The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Independent Advisor Alliance

Key Points

• Independent Advisor Alliance has reduced its stake in The Travelers Companies by 9.0%, now holding 34,180 shares valued at approximately $9,039,000.
• Travelers Companies has received mixed updates from analysts, with Wall Street Zen downgrading its rating from "buy" to "hold," while Wells Fargo and UBS increased their price targets for the stock.
• The company announced a quarterly dividend of $1.10, which will be paid on September 30th, representing an annualized yield of 1.7%.

Independent Advisor Alliance trimmed its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 9.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,180 shares of the insurance provider's stock after selling 3,386 shares during the quarter. Independent Advisor Alliance's holdings in Travelers Companies were worth $9,039,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TRV. Cornerstone Planning Group LLC boosted its position in shares of Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 84 shares during the period. Putney Financial Group LLC acquired a new stake in shares of Travelers Companies in the 4th quarter valued at about $26,000. Ameriflex Group Inc. acquired a new stake in shares of Travelers Companies in the 4th quarter valued at about $26,000. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Travelers Companies in the 1st quarter valued at about $26,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Travelers Companies in the 4th quarter valued at about $30,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on TRV shares. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Wells Fargo & Company upped their price objective 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. Evercore ISI upped their price objective on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. UBS Group upped their price objective on Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Finally, Citigroup started coverage on Travelers Companies in a research note on Wednesday. They set a "neutral" rating and a $291.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $284.56.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,000 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.50, for a total transaction of $549,000.00. Following the transaction, the insider owned 255,086 shares in the company, valued at $70,021,107. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 175,374 shares of company stock valued at $47,929,912. 1.46% of the stock is currently owned by insiders.

Travelers Companies Price Performance

NYSE TRV traded down $0.64 during mid-day trading on Thursday, hitting $268.67. The stock had a trading volume of 1,506,122 shares, compared to its average volume of 1,337,706. The Travelers Companies, Inc. has a 52-week low of $214.61 and a 52-week high of $277.83. The company has a market cap of $60.48 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a 50 day simple moving average of $262.63 and a 200 day simple moving average of $259.05. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. Travelers Companies's revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.51 earnings per share. Equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies's dividend payout ratio (DPR) is 19.46%.

About Travelers Companies

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.