The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,911 shares of the insurance provider’s stock after selling 296 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Travelers Companies were worth $592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Travelers Companies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after buying an additional 148,012 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after buying an additional 3,158,979 shares during the last quarter. Norges Bank acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $282,593,000. Boston Partners increased its holdings in shares of Travelers Companies by 16.4% during the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after buying an additional 196,011 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Travelers Companies by 1.0% during the 4th quarter. Hsbc Holdings PLC now owns 999,480 shares of the insurance provider’s stock worth $190,189,000 after buying an additional 9,518 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction 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 sale, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,820,409.12. The sale 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 company insiders.

Travelers Companies Price Performance

Travelers Companies stock opened at $234.11 on Friday. The stock has a market cap of $53.36 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 1.20 and a beta of 0.62. The company has a fifty day simple moving average of $217.40 and a 200-day simple moving average of $216.76. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $242.89. 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 released its quarterly earnings data 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 firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. Travelers Companies’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.79%. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

Analyst Ratings Changes

A number of research firms recently weighed in on TRV. Barclays began coverage on shares of Travelers Companies in a research report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price objective for the company. Morgan Stanley lowered their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Piper Sandler lowered their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $225.00 price objective on shares of Travelers Companies in a research report on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $227.05.

About Travelers Companies

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.