TD Asset Management Inc Sells 8,272 Shares of The Travelers Companies, Inc. $TRV

Key Points

• TD Asset Management Inc sold 8,272 shares of The Travelers Companies, Inc., reducing its stake by 3.2% to a total of 252,119 shares valued at approximately $67.45 million.
• Insider selling included Mojgan M. Lefebvre, who sold 16,820 shares for over $4.6 million, and Gregory C. Toczydlowski, who sold 11,505 shares valued at around $3.06 million.
• The Travelers Companies recently reported earnings of $6.51 per share, exceeding estimates and reflecting a 7.4% year-over-year revenue increase to $11.54 billion.

TD Asset Management Inc decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 252,119 shares of the insurance provider's stock after selling 8,272 shares during the period. TD Asset Management Inc owned 0.11% of Travelers Companies worth $67,452,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC lifted its holdings in shares of Travelers Companies by 700.0% during 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 last quarter. Greykasell Wealth Strategies Inc. acquired a new position in Travelers Companies during the 1st quarter valued at about $26,000. Missouri Trust & Investment Co raised its stake in Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider's stock valued at $27,000 after buying an additional 55 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in Travelers Companies in the first quarter worth about $32,000. Finally, Nova Wealth Management Inc. acquired a new stake in Travelers Companies in the second quarter worth about $32,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's 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 completion of the transaction, the executive vice president owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is owned by company insiders.

Travelers Companies Stock Performance

Shares of TRV stock opened at $269.54 on Thursday. The Travelers Companies, Inc. has a 52-week low of $230.23 and a 52-week high of $287.95. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market cap of $60.68 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 3.06 and a beta of 0.51. The business has a 50-day simple moving average of $274.06 and a 200-day simple moving average of $266.33.

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 for the quarter, beating the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.02 billion. During the same period last year, the business earned $2.51 earnings per share. Travelers Companies's quarterly revenue was up 7.4% on a year-over-year basis. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Wall Street Analyst Weigh In

TRV has been the topic of several recent analyst reports. UBS Group upped their price objective on shares of Travelers Companies from $284.00 to $287.00 and gave the company a "neutral" rating in a report on Wednesday, October 8th. Wells Fargo & Company raised their price target on shares of Travelers Companies from $275.00 to $291.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 8th. Citigroup began coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price objective for the company. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, Barclays set a $313.00 price target on Travelers Companies in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $290.11.

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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