The Travelers Companies, Inc. $TRV Stock Holdings Reduced by Vident Advisory LLC

Key Points

• Vident Advisory LLC reduced its stake in The Travelers Companies by 59.3%, holding 2,361 shares valued at $624,000 after selling 3,436 shares in the first quarter.
• Travelers reported earnings of $6.51 per share, exceeding the consensus estimate of $3.52, and achieved a revenue of $11.54 billion for the quarter.
• The company declared a quarterly dividend of $1.10 per share, with a dividend yield of 1.6%, set to be paid on September 30th to stockholders of record by September 10th.

Vident Advisory LLC cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 59.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,361 shares of the insurance provider's stock after selling 3,436 shares during the quarter. Vident Advisory LLC's holdings in Travelers Companies were worth $624,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TRV. Brighton Jones LLC raised its stake in Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC acquired a new position in Travelers Companies during the 4th quarter valued at about $276,000. Captrust Financial Advisors boosted its stake in Travelers Companies by 6.0% during the 4th quarter. Captrust Financial Advisors now owns 33,110 shares of the insurance provider's stock valued at $7,976,000 after purchasing an additional 1,881 shares during the period. BOKF NA boosted its stake in Travelers Companies by 0.8% during the 4th quarter. BOKF NA now owns 7,155 shares of the insurance provider's stock valued at $1,663,000 after purchasing an additional 57 shares during the period. Finally, Centiva Capital LP boosted its stake in Travelers Companies by 114.5% during the 4th quarter. Centiva Capital LP now owns 3,314 shares of the insurance provider's stock valued at $798,000 after purchasing an additional 1,769 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Down 0.2%

TRV traded down $0.49 during trading on Monday, reaching $274.73. The company had a trading volume of 843,731 shares, compared to its average volume of 1,169,175. The firm's 50-day simple moving average is $265.09 and its 200 day simple moving average is $262.84. The company has a market cap of $61.85 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 3.16 and a beta of 0.53. The Travelers Companies, Inc. has a 12-month low of $224.62 and a 12-month high of $280.70. 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 issued its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. The firm had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.Travelers Companies's revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $2.51 EPS. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's dividend payout ratio is currently 19.46%.

Analysts Set New Price Targets

Several equities analysts have commented on TRV shares. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Wells Fargo & Company raised 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. Wall Street Zen downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Citigroup started coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price target for the company. Finally, Barclays downgraded shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $280.00 to $274.00 in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Travelers Companies has an average rating of "Hold" and a consensus price target of $284.56.

Insider Activity

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was 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 corporate insiders.

About Travelers Companies

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.