Banque Cantonale Vaudoise Sells 4,902 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Banque Cantonale Vaudoise lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 43.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 6,385 shares of the insurance provider’s stock after selling 4,902 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Travelers Companies were worth $1,298,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TRV. Northwest Financial Advisors bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $32,000. Pathway Financial Advisers LLC purchased a new position in shares of Travelers Companies in the 1st quarter worth approximately $35,000. Beacon Capital Management LLC grew its position in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Private Wealth Management Group LLC purchased a new position in shares of Travelers Companies in the 4th quarter worth approximately $39,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Travelers Companies in the 1st quarter worth approximately $42,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock traded up $1.74 during trading hours on Friday, hitting $228.07. The company’s stock had a trading volume of 1,466,474 shares, compared to its average volume of 1,031,127. The company has a 50 day moving average of $212.42 and a 200 day moving average of $215.86. The stock has a market cap of $51.98 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). The business had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the company earned $0.06 earnings per share. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,820,409.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of analyst reports. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Bank of America lifted their price objective on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research report on Monday, July 22nd. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Finally, Citigroup boosted their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research report on Tuesday, July 30th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $223.78.

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