The Travelers Companies, Inc. $TRV Stock Holdings Cut by Bahl & Gaynor LLC

Key Points

• Bahl & Gaynor cut its Travelers stake by 12.4% in the third quarter, selling 113,725 shares; it ended the period with 803,120 shares valued at about $286.3 million.
• Travelers reported quarterly EPS of $9.18, above the $7.39 consensus, and revenue of $12.41 billion versus estimates of $11.36 billion. Revenue was down 0.5% year over year.
• Analysts’ consensus rating was Hold, with an average price target of $370.83. Travelers also declared a quarterly dividend of $1.25 per share, equivalent to a 1.2% yield at the article’s cited share price.

Bahl & Gaynor LLC cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 12.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 803,120 shares of the insurance provider's stock after selling 113,725 shares during the quarter. Travelers Companies makes up approximately 1.4% of Bahl & Gaynor LLC's portfolio, making the stock its 20th largest holding. Bahl & Gaynor LLC owned 0.39% of Travelers Companies worth $286,320,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Signature Equity Partners LLC increased its stake in shares of Travelers Companies by 35.1% in the third quarter. Signature Equity Partners LLC now owns 104 shares of the insurance provider's stock worth $37,000 after purchasing an additional 27 shares in the last quarter. Berman McAleer LLC boosted its holdings in Travelers Companies by 3.5% in the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider's stock worth $295,000 after buying an additional 30 shares during the period. Beaumont Financial Advisors LLC boosted its holdings in Travelers Companies by 2.4% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 1,347 shares of the insurance provider's stock worth $480,000 after buying an additional 31 shares during the period. Willner & Heller LLC grew its stake in Travelers Companies by 2.7% in the 2nd quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider's stock valued at $398,000 after buying an additional 32 shares in the last quarter. Finally, Avalon Trust Co grew its stake in Travelers Companies by 0.4% in the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider's stock valued at $2,562,000 after buying an additional 35 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TRV shares. Bank of America boosted their target price on shares of Travelers Companies from $301.00 to $320.00 and gave the company an "underperform" rating in a report on Monday, October 12th. Morgan Stanley raised their price target on Travelers Companies from $330.00 to $350.00 and gave the stock an "underweight" rating in a report on Friday, October 23rd. Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $372.00 to $382.00 and gave the company a "market perform" rating in a research report on Tuesday, October 20th. Jefferies Financial Group lifted their price target on Travelers Companies from $351.00 to $365.00 and gave the company a "hold" rating in a research report on Monday, October 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $384.00 price objective (up from $363.00) on shares of Travelers Companies in a research note on Monday, October 19th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $370.83.

Travelers Companies Price Performance

NYSE:TRV opened at $400.89 on Wednesday. The firm has a market capitalization of $82.16 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 2.73 and a beta of 0.40. The Travelers Companies, Inc. has a 52-week low of $268.00 and a 52-week high of $418.00. The stock has a fifty day moving average of $378.86 and a 200 day moving average of $333.99. The company has a debt-to-equity ratio of 0.34, 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 Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The business had revenue of $12.41 billion during the quarter, compared to analyst estimates of $11.36 billion. During the same period in the previous year, the business posted $8.14 earnings per share. Travelers Companies's revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts expect that The Travelers Companies, Inc. will post 36.27 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, December 10th. Travelers Companies's dividend payout ratio is presently 13.11%.

Insider Activity

In related news, EVP Jeffrey P. Klenk sold 9,016 shares of the business's stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $405.57, for a total value of $3,656,619.12. Following the completion of the sale, the executive vice president owned 6,075 shares in the company, valued at $2,463,837.75. The trade was a 59.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Gregory C. Toczydlowski sold 34,771 shares of the company's stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $403.89, for a total value of $14,043,659.19. Following the completion of the sale, the executive vice president directly owned 18,416 shares of the company's stock, valued at approximately $7,438,038.24. This represents a 65.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 195,287 shares of company stock worth $77,818,050. 1.39% of the stock is currently owned by insiders.

Travelers Companies Profile

The Travelers Companies, Inc. is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers' compensation and commercial auto insurance. The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.

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