Claro Advisors LLC Has $1.63 Million Position in The Travelers Companies, Inc. $TRV

Claro Advisors LLC reduced its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,109 shares of the insurance provider’s stock after selling 225 shares during the quarter. Claro Advisors LLC’s holdings in Travelers Companies were worth $1,634,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC grew its position in shares of Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Travelers Companies in the first quarter valued at about $26,000. Missouri Trust & Investment Co lifted its stake in shares of Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the period. Quaker Wealth Management LLC lifted its stake in shares of Travelers Companies by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after buying an additional 208 shares during the period. Finally, Nova Wealth Management Inc. bought a new stake in shares of Travelers Companies in the second quarter valued at about $32,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Up 3.5%

Shares of TRV opened at $277.14 on Wednesday. The stock has a market cap of $61.82 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 2.38 and a beta of 0.51. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $287.95. The company has a 50-day moving average price of $273.87 and a two-hundred day moving average price of $268.42.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company had revenue of $11.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter in the previous year, the company posted $5.24 earnings per share. Travelers Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a $1.10 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies’s payout ratio is presently 17.30%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 8,572 shares of Travelers Companies stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. The trade was a 20.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on TRV shares. Wolfe Research started coverage on Travelers Companies in a research report on Monday, September 15th. They issued a “peer perform” rating for the company. Wells Fargo & Company reiterated a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a research note on Friday, October 17th. Finally, Wall Street Zen cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $291.31.

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.