The Travelers Companies, Inc. $TRV Stock Holdings Reduced by Confluence Wealth Services Inc.

Key Points

• Confluence Wealth Services Inc. reduced its holdings in The Travelers Companies by 94.8%, now owning only 1,038 shares worth approximately $278,000 after selling 18,754 shares in the second quarter.
• Institutional investors collectively hold 82.45% of Travelers Companies stock, with notable increases in positions from firms like Vanguard and Valeo Financial Advisors.
• Travelers Companies reported a strong quarterly earnings increase, with an EPS of $6.51, beating estimates, and a revenue rise of 7.4% year-over-year.

Confluence Wealth Services Inc. trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 94.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,038 shares of the insurance provider's stock after selling 18,754 shares during the quarter. Confluence Wealth Services Inc.'s holdings in Travelers Companies were worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Travelers Companies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider's stock worth $5,747,656,000 after purchasing an additional 115,808 shares during the last quarter. Valeo Financial Advisors LLC increased its position in Travelers Companies by 71,265.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider's stock worth $967,646,000 after buying an additional 3,611,758 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Travelers Companies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider's stock valued at $899,988,000 after buying an additional 25,573 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Travelers Companies by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock worth $511,631,000 after buying an additional 390,104 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its holdings in shares of Travelers Companies by 41.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock valued at $444,101,000 after acquiring an additional 490,039 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TRV. Wolfe Research began coverage on Travelers Companies in a report on Monday, September 15th. They issued a "peer perform" rating for the company. Barclays cut shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. UBS Group raised their target price on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Evercore ISI reiterated an "outperform" rating on shares of Travelers Companies in a report on Wednesday, October 1st. Finally, Wells Fargo & Company upped their price target on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Travelers Companies currently has a consensus rating of "Hold" and a consensus target price of $284.56.

Insider Activity at Travelers Companies

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 stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $266.12, for a total value 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 $4,900,865.92. The trade was 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 currently owned by company insiders.

Travelers Companies Stock Performance

NYSE TRV opened at $282.70 on Tuesday. The company's fifty day moving average is $272.16 and its two-hundred day moving average is $265.71. The Travelers Companies, Inc. has a 52-week low of $224.62 and a 52-week high of $286.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $63.65 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 3.27 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last released its 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 net margin of 10.97% and a return on equity of 18.68%. 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 company earned $2.51 earnings per share. The firm's revenue was up 7.4% on a year-over-year basis. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were given a $1.10 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies's dividend payout ratio (DPR) is currently 19.46%.

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.

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