Rhumbline Advisers Reduces Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Rhumbline Advisers reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 432,782 shares of the insurance provider’s stock after selling 5,297 shares during the period. Rhumbline Advisers’ holdings in Travelers Companies were worth $88,002,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its stake in Travelers Companies by 7.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 112,423 shares of the insurance provider’s stock valued at $21,416,000 after purchasing an additional 8,085 shares in the last quarter. Natixis Advisors L.P. boosted its stake in Travelers Companies by 4.8% during the 4th quarter. Natixis Advisors L.P. now owns 76,727 shares of the insurance provider’s stock valued at $14,615,000 after acquiring an additional 3,522 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Travelers Companies by 50.1% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 5,902 shares of the insurance provider’s stock worth $1,124,000 after purchasing an additional 1,970 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Travelers Companies by 49.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 4,274 shares of the insurance provider’s stock worth $814,000 after buying an additional 1,422 shares during the last quarter. Finally, Spire Wealth Management grew its position in shares of Travelers Companies by 9.7% during the 4th quarter. Spire Wealth Management now owns 3,042 shares of the insurance provider’s stock valued at $579,000 after buying an additional 269 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $227.95 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $52.20 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. The stock has a fifty day moving average of $213.14 and a 200-day moving average of $215.99. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same quarter in the previous year, the firm posted $0.06 EPS. Travelers Companies’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is 31.20%.

Analyst Ratings Changes

A number of brokerages have commented on TRV. William Blair restated a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Royal Bank of Canada restated a “sector perform” rating and set a $225.00 price objective on shares of Travelers Companies in a research report on Monday, July 22nd. Citigroup raised their target price on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. boosted their price target on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Finally, Bank of America lifted their price objective on shares of Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research report on Monday, July 22nd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $223.78.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.33% of the company’s stock.

Travelers Companies Company 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.