Steward Partners Investment Advisory LLC Cuts Position in The Travelers Companies, Inc. $TRV

Steward Partners Investment Advisory LLC decreased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,404 shares of the insurance provider’s stock after selling 1,057 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Travelers Companies were worth $5,459,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC boosted its stake in shares of 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 in the last quarter. Nuveen LLC purchased a new position in Travelers Companies in the 1st quarter valued at approximately $294,755,000. JPMorgan Chase & Co. raised its holdings in Travelers Companies by 10.9% during the second quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock worth $2,040,475,000 after purchasing an additional 751,715 shares during the last quarter. Bahl & Gaynor Inc. boosted its position in 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 in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in 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 purchasing an additional 390,104 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total transaction of $575,000.00. Following the transaction, the insider directly owned 255,086 shares in the company, valued at approximately $73,337,225. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 25,000 shares of Travelers Companies stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the completion of the sale, the chief financial officer owned 26,932 shares of the company’s stock, valued at $7,493,829. This trade represents a 48.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 37,375 shares of company stock worth $10,374,006. 1.46% of the stock is currently owned by insiders.

Travelers Companies Stock Performance

NYSE:TRV opened at $294.44 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market cap of $65.68 billion, a PE ratio of 11.58, a P/E/G ratio of 2.38 and a beta of 0.55. The firm has a 50 day simple moving average of $277.51 and a 200-day simple moving average of $270.87. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $296.85.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS 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 analysts’ expectations of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. Travelers Companies’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $5.24 EPS. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TRV shares. Morgan Stanley lifted their price target on Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. Barclays set a $313.00 target price on shares of Travelers Companies in a research report on Wednesday, October 8th. Piper Sandler increased their price target on shares of Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Finally, Keefe, Bruyette & Woods upped their target price on Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $292.73.

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.