Wealth Alliance LLC Trims Stock Position in The Travelers Companies, Inc. $TRV

Wealth Alliance LLC trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV) by 42.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,205 shares of the insurance provider’s stock after selling 2,328 shares during the period. Wealth Alliance LLC’s holdings in Travelers Companies were worth $935,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Travelers Companies in the fourth quarter valued at $723,339,000. State Street Corp lifted its holdings in shares of Travelers Companies by 3.1% in the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after purchasing an additional 486,861 shares during the last quarter. AustralianSuper Pty Ltd boosted its position in shares of Travelers Companies by 102.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock valued at $263,537,000 after purchasing an additional 458,746 shares during the period. Woodline Partners LP purchased a new position in Travelers Companies during the 3rd quarter worth approximately $99,680,000. Finally, AQR Capital Management LLC increased its position in Travelers Companies by 22.8% during the third quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock worth $496,872,000 after buying an additional 331,170 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the completion of the transaction, the insider owned 259,590 shares in the company, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. This trade represents a 18.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,292 shares of company stock valued at $5,639,800 over the last quarter. Company insiders own 1.39% of the company’s stock.

Travelers Companies Trading Up 2.9%

NYSE TRV opened at $387.42 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $80.80 billion, a P/E ratio of 10.38, a P/E/G ratio of 3.87 and a beta of 0.46. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $389.11. The firm has a 50-day moving average price of $322.06 and a 200 day moving average price of $304.48.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the previous year, the company earned $6.51 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Equities research analysts expect that The Travelers Companies, Inc. will post 32.49 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Travelers Companies’s payout ratio is 13.39%.

Wall Street Analyst Weigh In

TRV has been the subject of several research analyst reports. Citigroup reissued a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Piper Sandler raised their price objective on shares of Travelers Companies to $340.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Mizuho upped their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a report on Friday. Finally, Seaport Research Partners set a $322.00 price target on Travelers Companies in a report on Tuesday, May 26th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $354.26.

Key Headlines Impacting Travelers Companies

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Analyst coverage remained constructive, with Morgan Stanley and other firms highlighting potential upside, while a recent Zacks note said Travelers’ shares hit a 52-week high and questioned whether the run can continue. Morgan Stanley Forecasts Strong Price Appreciation for Travelers Companies (NYSE:TRV) Stock The Travelers Companies, Inc. (TRV) Hit a 52 Week High, Can the Run Continue?
• Positive Sentiment: AM Best assigned an “a+” issue credit rating with a stable outlook to Travelers’ new $750 million senior unsecured notes, signaling confidence in the company’s credit quality and access to capital. AM Best Assigns Issue Credit Rating to The Travelers Companies, Inc. New Senior Unsecured Notes
• Positive Sentiment: Travelers priced $750 million of 4.95% senior notes due 2031, which adds funding for general corporate purposes and appears manageable given the company’s strong balance sheet. Travelers Companies Prices $750 Million Senior Notes Offering
• Neutral Sentiment: Mizuho raised its price target to $343 from $324 but kept a neutral rating, suggesting the stock may have already moved ahead of near-term fundamentals. Mizuho price target update
• Negative Sentiment: Reports that several top Travelers executives sold company stock could weigh on sentiment, even if the transactions were routine. Top Travelers Executives Quietly Unload Millions in Company Stock
• Negative Sentiment: Deutsche Bank and UBS both reiterated hold-type views, reinforcing that some analysts see limited upside after the recent rally. Deutsche Bank Sticks to Its Hold Rating for Travelers Companies (TRV) UBS Releases a Hold Rating on Travelers Companies (TRV)

Travelers Companies Company Profile

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.