Axxcess Wealth Management LLC Sells 1,130 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Axxcess Wealth Management LLC lowered its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 18.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,093 shares of the insurance provider's stock after selling 1,130 shares during the period. Axxcess Wealth Management LLC's holdings in Travelers Companies were worth $1,347,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. Smith Salley Wealth Management lifted its stake in Travelers Companies by 0.6% in the first quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock valued at $1,936,000 after acquiring an additional 44 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Travelers Companies by 7.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider's stock valued at $173,000 after acquiring an additional 47 shares during the last quarter. JT Stratford LLC raised its position in shares of Travelers Companies by 0.8% in the fourth quarter. JT Stratford LLC now owns 6,044 shares of the insurance provider's stock valued at $1,456,000 after purchasing an additional 49 shares during the period. Trifecta Capital Advisors LLC raised its position in shares of Travelers Companies by 13.4% in the first quarter. Trifecta Capital Advisors LLC now owns 422 shares of the insurance provider's stock valued at $112,000 after purchasing an additional 50 shares during the period. Finally, BLB&B Advisors LLC raised its position in shares of Travelers Companies by 3.6% in the first quarter. BLB&B Advisors LLC now owns 1,424 shares of the insurance provider's stock valued at $377,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Price Performance

Shares of NYSE:TRV traded up $0.98 on Monday, hitting $255.46. The stock had a trading volume of 1,120,213 shares, compared to its average volume of 1,286,864. The Travelers Companies, Inc. has a twelve month low of $202.95 and a twelve month high of $277.83. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. The firm's 50 day moving average price is $267.10 and its 200-day moving average price is $255.88. The company has a market capitalization of $57.70 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 3.73 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. During the same quarter in the previous year, the company earned $4.69 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were given a dividend of $1.10 per share. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.72%. Travelers Companies's dividend payout ratio is 23.95%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TRV shares. Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. UBS Group dropped their price target on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Jefferies Financial Group lifted their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a research report on Wednesday, May 28th. Finally, Wells Fargo & Company set a $264.00 target price on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $271.00.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 20,286 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the sale, the chief financial officer directly owned 26,932 shares of the company's stock, valued at approximately $7,365,363.36. The trade was a 42.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Avrohom J. Kess sold 23,434 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.93, for a total value of $6,419,275.62. Following the sale, the insider directly owned 48,387 shares of the company's stock, valued at $13,254,650.91. This represents a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock worth $44,868,201 over the last quarter. Corporate insiders own 1.46% of the company's stock.

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.