Bailard Inc. Sells 2,016 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Bailard Inc. trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 31.6% during the second quarter, Holdings Channel reports. The firm owned 4,373 shares of the insurance provider’s stock after selling 2,016 shares during the quarter. Bailard Inc.’s holdings in Travelers Companies were worth $889,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of TRV. International Assets Investment Management LLC lifted its position in shares of Travelers Companies by 19,918.1% in the fourth quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock valued at $90,641,000 after buying an additional 473,453 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Travelers Companies by 235.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 17,886 shares of the insurance provider’s stock valued at $3,407,000 after buying an additional 12,548 shares during the last quarter. Addison Advisors LLC lifted its position in shares of Travelers Companies by 51.8% in the fourth quarter. Addison Advisors LLC now owns 331 shares of the insurance provider’s stock valued at $63,000 after buying an additional 113 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Travelers Companies by 4.8% in the fourth quarter. Russell Investments Group Ltd. now owns 587,529 shares of the insurance provider’s stock valued at $111,897,000 after buying an additional 27,020 shares during the last quarter. Finally, Transcend Capital Advisors LLC lifted its position in shares of Travelers Companies by 7.3% in the fourth quarter. Transcend Capital Advisors LLC now owns 2,627 shares of the insurance provider’s stock valued at $500,000 after buying an additional 179 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Citigroup lifted their price target on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. TD Cowen cut Travelers Companies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Finally, William Blair reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus price target of $223.78.

Insider Activity

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 value of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV traded up $1.15 during midday trading on Monday, hitting $222.97. The company’s stock had a trading volume of 697,229 shares, compared to its average volume of 1,343,327. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The company’s fifty day simple moving average is $211.14 and its two-hundred day simple moving average is $215.57. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $51.06 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.12 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results 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 net margin of 8.37% and a return on equity of 15.90%. The business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same quarter in the previous year, the business posted $0.06 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities analysts expect that The Travelers Companies, Inc. will post 17.23 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.88%. Travelers Companies’s payout ratio is 31.20%.

Travelers Companies 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.