Atria Wealth Solutions Inc. Has $3.91 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• Atria Wealth Solutions Inc. reduced its stake in The Travelers Companies by 14.3%, owning 14,788 shares worth $3.91 million at the end of the quarter.
• Insider Gregory C. Toczydlowski sold 11,505 shares of Travelers, resulting in a 38.45% decrease in his holdings, while total insider sales over the last 90 days reached $47.93 million.
• The Travelers Companies reported impressive quarterly earnings of $6.51 per share, surpassing analysts' expectations, alongside a newly announced dividend of $1.10 per share.

Atria Wealth Solutions Inc. cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 14.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,788 shares of the insurance provider's stock after selling 2,467 shares during the period. Atria Wealth Solutions Inc.'s holdings in Travelers Companies were worth $3,911,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cornerstone Planning Group LLC grew its holdings in shares of Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after buying an additional 84 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of Travelers Companies during the fourth quarter valued at $26,000. Putney Financial Group LLC purchased a new position in shares of Travelers Companies during the fourth quarter valued at $26,000. Kapitalo Investimentos Ltda purchased a new position in shares of Travelers Companies during the fourth quarter valued at $30,000. Finally, Hughes Financial Services LLC purchased a new position in shares of Travelers Companies during the first quarter valued at $33,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was 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 in the company, valued at $4,900,865.92. This represents a 38.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Avrohom J. Kess sold 23,434 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total value of $6,419,275.62. Following the sale, the insider owned 48,387 shares of the company's stock, valued at approximately $13,254,650.91. The trade was a 32.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,374 shares of company stock worth $47,929,912 over the last 90 days. Company insiders own 1.46% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TRV. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. Citigroup reiterated a "market perform" rating on shares of Travelers Companies in a report on Monday, July 21st. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company boosted their target price on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and a consensus target price of $282.69.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $265.40 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $208.63 and a fifty-two week high of $277.83. The business has a 50-day moving average of $263.38 and a two-hundred day moving average of $258.40. The stock has a market capitalization of $59.75 billion, a P/E ratio of 11.74, a P/E/G ratio of 3.10 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping 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 company had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter in the previous year, the firm earned $2.51 earnings per share. The business's quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.7%. Travelers Companies's dividend payout ratio is presently 19.46%.

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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