WBH Advisory Inc. Sells 103 Shares of The Travelers Companies, Inc. (NYSE:TRV)

WBH Advisory Inc. decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 9,319 shares of the insurance provider’s stock after selling 103 shares during the period. WBH Advisory Inc.’s holdings in Travelers Companies were worth $1,618,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its stake in Travelers Companies by 1.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,074 shares of the insurance provider’s stock valued at $562,000 after purchasing an additional 58 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of Travelers Companies by 1.6% in the 1st quarter. Lindbrook Capital LLC now owns 3,822 shares of the insurance provider’s stock valued at $655,000 after purchasing an additional 59 shares during the period. Integrated Advisors Network LLC raised its position in shares of Travelers Companies by 3.1% in the first quarter. Integrated Advisors Network LLC now owns 2,169 shares of the insurance provider’s stock worth $372,000 after acquiring an additional 66 shares during the period. Checchi Capital Advisers LLC boosted its stake in shares of Travelers Companies by 2.2% during the 1st quarter. Checchi Capital Advisers LLC now owns 3,199 shares of the insurance provider’s stock worth $548,000 after acquiring an additional 68 shares in the last quarter. Finally, Clearstead Advisors LLC grew its position in shares of Travelers Companies by 4.0% during the 1st quarter. Clearstead Advisors LLC now owns 1,829 shares of the insurance provider’s stock valued at $314,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 81.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. StockNews.com initiated coverage on Travelers Companies in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $185.00 target price on shares of Travelers Companies in a research report on Friday, July 21st. Jefferies Financial Group dropped their price objective on shares of Travelers Companies from $183.00 to $180.00 and set a “hold” rating for the company in a research note on Tuesday, July 25th. Wells Fargo & Company raised their target price on shares of Travelers Companies from $183.00 to $185.00 in a research note on Thursday, July 20th. Finally, Piper Sandler dropped their price target on Travelers Companies from $208.00 to $176.00 in a research report on Thursday, July 6th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $196.08.

Travelers Companies Stock Down 0.1 %

TRV stock traded down $0.14 during mid-day trading on Tuesday, hitting $166.71. The stock had a trading volume of 209,587 shares, compared to its average volume of 1,331,631. The company has a fifty day moving average of $166.43 and a 200 day moving average of $172.00. The Travelers Companies, Inc. has a 1-year low of $149.65 and a 1-year high of $194.51. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $38.17 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.38 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, July 20th. The insurance provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($1.99). The firm had revenue of $10.10 billion for the quarter, compared to the consensus estimate of $9.97 billion. Travelers Companies had a return on equity of 10.75% and a net margin of 5.77%. Travelers Companies’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.57 earnings per share. On average, equities analysts expect that The Travelers Companies, Inc. will post 12.01 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, September 7th. Travelers Companies’s dividend payout ratio (DPR) is currently 42.60%.

Insiders Place Their Bets

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $175.05, for a total value of $1,750,500.00. Following the completion of the sale, the executive vice president now directly owns 14,080 shares in the company, valued at $2,464,704. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.29% of the company’s stock.

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. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.