Aries Wealth Management Decreases Holdings in The Travelers Companies, Inc. $TRV

Key Points

• Aries Wealth Management reduced its holdings in The Travelers Companies, Inc. by 26.5% during the 2nd quarter, owning 2,658 shares after selling 960 shares.
• The Travelers Companies reported strong earnings with an EPS of $6.51 for the last quarter, significantly beating analyst expectations of $3.52, along with a revenue of $11.54 billion.
• Several hedge funds, including NorthRock Partners LLC and Verdence Capital Advisors LLC, increased their stakes in Travelers Companies during the same quarter, demonstrating growing institutional interest.

Aries Wealth Management cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 26.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,658 shares of the insurance provider's stock after selling 960 shares during the quarter. Aries Wealth Management's holdings in Travelers Companies were worth $711,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. NorthRock Partners LLC increased its stake in shares of Travelers Companies by 14.2% in the second quarter. NorthRock Partners LLC now owns 3,852 shares of the insurance provider's stock worth $1,030,000 after buying an additional 478 shares during the period. Verdence Capital Advisors LLC increased its stake in shares of Travelers Companies by 5.6% in the second quarter. Verdence Capital Advisors LLC now owns 22,515 shares of the insurance provider's stock worth $6,024,000 after buying an additional 1,192 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Travelers Companies by 11.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,787 shares of the insurance provider's stock worth $4,759,000 after buying an additional 1,851 shares during the period. Concord Asset Management LLC VA increased its stake in shares of Travelers Companies by 7.5% in the second quarter. Concord Asset Management LLC VA now owns 7,219 shares of the insurance provider's stock worth $1,931,000 after buying an additional 504 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Travelers Companies by 11.2% in the second quarter. Sequoia Financial Advisors LLC now owns 13,546 shares of the insurance provider's stock worth $3,624,000 after buying an additional 1,369 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Shares of TRV stock opened at $275.59 on Wednesday. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $287.95. The stock has a market cap of $62.04 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 3.03 and a beta of 0.51. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The company's fifty day moving average price is $274.03 and its 200-day moving average price is $266.31.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its 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 net margin of 10.97% and a return on equity of 18.68%. The firm had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter in the previous year, the business posted $2.51 EPS. The company's quarterly revenue was up 7.4% on a year-over-year basis. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 10th. Travelers Companies's payout ratio is currently 19.46%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Saturday. Citigroup began coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price on the stock. Barclays set a $313.00 price target on shares of Travelers Companies in a report on Wednesday, October 8th. UBS Group lifted their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the company a "neutral" rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Travelers Companies in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $290.11.

Insider Activity

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the transaction, the executive vice president owned 18,416 shares of the company's stock, valued at $4,900,865.92. The trade was a 38.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

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.

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