Castle Rock Wealth Management LLC Sells 214 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Castle Rock Wealth Management LLC lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 18.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 958 shares of the insurance provider’s stock after selling 214 shares during the period. Castle Rock Wealth Management LLC’s holdings in Travelers Companies were worth $219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. LVW Advisors LLC raised its position in Travelers Companies by 7.0% during the 3rd quarter. LVW Advisors LLC now owns 2,754 shares of the insurance provider’s stock valued at $645,000 after purchasing an additional 180 shares during the last quarter. Tobam bought a new stake in shares of Travelers Companies during the 3rd quarter valued at $97,000. Brendel Financial Advisors LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at $221,000. Steigerwald Gordon & Koch Inc. boosted its holdings in shares of Travelers Companies by 1.9% during the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 96,464 shares of the insurance provider’s stock valued at $22,584,000 after buying an additional 1,826 shares in the last quarter. Finally, Unison Advisors LLC boosted its holdings in shares of Travelers Companies by 0.5% during the 3rd quarter. Unison Advisors LLC now owns 15,241 shares of the insurance provider’s stock valued at $3,568,000 after buying an additional 76 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TRV. Jefferies Financial Group boosted their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday. Barclays started coverage on shares of Travelers Companies in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Citigroup upped their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $230.89.

Travelers Companies Stock Up 1.4 %

NYSE TRV opened at $236.58 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $53.92 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.21 and a beta of 0.62. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $243.48. The stock has a 50 day moving average price of $227.80 and a 200-day moving average price of $218.87.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. During the same quarter in the previous year, the company posted $0.06 EPS. The business’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.2 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were issued a dividend of $1.05 per share. The ex-dividend date was Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.78%. Travelers Companies’s payout ratio is presently 26.55%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on 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 sale, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.33% of the stock is currently owned by insiders.

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.