The Travelers Companies, Inc. (NYSE:TRV) Stock Holdings Decreased by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 7.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 19,703 shares of the insurance provider’s stock after selling 1,588 shares during the period. Valley Wealth Managers Inc.’s holdings in Travelers Companies were worth $4,006,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TRV. Vanguard Group Inc. boosted its holdings in shares of Travelers Companies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock valued at $4,132,313,000 after buying an additional 148,012 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Travelers Companies by 36.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after buying an additional 3,158,979 shares during the period. Norges Bank acquired a new position in shares of Travelers Companies in the 4th quarter valued at about $282,593,000. Boston Partners boosted its holdings in shares of Travelers Companies by 16.4% in the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after buying an additional 196,011 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of Travelers Companies by 1.0% in the 4th quarter. Hsbc Holdings PLC now owns 999,480 shares of the insurance provider’s stock valued at $190,189,000 after buying an additional 9,518 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Bank of America boosted their target price on shares of Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research note on Monday, July 22nd. Citigroup boosted 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. Morgan Stanley reduced their target price on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Finally, Barclays began coverage on shares of Travelers Companies in a research note on Wednesday, September 4th. They set an “overweight” rating and a $286.00 target price for the company. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $227.05.

Travelers Companies Stock Performance

TRV stock opened at $234.11 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $53.36 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 1.20 and a beta of 0.62. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $242.89. The firm has a 50 day moving average of $217.40 and a two-hundred day moving average of $216.76.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). The firm had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the company earned $0.06 EPS. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is currently 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.