New Age Alpha Advisors LLC Sells 1,153 Shares of The Travelers Companies, Inc. (NYSE:TRV)

New Age Alpha Advisors LLC lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,716 shares of the insurance provider's stock after selling 1,153 shares during the quarter. New Age Alpha Advisors LLC's holdings in Travelers Companies were worth $4,156,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. PFG Advisors raised its stake in shares of Travelers Companies by 108.8% during the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider's stock worth $1,125,000 after acquiring an additional 2,217 shares in the last quarter. Greatmark Investment Partners Inc. raised its stake in shares of Travelers Companies by 3.0% during the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider's stock worth $16,120,000 after acquiring an additional 1,772 shares in the last quarter. Portside Wealth Group LLC bought a new position in shares of Travelers Companies during the 1st quarter worth approximately $208,000. Concurrent Investment Advisors LLC raised its stake in shares of Travelers Companies by 47.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider's stock worth $1,403,000 after acquiring an additional 1,703 shares in the last quarter. Finally, Alpha Cubed Investments LLC raised its stake in shares of Travelers Companies by 200.2% during the 1st quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider's stock worth $870,000 after acquiring an additional 2,194 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Up 0.8%

NYSE TRV opened at $265.20 on Wednesday. The company has a fifty day moving average of $263.68 and a 200 day moving average of $258.16. The Travelers Companies, Inc. has a 1 year low of $207.32 and a 1 year high of $277.83. The company has a market capitalization of $59.70 billion, a PE ratio of 11.73, a P/E/G ratio of 3.05 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 (EPS) for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the prior year, the firm posted $2.51 earnings per share. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently commented on TRV shares. JPMorgan Chase & Co. boosted their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Barclays downgraded shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Citigroup reissued a "market perform" rating on shares of Travelers Companies in a research report on Monday, July 21st. Finally, Wells Fargo & Company boosted their target price on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Travelers Companies has an average rating of "Hold" and a consensus price target of $279.82.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the sale, the insider directly owned 255,086 shares of the company's stock, valued at approximately $70,021,107. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Avrohom J. Kess sold 23,434 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the transaction, the insider directly owned 48,387 shares in the company, valued at approximately $13,254,650.91. The trade was a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,374 shares of company stock valued at $47,929,912 in the last three months. 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.

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