Creative Planning Sells 1,107 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Creative Planning decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,696 shares of the insurance provider’s stock after selling 1,107 shares during the period. Creative Planning’s holdings in Travelers Companies were worth $16,612,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Y.D. More Investments Ltd acquired a new stake in Travelers Companies in the 2nd quarter worth about $25,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies in the first quarter valued at approximately $35,000. Beacon Capital Management LLC grew its position in Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Travelers Companies during the 1st quarter worth $42,000. Finally, Tributary Capital Management LLC acquired a new position in Travelers Companies in the 1st quarter valued at $45,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TRV shares. Royal Bank of Canada restated a “sector perform” rating and issued a $225.00 price target on shares of Travelers Companies in a research report on Monday, July 22nd. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and cut their price target for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Morgan Stanley decreased their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Citigroup upped their target price on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $227.05.

Travelers Companies Trading Down 0.8 %

Shares of NYSE TRV opened at $234.12 on Tuesday. The stock has a market cap of $53.61 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $243.48. The firm has a 50 day moving average price of $224.19 and a two-hundred day moving average price of $218.22. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33.

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

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were issued a $1.05 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.79%. Travelers Companies’s payout ratio is 31.20%.

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.