Burney Co. Sells 562 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Burney Co. lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,238 shares of the insurance provider’s stock after selling 562 shares during the quarter. Burney Co.’s holdings in Travelers Companies were worth $2,489,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TRV. Northwest Financial Advisors bought a new stake in Travelers Companies in the 4th quarter valued at $32,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies in the first quarter worth about $35,000. Beacon Capital Management LLC boosted its stake 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 buying an additional 66 shares during the last quarter. Private Wealth Management Group LLC purchased a new position in Travelers Companies during the 4th quarter valued at approximately $39,000. Finally, Opal Wealth Advisors LLC bought a new stake in Travelers Companies in the 1st quarter worth approximately $42,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.6 %

TRV stock traded up $1.40 during mid-day trading on Thursday, reaching $225.80. The company had a trading volume of 357,339 shares, compared to its average volume of 1,330,357. The company has a market capitalization of $51.71 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 1.12 and a beta of 0.61. The firm has a 50 day moving average of $211.45 and a 200 day moving average of $215.63. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). The firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 earnings per share. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.23 earnings per share 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 issued a $1.05 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.86%. Travelers Companies’s payout ratio is currently 31.20%.

Wall Street Analyst Weigh In

TRV has been the topic of several research reports. Morgan Stanley reduced their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $252.00 to $230.00 in a report on Monday, July 15th. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. JPMorgan Chase & Co. upped 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. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $223.78.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were 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 of the company’s stock, valued at approximately $4,820,409.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.33% of the stock is owned by insiders.

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.