Summit Investment Advisors Inc. Reduces Holdings in The Travelers Companies, Inc. $TRV

Summit Investment Advisors Inc. decreased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 20.4% during the first quarter, HoldingsChannel reports. The firm owned 2,160 shares of the insurance provider’s stock after selling 552 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Travelers Companies were worth $571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. acquired a new position in Travelers Companies in the 1st quarter worth approximately $26,000. Missouri Trust & Investment Co boosted its holdings in shares of Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares during the last quarter. Quaker Wealth Management LLC increased 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 worth $28,000 after acquiring an additional 208 shares during the period. Flaharty Asset Management LLC purchased a new position in shares of Travelers Companies during the first quarter worth $32,000. Finally, Nova Wealth Management Inc. acquired a new position in Travelers Companies during the second quarter valued at $32,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $6,956,250.00. Following the sale, the chief financial officer owned 26,932 shares of the company’s stock, valued at approximately $7,493,829. This represents a 48.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 50,392 shares of company stock worth $13,945,170. Insiders own 1.46% of the company’s stock.

Travelers Companies Trading Up 0.4%

TRV stock opened at $287.23 on Friday. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $290.62. The business’s 50-day moving average is $275.06 and its 200 day moving average is $269.44. 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 cap of $64.07 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 2.38 and a beta of 0.55.

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

Travelers Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Citigroup initiated coverage on Travelers Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price objective on the stock. Wolfe Research started coverage on shares of Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating on the stock. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Finally, Wells Fargo & Company reissued a “positive” 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 given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $291.31.

Travelers Companies Company 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.