HighTower Advisors LLC Has $40.35 Million Holdings in The Travelers Companies, Inc. $TRV

HighTower Advisors LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 15.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,227 shares of the insurance provider’s stock after selling 21,687 shares during the period. HighTower Advisors LLC owned 0.06% of Travelers Companies worth $40,350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TRV. LifeSteps Financial Inc. bought a new stake in shares of Travelers Companies during the 2nd quarter worth about $26,000. Kilter Group LLC acquired a new stake in Travelers Companies during the second quarter worth approximately $26,000. HHM Wealth Advisors LLC boosted its holdings in shares of Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 51 shares during the period. Kemnay Advisory Services Inc. acquired a new position in shares of Travelers Companies in the fourth quarter valued at approximately $26,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Travelers Companies during the first quarter worth approximately $26,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 6,000 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $369.86, for a total transaction of $2,219,160.00. Following the sale, the executive vice president owned 118,742 shares in the company, valued at approximately $43,917,916.12. This trade represents a 4.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Daniel Frey sold 14,037 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the completion of the transaction, the chief financial officer directly owned 27,535 shares in the company, valued at $10,139,488.40. This trade represents a 33.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 58,667 shares of company stock worth $21,830,989. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $369.01 on Tuesday. The stock has a market capitalization of $76.96 billion, a PE ratio of 9.88, a P/E/G ratio of 2.48 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The business has a fifty day moving average price of $364.21 and a two-hundred day moving average price of $323.98. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the firm posted $6.51 EPS. Travelers Companies’s quarterly revenue was up .3% on a year-over-year basis. As a group, equities analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TRV. Evercore set a $329.00 price target on Travelers Companies and gave the stock an “in-line” rating in a report on Friday, July 10th. Piper Sandler lifted their target price on Travelers Companies to $340.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. UBS Group boosted their target price on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. HSBC upped their price target on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Finally, Morgan Stanley lifted their price objective on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $354.26.

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.