The Travelers Companies, Inc. $TRV Shares Sold by Interchange Capital Partners LLC

Key Points

• Interchange Capital Partners LLC significantly reduced its holdings in The Travelers Companies, selling 2,339 shares to end the quarter with just 130 shares, a 94.7% decrease.
• The company reported earnings of $6.51 per share for the last quarter, surpassing expectations of $3.52, with revenues rising 7.4% year-over-year to $11.54 billion.
• Currently, institutional investors and hedge funds own 82.45% of Travelers Companies stock, indicating strong institutional interest in the firm.

Interchange Capital Partners LLC reduced its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 94.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 130 shares of the insurance provider's stock after selling 2,339 shares during the quarter. Interchange Capital Partners LLC's holdings in Travelers Companies were worth $35,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TRV. Cornerstone Planning Group LLC boosted its holdings in shares of Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after acquiring an additional 84 shares during the period. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Travelers Companies in the first quarter valued at approximately $26,000. Missouri Trust & Investment Co raised its stake in shares of Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider's stock worth $27,000 after purchasing an additional 55 shares during the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of Travelers Companies during the first quarter worth approximately $32,000. Finally, Nova Wealth Management Inc. purchased a new stake in shares of Travelers Companies during the second quarter worth approximately $32,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Down 2.2%

Shares of TRV stock opened at $269.54 on Thursday. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $287.95. The stock has a market cap of $60.68 billion, a P/E ratio of 11.92, a P/E/G ratio of 3.06 and a beta of 0.51. The business has a fifty day simple moving average of $274.06 and a 200-day simple moving average of $266.33. 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 announced its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter last year, the business posted $2.51 earnings per share. The business's revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. UBS Group upped their price target on Travelers Companies from $284.00 to $287.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on Travelers Companies from $289.00 to $297.00 and gave the stock an "underweight" rating in a research note on Thursday, October 9th. Wolfe Research assumed coverage on Travelers Companies in a research note on Monday, September 15th. They set a "peer perform" rating for the company. Morgan Stanley increased their price objective on Travelers Companies from $269.00 to $285.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 7th. Finally, Evercore ISI reiterated an "outperform" rating on shares of Travelers Companies in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $290.11.

Insiders Place Their Bets

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction on Monday, July 21st. The stock was 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. This trade represents a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. Company 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.

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.