Brookstone Capital Management Sells 14,640 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Brookstone Capital Management reduced its Travelers stake by 25.5% in the third quarter, selling 14,640 shares and retaining 42,862 shares valued at approximately $15.3 million.
• Travelers reported a strong quarter, with EPS of $9.18 versus the $7.39 consensus and revenue of $12.41 billion versus $11.36 billion expected, although revenue declined slightly year over year.
• Institutional investors own 82.45% of Travelers, while recent insider selling and mixed analyst opinions remain potential concerns. The stock carries an average “Hold” rating and a $365.37 consensus price target.

Brookstone Capital Management cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 25.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,862 shares of the insurance provider's stock after selling 14,640 shares during the period. Brookstone Capital Management's holdings in Travelers Companies were worth $15,281,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Travelers Companies during the second quarter valued at approximately $6,915,909,000. Bank of America Corp DE purchased a new position in Travelers Companies during the second quarter valued at $932,142,000. GQG Partners LLC bought a new stake in Travelers Companies in the second quarter worth $789,024,000. Legal & General Group Plc bought a new stake in Travelers Companies in the second quarter worth $558,164,000. Finally, Bank of New York Mellon Corp bought a new stake in Travelers Companies in the second quarter worth $469,505,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 9,016 shares of the business's stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $405.57, for a total value of $3,656,619.12. Following the sale, the executive vice president owned 6,075 shares in the company, valued at $2,463,837.75. The trade was a 59.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory C. Toczydlowski sold 34,771 shares of the business's stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $403.89, for a total value of $14,043,659.19. Following the completion of the sale, the executive vice president owned 18,416 shares in the company, valued at $7,438,038.24. This represents a 65.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 166,287 shares of company stock valued at $66,182,760. 1.39% of the stock is owned by corporate insiders.

Travelers Companies News Summary

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: DOWLING & PARTN raised its fiscal 2026 EPS estimate for Travelers to $35.75 from $32.50, slightly above the current consensus estimate of $35.65. The revision suggests increased confidence in the insurer’s earnings outlook.
• Positive Sentiment: Keefe, Bruyette & Woods, Mizuho and JPMorgan Chase reportedly increased their price targets for TRV. The target increases add to the positive analyst momentum surrounding the shares. Keefe, Bruyette & Woods price target article Mizuho price target article JPMorgan price target article
• Positive Sentiment: Zacks highlighted Travelers as a potential momentum stock, reflecting its recent price strength and favorable trend signals. Zacks Travelers momentum article
• Positive Sentiment: Diversify Advisory Services increased its TRV holdings by 20.5% in the third quarter. Institutional buying can provide modest support for the stock. Diversify Advisory Services holdings article
• Neutral Sentiment: Travelers’ latest quarterly results were strong, with EPS of $9.18 versus a $7.39 estimate and revenue of $12.41 billion versus an $11.36 billion forecast. However, revenue declined slightly year over year, and the average analyst rating remains Hold.
• Negative Sentiment: EVPs Michael Klein and Maria Olivo sold a combined 22,600 shares worth roughly $9 million. Both executives retained sizable positions, but the transactions may create a modestly negative signal. Michael Klein SEC filing Maria Olivo SEC filing
• Negative Sentiment: BMO Capital maintained a Hold rating and Barclays issued a Sell rating, underscoring concerns about valuation after TRV’s recent advance.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TRV shares. Wells Fargo & Company upped their price target on shares of Travelers Companies from $341.00 to $377.00 and gave the stock an "equal weight" rating in a research note on Monday, October 19th. Mizuho raised their price objective on shares of Travelers Companies from $345.00 to $371.00 and gave the company a "neutral" rating in a research note on Tuesday. Bank of America lifted their target price on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an "underperform" rating in a report on Monday, July 20th. Roth Capital upped their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Finally, HSBC increased their price target on shares of Travelers Companies from $321.00 to $351.00 and gave the company a "hold" rating in a report on Monday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $365.37.

Travelers Companies Trading Down 1.8%

Shares of TRV stock opened at $398.33 on Friday. The Travelers Companies, Inc. has a 1 year low of $264.25 and a 1 year high of $407.86. The firm has a fifty day moving average price of $371.39 and a 200-day moving average price of $341.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $81.64 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 2.83 and a beta of 0.43.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, topping analysts' consensus estimates of $7.39 by $1.79. The company had revenue of $12.41 billion for the quarter, compared to analysts' expectations of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. Travelers Companies's revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $8.14 EPS. As a group, equities analysts predict that The Travelers Companies, Inc. will post 35.96 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be paid a dividend of $1.25 per share. The ex-dividend date is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Travelers Companies's payout ratio is 13.11%.

Travelers Companies Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers' compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.