9258 Wealth Management LLC Sells 153 Shares of The Travelers Companies, Inc. (NYSE:TRV)

9258 Wealth Management LLC trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 12.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,037 shares of the insurance provider’s stock after selling 153 shares during the period. 9258 Wealth Management LLC’s holdings in Travelers Companies were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRV. Vanguard Group Inc. raised its stake in shares of Travelers Companies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock valued at $4,132,313,000 after purchasing an additional 148,012 shares during the period. JPMorgan Chase & Co. increased its position in shares of Travelers Companies by 36.8% during the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after buying an additional 3,158,979 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Travelers Companies by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock worth $595,075,000 after buying an additional 154,886 shares in the last quarter. Norges Bank bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $282,593,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Travelers Companies by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock valued at $273,529,000 after acquiring an additional 40,114 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.2 %

Shares of NYSE:TRV opened at $231.85 on Friday. The stock has a market capitalization of $53.09 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. The stock’s 50-day moving average price is $214.15 and its 200-day moving average price is $216.21. 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 12-month low of $157.33 and a 12-month high of $234.18.

Travelers Companies (NYSE:TRV) last posted 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 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 the consensus estimate of $11.35 billion. During the same quarter in the previous year, the business earned $0.06 earnings per share. Travelers Companies’s revenue was up 11.7% compared to the same quarter last year. On average, equities 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 issued a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.81%. Travelers Companies’s dividend payout ratio is currently 31.20%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were 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 $4,820,409.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on TRV shares. Bank of America increased their target price on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research note on Monday, July 22nd. Barclays assumed coverage on Travelers Companies in a research note on Wednesday. They set an “overweight” rating and a $286.00 price objective for the company. TD Cowen lowered Travelers Companies from a “buy” rating to a “hold” rating and decreased their target price for the stock from $252.00 to $230.00 in a research note on Monday, July 15th. 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 report on Wednesday, August 7th. Finally, William Blair restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $227.05.

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.