Companies by 6,167.2% during the 4th quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider’s stock valued at $63,596,000 after buying an additional 328,527 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.33% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on TRV. Piper Sandler decreased their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Citigroup lifted their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $252.00 to $230.00 in a research report on Monday, July 15th. Bank of America lifted their target price on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a report on Monday, July 22nd. Finally, Barclays assumed coverage on shares of Travelers Companies in a report on Wednesday. They issued an “overweight” rating and a $286.00 target price for the company. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $227.05.

Travelers Companies Stock Performance

Shares of TRV stock traded down $0.99 during trading hours on Thursday, hitting $230.43. The stock had a trading volume of 155,480 shares, compared to its average volume of 1,325,131. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $234.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The stock’s 50 day moving average is $213.66 and its 200 day moving average is $216.10. The firm has a market capitalization of $52.77 billion, a PE ratio of 17.12, a PEG ratio of 1.18 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). The business had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is presently 31.20%.

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.