Wealth Enhancement Advisory Services LLC Acquires New Holdings in Travelers Companies Inc (NYSE:TRV)

Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Travelers Companies Inc (NYSE:TRV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,778 shares of the insurance provider’s stock, valued at approximately $3,091,000.

A number of other institutional investors and hedge funds have also modified their holdings of TRV. BlackRock Inc. raised its position in shares of Travelers Companies by 7.3% in the first quarter. BlackRock Inc. now owns 22,604,259 shares of the insurance provider’s stock valued at $3,100,401,000 after purchasing an additional 1,528,327 shares during the period. FMR LLC raised its position in shares of Travelers Companies by 9.4% in the first quarter. FMR LLC now owns 10,500,482 shares of the insurance provider’s stock valued at $1,440,247,000 after purchasing an additional 904,028 shares during the period. FIL Ltd raised its position in shares of Travelers Companies by 44.8% in the first quarter. FIL Ltd now owns 1,450,421 shares of the insurance provider’s stock valued at $198,939,000 after purchasing an additional 448,948 shares during the period. Thoroughbred Financial Services LLC raised its position in shares of Travelers Companies by 16,739.9% in the second quarter. Thoroughbred Financial Services LLC now owns 424,196 shares of the insurance provider’s stock valued at $42,420,000 after purchasing an additional 421,677 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Travelers Companies by 23.0% in the first quarter. Victory Capital Management Inc. now owns 1,940,150 shares of the insurance provider’s stock valued at $266,111,000 after purchasing an additional 362,384 shares during the period. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the stock. Morgan Stanley dropped their price target on shares of Travelers Companies from $140.00 to $136.00 and set an “underweight” rating on the stock in a research report on Thursday. Deutsche Bank lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 target price on the stock. in a research report on Thursday, June 27th. Royal Bank of Canada boosted their target price on shares of Travelers Companies to $160.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th. MKM Partners boosted their target price on shares of Travelers Companies to $140.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Finally, ValuEngine downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $148.78.

Shares of TRV stock traded up $2.27 on Thursday, reaching $145.75. The company had a trading volume of 95,385 shares, compared to its average volume of 1,316,677. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $38.10 billion, a PE ratio of 16.31, a PEG ratio of 1.39 and a beta of 0.94. The stock’s 50-day simple moving average is $150.14. Travelers Companies Inc has a 12 month low of $111.08 and a 12 month high of $155.09.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.32 by ($0.30). Travelers Companies had a net margin of 8.65% and a return on equity of 10.73%. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the prior year, the firm posted $1.81 earnings per share. Travelers Companies’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts anticipate that Travelers Companies Inc will post 10.63 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a $0.82 dividend. The ex-dividend date is Monday, September 9th. This represents a $3.28 annualized dividend and a dividend yield of 2.25%. Travelers Companies’s dividend payout ratio is presently 36.69%.

In other Travelers Companies news, EVP Michael Frederick Klein sold 3,545 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $147.41, for a total transaction of $522,568.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane D. Bengston sold 6,899 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $147.53, for a total value of $1,017,809.47. Following the transaction, the executive vice president now directly owns 11,746 shares of the company’s stock, valued at approximately $1,732,887.38. The disclosure for this sale can be found here. Insiders sold a total of 32,944 shares of company stock valued at $4,892,878 over the last quarter. 0.73% of the stock is owned by insiders.

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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