The Travelers Companies, Inc. (NYSE:TRV) Stock Position Lowered by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,414 shares of the insurance provider’s stock after selling 49 shares during the period. Axxcess Wealth Management LLC’s holdings in Travelers Companies were worth $1,101,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TRV. Y.D. More Investments Ltd purchased a new stake in shares of Travelers Companies in the second quarter worth approximately $25,000. Pathway Financial Advisers LLC purchased a new position in shares of Travelers Companies during the 1st quarter valued at $35,000. Beacon Capital Management LLC boosted 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 valued at $36,000 after purchasing an additional 66 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in Travelers Companies in the first quarter valued at about $42,000. Finally, Tributary Capital Management LLC acquired a new position in Travelers Companies in the 1st quarter worth about $45,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TRV shares. Citigroup lifted their price target on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a research report on Monday, July 22nd. Bank of America raised their price target on shares of Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $227.05.

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 that occurred 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 sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Down 0.9 %

TRV opened at $237.59 on Friday. The business has a 50 day moving average of $220.88 and a 200-day moving average of $217.43. The stock has a market capitalization of $54.15 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 1.26 and a beta of 0.62. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $243.48.

Travelers Companies (NYSE:TRV) last issued its quarterly 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). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same period last year, the company earned $0.06 earnings per share. Travelers Companies’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.77%. Travelers Companies’s dividend payout ratio is 31.20%.

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.