Castle Rock Wealth Management LLC Sells 90 Shares of The Travelers Companies, Inc. $TRV

Castle Rock Wealth Management LLC cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 10.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 787 shares of the insurance provider’s stock after selling 90 shares during the period. Castle Rock Wealth Management LLC’s holdings in Travelers Companies were worth $209,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. PFG Advisors boosted its holdings in Travelers Companies by 108.8% in the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock valued at $1,125,000 after purchasing an additional 2,217 shares during the period. Greatmark Investment Partners Inc. lifted its holdings in shares of Travelers Companies by 3.0% during the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock worth $16,120,000 after acquiring an additional 1,772 shares during the period. Portside Wealth Group LLC bought a new position in shares of Travelers Companies during the 1st quarter worth about $208,000. Atlas Capital Advisors Inc. lifted its holdings in shares of Travelers Companies by 890.9% during the 1st quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock worth $1,205,000 after acquiring an additional 4,098 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Travelers Companies by 47.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock worth $1,403,000 after acquiring an additional 1,703 shares during the period. 82.45% of the stock is owned by institutional investors.

Insider Activity

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the sale, the executive vice president owned 18,416 shares of the company’s stock, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.46% of the company’s stock.

Travelers Companies Trading Down 0.8%

TRV opened at $282.80 on Thursday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $63.67 billion, a PE ratio of 12.51, a PEG ratio of 3.27 and a beta of 0.51. The Travelers Companies, Inc. has a 1-year low of $227.02 and a 1-year high of $287.95. The firm has a 50-day moving average price of $273.15 and a two-hundred day moving average price of $265.96.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating the consensus estimate of $3.52 by $2.99. The firm had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.51 EPS. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.46%.

Analyst Ratings Changes

A number of research firms have recently commented on TRV. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $275.00 to $291.00 and gave the stock an “equal weight” rating in a report on Wednesday. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Wolfe Research began coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating for the company. Keefe, Bruyette & Woods raised their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $288.67.

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.