Blair William & Co. IL Lowers Stake in The Travelers Companies, Inc. $TRV

Blair William & Co. IL lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 29,757 shares of the insurance provider's stock after selling 977 shares during the period. Blair William & Co. IL's holdings in Travelers Companies were worth $7,961,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. Bearing Point Capital LLC raised its holdings in shares of Travelers Companies by 2.0% in the 1st quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock valued at $522,000 after purchasing an additional 38 shares in the last quarter. Forum Financial Management LP raised its holdings in shares of Travelers Companies by 0.9% in the 1st quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock valued at $1,171,000 after purchasing an additional 39 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in shares of Travelers Companies by 13.9% in the 1st quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock valued at $84,000 after purchasing an additional 39 shares in the last quarter. Park National Corp OH raised its holdings in shares of Travelers Companies by 1.6% in the 2nd quarter. Park National Corp OH now owns 2,580 shares of the insurance provider's stock valued at $690,000 after purchasing an additional 40 shares in the last quarter. Finally, ORG Partners LLC raised its holdings in shares of Travelers Companies by 5.6% in the 2nd quarter. ORG Partners LLC now owns 776 shares of the insurance provider's stock valued at $207,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TRV shares. Morgan Stanley lifted their price target on shares of Travelers Companies from $269.00 to $285.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 7th. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $275.00 to $291.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Evercore ISI reiterated an "outperform" rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Citigroup started coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price target on the stock. Finally, UBS Group lifted their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a "neutral" rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $290.11.

Travelers Companies Stock Down 1.6%

TRV stock opened at $269.92 on Friday. The company has a market cap of $60.77 billion, a P/E ratio of 11.94, a P/E/G ratio of 3.08 and a beta of 0.51. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $287.95. The company's 50-day moving average price is $273.66 and its 200 day moving average price is $266.16. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the prior year, the firm earned $2.51 earnings per share. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 18,416 shares in the company, valued at $4,900,865.92. This represents a 38.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction 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. 1.46% of the stock is owned by corporate insiders.

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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