Donaldson Capital Management LLC Trims Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Donaldson Capital Management LLC cut its stake in The Travelers Companies, Inc. (NYSE:TRVGet Rating) by 2.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,503 shares of the insurance provider’s stock after selling 61 shares during the period. Donaldson Capital Management LLC’s holdings in Travelers Companies were worth $457,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRV. US Asset Management LLC purchased a new stake in shares of Travelers Companies in the first quarter valued at about $28,000. Kings Point Capital Management raised its holdings in shares of Travelers Companies by 60.7% in the first quarter. Kings Point Capital Management now owns 180 shares of the insurance provider’s stock valued at $33,000 after buying an additional 68 shares during the last quarter. Addison Advisors LLC raised its holdings in shares of Travelers Companies by 293.5% in the first quarter. Addison Advisors LLC now owns 181 shares of the insurance provider’s stock valued at $33,000 after buying an additional 135 shares during the last quarter. Riverview Trust Co purchased a new stake in shares of Travelers Companies in the first quarter valued at about $35,000. Finally, Herold Advisors Inc. acquired a new position in shares of Travelers Companies during the first quarter worth about $37,000. 82.39% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Shares of TRV opened at $164.51 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $39.04 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 3.00 and a beta of 0.61. The company’s 50 day simple moving average is $164.00 and its 200 day simple moving average is $171.06. The Travelers Companies, Inc. has a 1 year low of $145.40 and a 1 year high of $187.98.

Travelers Companies (NYSE:TRVGet Rating) last announced its quarterly earnings data on Thursday, July 21st. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.57. The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.29 billion. Travelers Companies had a net margin of 9.97% and a return on equity of 13.64%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.45 earnings per share. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 13.61 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Thursday, September 8th. Travelers Companies’s dividend payout ratio is currently 25.82%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TRV shares. Barclays dropped their price target on shares of Travelers Companies from $184.00 to $177.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 14th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. The Goldman Sachs Group lowered shares of Travelers Companies from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $190.00 to $170.00 in a research note on Friday, June 3rd. Jefferies Financial Group lowered their target price on shares of Travelers Companies from $172.00 to $156.00 and set a “hold” rating on the stock in a research report on Tuesday, July 12th. Finally, Wolfe Research restated a “peer perform” rating on shares of Travelers Companies in a research report on Thursday, June 23rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $174.60.

Insiders Place Their Bets

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 2,945 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $168.33, for a total transaction of $495,731.85. Following the transaction, the executive vice president now owns 1,020 shares of the company’s stock, valued at $171,696.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.07% of the stock is currently owned by insiders.

Travelers Companies Company Profile

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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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