River Wealth Advisors LLC Boosts Position in The Travelers Companies, Inc. (NYSE:TRV)

River Wealth Advisors LLC raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 6.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,842 shares of the insurance provider’s stock after buying an additional 160 shares during the period. River Wealth Advisors LLC’s holdings in The Travelers Companies were worth $343,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in The Travelers Companies by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,883,618 shares of the insurance provider’s stock valued at $347,599,000 after buying an additional 56,095 shares in the last quarter. Parallel Advisors LLC increased its stake in The Travelers Companies by 37.5% in the first quarter. Parallel Advisors LLC now owns 3,150 shares of the insurance provider’s stock valued at $381,000 after buying an additional 859 shares in the last quarter. Geode Capital Management LLC increased its stake in The Travelers Companies by 7.5% in the first quarter. Geode Capital Management LLC now owns 2,683,966 shares of the insurance provider’s stock valued at $323,057,000 after buying an additional 186,279 shares in the last quarter. Azimuth Capital Management LLC increased its stake in The Travelers Companies by 0.3% in the first quarter. Azimuth Capital Management LLC now owns 26,816 shares of the insurance provider’s stock valued at $3,232,000 after buying an additional 71 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in The Travelers Companies by 3.0% in the first quarter. Vanguard Group Inc. now owns 21,551,932 shares of the insurance provider’s stock valued at $2,597,871,000 after buying an additional 633,510 shares during the last quarter. 78.24% of the stock is owned by institutional investors.

Shares of The Travelers Companies, Inc. (NYSE:TRV) traded down 0.23% during mid-day trading on Friday, reaching $127.89. 1,246,905 shares of the company’s stock traded hands. The company has a market cap of $35.29 billion, a price-to-earnings ratio of 12.74 and a beta of 1.20. The company has a 50 day moving average of $127.31 and a 200 day moving average of $123.52. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $130.37.

The Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the Zacks’ consensus estimate of $2.07 by $0.15. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The Travelers Companies’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $2.20 earnings per share. Analysts expect that The Travelers Companies, Inc. will post $8.90 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.25%. The Travelers Companies’s dividend payout ratio (DPR) is currently 28.77%.

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Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $115.00 target price on shares of The Travelers Companies in a research note on Thursday, May 25th. BidaskClub cut shares of The Travelers Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. MKM Partners restated a “neutral” rating and issued a $130.00 price objective (up previously from $115.00) on shares of The Travelers Companies in a research note on Wednesday, July 26th. Barclays PLC increased their price objective on shares of The Travelers Companies from $119.00 to $122.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $126.00 target price on shares of The Travelers Companies in a research report on Monday, May 22nd. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $124.01.

In other news, SVP Douglas K. Russell sold 9,686 shares of The Travelers Companies stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $123.00, for a total value of $1,191,378.00. Following the sale, the senior vice president now directly owns 29,267 shares in the company, valued at approximately $3,599,841. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Jay S. Benet sold 16,566 shares of The Travelers Companies stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $130.01, for a total value of $2,153,745.66. Following the completion of the sale, the insider now owns 93,872 shares in the company, valued at $12,204,298.72. The disclosure for this sale can be found here. Insiders sold a total of 194,303 shares of company stock worth $24,702,936 over the last ninety days. Insiders own 0.82% of the company’s stock.

About The Travelers Companies

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

Institutional Ownership by Quarter for The Travelers Companies (NYSE:TRV)

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