Peddock Capital Advisors LLC Cuts Stake in Travelers Companies Inc (NYSE:TRV)

Peddock Capital Advisors LLC lowered its position in shares of Travelers Companies Inc (NYSE:TRV) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,416 shares of the insurance provider’s stock after selling 133 shares during the period. Peddock Capital Advisors LLC’s holdings in Travelers Companies were worth $1,258,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Advantage Investment Management LLC purchased a new position in shares of Travelers Companies during the second quarter valued at $25,000. Next Capital Management LLC purchased a new position in shares of Travelers Companies during the second quarter valued at $25,000. Interactive Financial Advisors bought a new stake in Travelers Companies during the first quarter valued at about $27,000. Princeton Global Asset Management LLC bought a new stake in Travelers Companies during the first quarter valued at about $27,000. Finally, Buffington Mohr McNeal bought a new stake in Travelers Companies during the first quarter valued at about $28,000. Hedge funds and other institutional investors own 81.19% of the company’s stock.

NYSE TRV traded up $0.70 during trading on Thursday, hitting $147.74. The company’s stock had a trading volume of 21,123 shares, compared to its average volume of 1,400,572. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market cap of $38.29 billion, a PE ratio of 16.51, a P/E/G ratio of 1.40 and a beta of 0.94. The business’s 50 day simple moving average is $149.66 and its 200-day simple moving average is $141.97. Travelers Companies Inc has a fifty-two week low of $111.08 and a fifty-two week high of $155.09.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.22%. The ex-dividend date is Monday, September 9th. Travelers Companies’s dividend payout ratio is presently 36.69%.

A number of brokerages recently weighed in on TRV. Barclays set a $177.00 price objective on Travelers Companies and gave the company a “buy” rating in a research report on Monday, August 12th. ValuEngine downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Morgan Stanley dropped their price objective on Travelers Companies from $140.00 to $136.00 and set an “underweight” rating on the stock in a research report on Thursday, August 15th. Royal Bank of Canada raised their price objective on Travelers Companies to $160.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. Finally, Buckingham Research downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $148.78.

In other Travelers Companies news, EVP Andy F. Bessette sold 11,650 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $146.85, for a total value of $1,710,802.50. Following the completion of the sale, the executive vice president now owns 21,259 shares of the company’s stock, valued at $3,121,884.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Philip T. Ruegger III purchased 700 shares of the stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of $147.49 per share, with a total value of $103,243.00. The disclosure for this purchase can be found here. In the last three months, insiders sold 34,594 shares of company stock valued at $5,126,180. Corporate insiders own 0.73% of the company’s stock.

About Travelers Companies

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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