The Travelers Companies, Inc. $TRV Shares Sold by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 5.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,191 shares of the insurance provider’s stock after selling 389 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Travelers Companies were worth $1,656,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TRV. Brighton Jones LLC boosted its holdings in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth $276,000. RFG Advisory LLC acquired a new stake in shares of Travelers Companies during the first quarter worth $230,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Travelers Companies by 37.2% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 753 shares of the insurance provider’s stock valued at $199,000 after buying an additional 204 shares during the last quarter. Finally, Breakwater Capital Group grew its position in Travelers Companies by 6.4% in the 1st quarter. Breakwater Capital Group now owns 1,076 shares of the insurance provider’s stock valued at $285,000 after buying an additional 65 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of TRV opened at $284.93 on Friday. The business’s 50 day moving average is $271.60 and its two-hundred day moving average is $265.48. The Travelers Companies, Inc. has a 52-week low of $224.62 and a 52-week high of $286.17. The firm has a market cap of $64.15 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 3.27 and a beta of 0.51. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $2.99. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.51 EPS. Analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 10th. Travelers Companies’s dividend payout ratio is currently 19.46%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TRV. Barclays lowered shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $280.00 to $274.00 in a research report on Monday, July 7th. Wolfe Research started coverage on shares of Travelers Companies in a research report on Monday, September 15th. They issued a “peer perform” rating on the stock. Citigroup started coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price on the stock. Weiss Ratings restated a “buy (b+)” rating on shares of Travelers Companies in a research report on Saturday, September 27th. Finally, Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $284.56.

Insider Activity at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company’s stock.

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.