Tocqueville Asset Management L.P. Sells 55 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Tocqueville Asset Management L.P. lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,395 shares of the insurance provider’s stock after selling 55 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Travelers Companies were worth $1,242,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TRV. Northwest Financial Advisors acquired a new position in Travelers Companies during the 4th quarter valued at about $32,000. Opal Wealth Advisors LLC acquired a new position in Travelers Companies during the 1st quarter valued at about $42,000. Tributary Capital Management LLC acquired a new position in Travelers Companies during the 1st quarter valued at about $45,000. MCF Advisors LLC lifted its position in Travelers Companies by 53.8% during the 1st quarter. MCF Advisors LLC now owns 203 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 71 shares during the period. Finally, Private Wealth Management Group LLC acquired a new position in Travelers Companies during the 4th quarter valued at about $39,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 7.8 %

Shares of TRV traded down $17.12 during mid-day trading on Friday, hitting $203.48. 2,819,784 shares of the company’s stock were exchanged, compared to its average volume of 1,223,310. The company has a market cap of $46.59 billion, a PE ratio of 15.12, a P/E/G ratio of 1.22 and a beta of 0.61. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a 50-day simple moving average of $210.53 and a 200 day simple moving average of $213.81. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). The business had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. Travelers Companies’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. On average, research analysts forecast that The Travelers Companies, Inc. will post 16.84 earnings per share for the current fiscal year.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The disclosure for this sale can be found here. Insiders sold 18,635 shares of company stock valued at $3,980,827 in the last ninety days. 1.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of research reports. UBS Group cut their target price on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Bank of America cut their target price on shares of Travelers Companies from $214.00 to $202.00 and set an “underperform” rating on the stock in a research report on Thursday, July 11th. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Keefe, Bruyette & Woods cut their price target on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research report on Thursday, April 18th. Finally, TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and cut their price target for the company from $252.00 to $230.00 in a research report on Monday, July 15th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average price target of $220.11.

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.