The Travelers Companies, Inc. $TRV Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 18.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,046 shares of the insurance provider’s stock after selling 467 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Travelers Companies were worth $547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC grew its stake in shares of Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 84 shares during the period. Greykasell Wealth Strategies Inc. acquired a new stake in Travelers Companies in the 1st quarter valued at about $26,000. Missouri Trust & Investment Co grew its stake in Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares during the last quarter. Nova Wealth Management Inc. acquired a new stake in Travelers Companies in the 2nd quarter valued at about $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in Travelers Companies in the 1st quarter valued at about $32,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TRV. Barclays set a $313.00 price objective on shares of Travelers Companies in a research note on Wednesday, October 8th. Morgan Stanley increased their price objective on shares of Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Wells Fargo & Company reissued a “positive” rating on shares of Travelers Companies in a research note on Friday, October 17th. Wall Street Zen cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Travelers Companies in a research note on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $291.31.

Insider Buying and Selling at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.46% of the stock is currently owned by insiders.

Travelers Companies Price Performance

NYSE:TRV opened at $268.30 on Wednesday. The firm has a market cap of $59.85 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 2.43 and a beta of 0.51. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average is $274.22 and its two-hundred day moving average is $267.65. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $287.95.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. The company had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $5.24 EPS. Research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is presently 17.30%.

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.