The Travelers Companies, Inc. $TRV Shares Sold by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC reduced its stake in The Travelers Companies by 18.9%, now holding 25,613 shares valued at approximately $6.77 million following the sale of 5,964 shares.
• The company's recent earnings report showed $6.51 earnings per share, exceeding estimates significantly, with revenues of $11.54 billion for the quarter, a 7.4% increase year-over-year.
• Travelers Companies announced a quarterly dividend of $1.10 per share, reflecting a 1.6% yield, with the upcoming ex-dividend date set for September 10th.

NewEdge Advisors LLC lowered its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 18.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,613 shares of the insurance provider's stock after selling 5,964 shares during the quarter. NewEdge Advisors LLC's holdings in Travelers Companies were worth $6,774,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Travelers Companies by 0.5% in the first quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider's stock valued at $5,747,656,000 after acquiring an additional 115,808 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Travelers Companies by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider's stock valued at $899,988,000 after acquiring an additional 25,573 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Travelers Companies by 12.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,620 shares of the insurance provider's stock valued at $653,443,000 after acquiring an additional 291,506 shares during the period. GAMMA Investing LLC raised its stake in shares of Travelers Companies by 31,132.9% in the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock valued at $582,733,000 after acquiring an additional 2,196,426 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Travelers Companies by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock valued at $511,631,000 after acquiring an additional 390,104 shares during the period. Institutional investors own 82.45% of the company's stock.

Insider Transactions at Travelers Companies

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were 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. This trade represents a 38.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm's stock in a transaction dated 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 currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TRV shares. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the company an "equal weight" rating in a research note on Monday, May 19th. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Wells Fargo & Company increased their target price on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" 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 reduced their target price for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Finally, UBS Group raised their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $284.56.

Travelers Companies Stock Down 0.2%

Travelers Companies stock traded down $0.61 during midday trading on Friday, hitting $278.83. 852,100 shares of the company's stock were exchanged, compared to its average volume of 1,107,784. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 12 month low of $224.62 and a 12 month high of $280.70. The firm has a 50-day moving average of $266.13 and a two-hundred day moving average of $263.38. The company has a market cap of $62.77 billion, a PE ratio of 12.33, a P/E/G ratio of 3.21 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $11.02 billion. During the same period in the prior year, the business earned $2.51 EPS. The firm's quarterly revenue was up 7.4% on a year-over-year basis. As a group, analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

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.