The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Quotient Wealth Partners LLC

11 Oct 2024, 12:51 by Renee Jackson · The Cerbat Gem

Quotient Wealth Partners LLC cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 7.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,255 shares of the insurance provider’s stock after selling 262 shares during the period. Quotient Wealth Partners LLC’s holdings in Travelers Companies were worth $762,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Nordea Investment Management AB lifted its holdings in Travelers Companies by 38.7% during the first quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock valued at $78,689,000 after purchasing an additional 95,451 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Travelers Companies by 356.3% in the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after buying an additional 35,560 shares during the last quarter. Wellington Management Group LLP increased its stake in Travelers Companies by 100.9% during the 4th quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after buying an additional 25,575 shares in the last quarter. Nomura Holdings Inc. acquired a new position in shares of Travelers Companies during the fourth quarter valued at approximately $874,000. Finally, GAMMA Investing LLC lifted its position in shares of Travelers Companies by 162.6% in the second quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock valued at $1,002,000 after acquiring an additional 3,050 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $233.20 on Friday. The firm has a 50-day simple moving average of $226.94 and a two-hundred day simple moving average of $218.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $243.48. The stock has a market cap of $53.15 billion, a PE ratio of 14.74, a P/E/G ratio of 1.21 and a beta of 0.62.

Travelers Companies (NYSE:TRV – Get Free Report) last announced its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. During the same period in the previous year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.2 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, September 10th. Travelers Companies’s dividend payout ratio is currently 26.55%.

Wall Street Analyst Weigh In

TRV has been the subject of several research reports. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Jefferies Financial Group boosted their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $206.00 to $207.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Bank of America boosted their target price on Travelers Companies from $223.00 to $241.00 and gave the stock an “underperform” rating in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $230.89.

View Our Latest Stock Report on TRV

Insiders Place Their Bets

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.33% of the company’s stock.

About Travelers Companies

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