The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 30.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 640 shares of the insurance provider’s stock after selling 281 shares during the period. Eagle Bay Advisors LLC’s holdings in Travelers Companies were worth $130,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Travelers Companies by 7.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 26,156 shares of the insurance provider’s stock valued at $5,319,000 after buying an additional 1,867 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its stake in Travelers Companies by 0.6% during the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 8,623 shares of the insurance provider’s stock valued at $1,753,000 after acquiring an additional 53 shares during the last quarter. State of Michigan Retirement System boosted its stake in Travelers Companies by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 62,753 shares of the insurance provider’s stock valued at $12,760,000 after acquiring an additional 200 shares during the last quarter. SlateStone Wealth LLC grew its holdings in Travelers Companies by 15.2% during the 2nd quarter. SlateStone Wealth LLC now owns 5,088 shares of the insurance provider’s stock worth $1,035,000 after acquiring an additional 671 shares in the last quarter. Finally, Catalyst Financial Partners LLC increased its position in shares of Travelers Companies by 8.7% in the 2nd quarter. Catalyst Financial Partners LLC now owns 1,147 shares of the insurance provider’s stock worth $233,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. TD Cowen lowered Travelers Companies from a “buy” rating to a “hold” rating and decreased their target price for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Piper Sandler reduced their price objective on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Finally, Bank of America lifted their price objective 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. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $223.78.

Insiders Place Their Bets

In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.33% of the stock is owned by insiders.

Travelers Companies Stock Performance

Shares of NYSE TRV traded up $0.86 during midday trading on Tuesday, hitting $223.64. 729,889 shares of the company’s stock were exchanged, compared to its average volume of 1,339,609. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The firm has a market cap of $51.21 billion, a P/E ratio of 16.62, a PEG ratio of 1.12 and a beta of 0.61. The stock’s 50 day moving average price is $211.14 and its 200-day moving average price is $215.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The business had revenue of $11.28 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $0.06 EPS. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.23 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.88%. Travelers Companies’s payout ratio is 31.20%.

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.