Advisors Asset Management Inc. Sells 8,052 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Advisors Asset Management Inc. reduced its holdings in The Travelers Companies by 87.6%, selling 8,052 shares and now owning only 1,144 shares valued at $303,000.
• Travelers Companies recently reported an EPS of $6.51 for the quarter, significantly exceeding analyst expectations of $3.52, with a revenue of $11.54 billion.
• The company declared a quarterly dividend of $1.10 per share, with an annualized yield of 1.6%, set to be paid on September 30th.

Advisors Asset Management Inc. lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 87.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,144 shares of the insurance provider's stock after selling 8,052 shares during the period. Advisors Asset Management Inc.'s holdings in Travelers Companies were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its stake in Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after acquiring an additional 84 shares during the period. Greykasell Wealth Strategies Inc. bought a new position in Travelers Companies during the 1st quarter worth $26,000. Ameriflex Group Inc. bought a new position in Travelers Companies during the 4th quarter worth $26,000. Putney Financial Group LLC bought a new position in Travelers Companies during the 4th quarter worth $26,000. Finally, Capital Analysts LLC increased its position in Travelers Companies by 248.6% during the 1st quarter. Capital Analysts LLC now owns 122 shares of the insurance provider's stock worth $33,000 after buying an additional 87 shares during the period. Institutional investors own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the company an "equal weight" rating in a research note on Monday, May 19th. Wells Fargo & Company raised their price target on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Wall Street Zen cut Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Keefe, Bruyette & Woods raised their price target on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Finally, Cantor Fitzgerald upgraded Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and an average target price of $284.56.

Travelers Companies Stock Performance

Shares of TRV stock opened at $279.50 on Friday. The business's 50-day moving average price is $265.84 and its 200-day moving average price is $263.20. The Travelers Companies, Inc. has a 12 month low of $224.62 and a 12 month high of $280.70. The firm has a market capitalization of $62.92 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 3.13 and a beta of 0.53. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period last year, the firm posted $2.51 earnings per share. The business's revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. 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, September 10th. Travelers Companies's dividend payout ratio (DPR) is presently 19.46%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the sale, the executive vice president owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. Company insiders own 1.46% of the company's stock.

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.

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