9258 Wealth Management LLC Sells 153 Shares of The Travelers Companies, Inc. (NYSE:TRV)

9258 Wealth Management LLC reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 12.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,037 shares of the insurance provider’s stock after selling 153 shares during the period. 9258 Wealth Management LLC’s holdings in Travelers Companies were worth $211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. TD Asset Management Inc increased its holdings in Travelers Companies by 5.4% in the second quarter. TD Asset Management Inc now owns 264,320 shares of the insurance provider’s stock worth $53,747,000 after purchasing an additional 13,639 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Travelers Companies by 509.7% during the 2nd quarter. Larson Financial Group LLC now owns 756 shares of the insurance provider’s stock valued at $154,000 after acquiring an additional 632 shares during the period. Foundations Investment Advisors LLC bought a new position in Travelers Companies during the second quarter worth $224,000. Simon Quick Advisors LLC acquired a new stake in Travelers Companies in the second quarter worth $277,000. Finally, Weaver Capital Management LLC increased its stake in Travelers Companies by 10.4% in the second quarter. Weaver Capital Management LLC now owns 11,190 shares of the insurance provider’s stock valued at $2,275,000 after purchasing an additional 1,053 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred 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 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 SEC, which is available through the SEC website. Insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Morgan Stanley reduced their price objective on 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. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. 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 research report on Wednesday, August 7th. Finally, Citigroup upped their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $227.05.

Travelers Companies Stock Performance

Shares of TRV opened at $231.85 on Friday. The stock has a 50 day moving average of $214.15 and a 200 day moving average of $216.21. The company has a market capitalization of $53.09 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 1.18 and a beta of 0.61. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $234.18. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). The business had revenue of $11.28 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.19 earnings per share 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 $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s payout ratio is 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.