The Travelers Companies, Inc. $TRV Shares Sold by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC reduced its holdings in The Travelers Companies, Inc. by 20.5%, resulting in ownership of 5,430 shares worth approximately $1.45 million.
• Travelers Companies reported $6.51 earnings per share for the last quarter, significantly exceeding analysts' expectations of $3.52, and had a year-over-year revenue increase of 7.4%.
• The firm recently announced a quarterly dividend of $1.10 per share, which reflects an annual yield of 1.5% and a payout ratio of 19.46%.

Belpointe Asset Management LLC lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 20.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,430 shares of the insurance provider's stock after selling 1,402 shares during the quarter. Belpointe Asset Management LLC's holdings in Travelers Companies were worth $1,453,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PFG Advisors increased its holdings in Travelers Companies by 108.8% in the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider's stock worth $1,125,000 after buying an additional 2,217 shares during the period. Greatmark Investment Partners Inc. increased its holdings 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 valued at $16,120,000 after purchasing an additional 1,772 shares in the last quarter. Portside Wealth Group LLC purchased a new position in shares of Travelers Companies during the 1st quarter valued at approximately $208,000. Atlas Capital Advisors Inc. increased its holdings in shares of Travelers Companies by 890.9% during the 1st quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider's stock valued at $1,205,000 after purchasing an additional 4,098 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings 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 valued at $1,403,000 after purchasing an additional 1,703 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $285.21 on Wednesday. The company's fifty day moving average price is $272.67 and its 200 day moving average price is $265.84. The Travelers Companies, Inc. has a 1 year low of $226.11 and a 1 year high of $286.89. The stock has a market capitalization of $64.21 billion, a P/E ratio of 12.61, a P/E/G ratio of 3.25 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced 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 quarter in the previous year, the company posted $2.51 EPS. The firm's quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 10th. Travelers Companies's payout ratio is 19.46%.

Analyst Ratings Changes

Several research firms have recently weighed in on TRV. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Travelers Companies in a report on Saturday, September 27th. Wolfe Research began coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a "peer perform" rating for the company. UBS Group lifted their target price on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Keefe, Bruyette & Woods lifted their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Finally, Citigroup assumed coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and an average price target of $285.44.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies 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 sale, the executive vice president owned 18,416 shares of the company's stock, valued at $4,900,865.92. The trade was a 38.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business'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. 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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