Garner Asset Management Corp Has $2.88 Million Stock Position in The Travelers Companies, Inc. $TRV

Garner Asset Management Corp cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 14.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,768 shares of the insurance provider’s stock after selling 1,831 shares during the period. Travelers Companies comprises approximately 1.3% of Garner Asset Management Corp’s investment portfolio, making the stock its 22nd biggest position. Garner Asset Management Corp’s holdings in Travelers Companies were worth $2,881,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TRV. Valeo Financial Advisors LLC grew its position in Travelers Companies by 71,265.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after acquiring an additional 3,611,758 shares during the last quarter. Nuveen LLC bought a new position in Travelers Companies in the first quarter valued at about $294,755,000. JPMorgan Chase & Co. boosted its stake in shares of Travelers Companies by 10.9% during the second quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock valued at $2,040,475,000 after purchasing an additional 751,715 shares in the last quarter. Bahl & Gaynor Inc. grew its holdings in shares of Travelers Companies by 41.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock worth $444,101,000 after purchasing an additional 490,039 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Travelers Companies by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after buying an additional 390,104 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the transaction, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,493,829. This represents a 48.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 37,375 shares of company stock valued at $10,374,006. 1.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TRV shares. Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research report on Thursday, October 9th. Morgan Stanley raised their price target on shares of Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Barclays set a $313.00 price objective on shares of Travelers Companies in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $292.73.

Travelers Companies Stock Performance

Shares of TRV opened at $294.44 on Thursday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $65.68 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The firm’s fifty day simple moving average is $277.51 and its two-hundred day simple moving average is $270.87. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $296.85.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping the consensus estimate of $6.01 by $2.13. The firm had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the company posted $5.24 EPS. As a group, analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s payout ratio is presently 17.30%.

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.