Constant Guidance Financial LLC Decreases Stake in The Travelers Companies, Inc. $TRV

Constant Guidance Financial LLC cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 73.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 965 shares of the insurance provider’s stock after selling 2,721 shares during the period. Constant Guidance Financial LLC’s holdings in Travelers Companies were worth $269,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TRV. Osterweis Capital Management Inc. increased its position in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares during the last quarter. Delos Wealth Advisors LLC purchased a new stake in shares of Travelers Companies during the 2nd quarter worth $27,000. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Travelers Companies by 134.1% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Quaker Wealth Management LLC increased its holdings in Travelers Companies by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after buying an additional 208 shares during the last quarter. Finally, Clayton Financial Group LLC acquired a new stake in Travelers Companies in the third quarter valued at $28,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TRV shares. JPMorgan Chase & Co. upped their price objective on Travelers Companies from $302.00 to $305.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 7th. The Goldman Sachs Group downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price target for the company. in a report on Wednesday, January 7th. Evercore raised their price objective on shares of Travelers Companies from $309.00 to $317.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Morgan Stanley boosted their price objective on shares of Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Finally, Weiss Ratings raised shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average target price of $304.33.

Insider Buying and Selling

In other Travelers Companies news, EVP Maria Olivo sold 10,400 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $300.75, for a total value of $3,127,800.00. Following the transaction, the executive vice president directly owned 117,596 shares of the company’s stock, valued at approximately $35,366,997. The trade was a 8.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $301.18, for a total transaction of $3,011,800.00. Following the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at approximately $10,131,092.84. The trade was a 22.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 101,765 shares of company stock worth $29,877,543 over the last three months. 1.46% of the stock is owned by company insiders.

Travelers Companies Trading Up 1.6%

NYSE TRV opened at $304.80 on Monday. The firm’s fifty day moving average is $287.74 and its two-hundred day moving average is $280.58. The Travelers Companies, Inc. has a one year low of $230.43 and a one year high of $304.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market cap of $65.91 billion, a PE ratio of 11.07, a P/E/G ratio of 2.84 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $9.15 earnings per share. Analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s payout ratio is presently 15.98%.

Travelers Companies declared that its board has initiated a stock repurchase program on Wednesday, January 21st that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the insurance provider to purchase up to 8.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.