Foster & Motley Inc. Reduces Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Foster & Motley Inc. cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,500 shares of the insurance provider’s stock after selling 605 shares during the quarter. Foster & Motley Inc.’s holdings in Travelers Companies were worth $4,372,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC purchased a new position in Travelers Companies during the 1st quarter valued at about $35,000. Beacon Capital Management LLC lifted its stake in Travelers Companies by 74.2% in 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 in the last quarter. Northwest Financial Advisors acquired a new stake in Travelers Companies during the 4th quarter valued at $32,000. Opal Wealth Advisors LLC acquired a new position in shares of Travelers Companies in the first quarter worth $42,000. Finally, Tributary Capital Management LLC acquired a new stake in shares of Travelers Companies during the first quarter valued at $45,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s 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 transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TRV shares. Morgan Stanley cut their target price on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Barclays began coverage on Travelers Companies in a research note on Wednesday. They set an “overweight” rating and a $286.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $225.00 price target on shares of Travelers Companies in a research note on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $227.05.

Travelers Companies Stock Down 0.4 %

NYSE:TRV traded down $0.90 on Thursday, reaching $230.52. The stock had a trading volume of 150,547 shares, compared to its average volume of 1,324,701. The company has a 50-day moving average of $213.66 and a 200 day moving average of $216.10. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock has a market cap of $52.79 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $234.18.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share 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 business had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same quarter last year, the business earned $0.06 EPS. Travelers Companies’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, research analysts predict that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a $1.05 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.82%. Travelers Companies’s payout ratio is 31.20%.

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.