Allworth Financial LP Has $3.48 Million Stake in The Travelers Companies, Inc. $TRV

Allworth Financial LP reduced its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 79.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,542 shares of the insurance provider's stock after selling 41,544 shares during the quarter. Allworth Financial LP's holdings in Travelers Companies were worth $3,480,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. HHM Wealth Advisors LLC grew its position in Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock valued at $25,000 after acquiring an additional 51 shares during the period. Whipplewood Advisors LLC acquired a new stake in Travelers Companies during the 1st quarter valued at $26,000. LifeSteps Financial Inc. acquired a new stake in Travelers Companies during the 2nd quarter valued at $26,000. Kilter Group LLC bought a new position in Travelers Companies in the 2nd quarter valued at $26,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Travelers Companies in the fourth quarter worth $26,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Buying and Selling at Travelers Companies

In related news, EVP David Rowland sold 5,000 shares of the company's stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the transaction, the executive vice president directly owned 10,479 shares of the company's stock, valued at approximately $3,894,939.51. This represents a 32.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Olivo sold 6,000 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $369.86, for a total transaction of $2,219,160.00. Following the transaction, the executive vice president directly owned 118,742 shares of the company's stock, valued at $43,917,916.12. This represents a 4.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 58,667 shares of company stock valued at $21,830,989 over the last quarter. 1.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TRV shares. JPMorgan Chase & Co. upgraded Travelers Companies from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Evercore set a $329.00 price target on shares of Travelers Companies and gave the stock an "in-line" rating in a research report on Friday, July 10th. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an "equal weight" rating in a report on Thursday, July 9th. Barclays raised their price objective on shares of Travelers Companies from $295.00 to $318.00 and gave the company an "underweight" rating in a research report on Tuesday, July 21st. Finally, BMO Capital Markets downgraded shares of Travelers Companies from an "outperform" rating to a "market perform" rating and boosted their target price for the stock from $314.00 to $379.00 in a research note on Tuesday, July 21st. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Travelers Companies currently has a consensus rating of "Hold" and a consensus target price of $354.26.

Travelers Companies Price Performance

TRV opened at $367.82 on Friday. The company has a fifty day moving average price of $366.09 and a two-hundred day moving average price of $325.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The firm has a market capitalization of $76.72 billion, a PE ratio of 9.85, a P/E/G ratio of 2.46 and a beta of 0.44.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm's revenue was up .3% on a year-over-year basis. During the same period last year, the company earned $6.51 EPS. As a group, analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies's payout ratio is currently 13.39%.

About Travelers Companies

The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company serves individuals, businesses and public-sector organizations through a range of insurance offerings designed to help customers manage risks related to property, liability, transportation and other exposures.

Travelers' principal businesses include Business Insurance, Bond & Specialty Insurance, and Personal Insurance. Its products and services include commercial property and casualty coverage, workers' compensation, general and professional liability insurance, surety and fidelity bonds, cyber insurance, homeowners insurance, automobile insurance and other personal lines products.

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