Freestone Capital Holdings LLC Sells 1,487 Shares of The Travelers Companies, Inc. $TRV

Freestone Capital Holdings LLC lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,959 shares of the insurance provider’s stock after selling 1,487 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Travelers Companies were worth $6,143,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bearing Point Capital LLC grew its position in shares of Travelers Companies by 2.0% in the 1st quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider’s stock valued at $522,000 after purchasing an additional 38 shares during the period. Forum Financial Management LP lifted its stake in Travelers Companies by 0.9% in the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider’s stock valued at $1,171,000 after buying an additional 39 shares in the last quarter. Y.D. More Investments Ltd boosted its holdings in shares of Travelers Companies by 13.9% in the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock valued at $84,000 after buying an additional 39 shares during the period. Park National Corp OH increased its position in shares of Travelers Companies by 1.6% during the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock worth $690,000 after acquiring an additional 40 shares in the last quarter. Finally, ORG Partners LLC raised its holdings in shares of Travelers Companies by 5.6% during the second quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock worth $207,000 after acquiring an additional 41 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 8,572 shares of the stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total value of $2,320,697.56. Following the sale, the executive vice president owned 33,638 shares in the company, valued at approximately $9,106,815.74. This represents a 20.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The SEC filing for this sale provides additional information. 1.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

TRV has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a report on Thursday, October 9th. Wolfe Research assumed coverage on Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Travelers Companies in a report on Tuesday, October 14th. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Finally, Morgan Stanley upped their price target on Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $291.31.

Travelers Companies Stock Performance

Shares of TRV opened at $268.61 on Monday. The company has a market cap of $59.92 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 2.38 and a beta of 0.51. The firm has a 50-day moving average of $273.86 and a 200-day moving average of $268.19. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $287.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last issued 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. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company had revenue of $11.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same period in the prior year, the firm earned $5.24 EPS. Travelers Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 17.30%.

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.