The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Journey Advisory Group LLC

Journey Advisory Group LLC reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 15.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,610 shares of the insurance provider’s stock after selling 475 shares during the quarter. Journey Advisory Group LLC’s holdings in Travelers Companies were worth $531,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Pathway Financial Advisers LLC purchased a new position in Travelers Companies in the first quarter valued at about $35,000. Beacon Capital Management LLC raised its holdings in shares of Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the period. Northwest Financial Advisors purchased a new position in Travelers Companies in the 4th quarter worth approximately $32,000. Opal Wealth Advisors LLC acquired a new stake in Travelers Companies in the first quarter valued at approximately $42,000. Finally, Tributary Capital Management LLC purchased a new stake in shares of Travelers Companies during the first quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $231.85 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $214.15 and its two-hundred day moving average price is $216.21. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $234.18. The stock has a market capitalization of $53.09 billion, a P/E ratio of 17.23, a P/E/G ratio of 1.18 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). The company had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,820,409.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TRV. Piper Sandler decreased their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Citigroup raised their price objective on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Finally, Barclays initiated coverage on Travelers Companies in a research report on Wednesday. They issued an “overweight” rating and a $286.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $227.05.

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.