Travelers Companies Inc (NYSE:TRV) Holdings Decreased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. decreased its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 1.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 21,406 shares of the insurance provider’s stock after selling 378 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Travelers Companies were worth $3,200,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. BLB&B Advisors LLC lifted its position in shares of Travelers Companies by 1.5% during the 2nd quarter. BLB&B Advisors LLC now owns 4,788 shares of the insurance provider’s stock worth $716,000 after purchasing an additional 70 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of Travelers Companies by 0.3% in the 2nd quarter. Pinnacle Associates Ltd. now owns 24,817 shares of the insurance provider’s stock worth $3,711,000 after buying an additional 71 shares in the last quarter. Signaturefd LLC grew its position in Travelers Companies by 1.9% during the 1st quarter. Signaturefd LLC now owns 3,919 shares of the insurance provider’s stock worth $538,000 after acquiring an additional 72 shares during the last quarter. Glassman Wealth Services boosted its position in Travelers Companies by 2.6% in the 1st quarter. Glassman Wealth Services now owns 2,958 shares of the insurance provider’s stock valued at $406,000 after buying an additional 74 shares during the last quarter. Finally, Cibc Bank USA lifted its stake in shares of Travelers Companies by 2.4% in the 2nd quarter. Cibc Bank USA now owns 3,194 shares of the insurance provider’s stock valued at $478,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 81.39% of the company’s stock.

NYSE TRV traded down $0.66 on Friday, hitting $146.28. The stock had a trading volume of 1,908,883 shares, compared to its average volume of 1,165,880. Travelers Companies Inc has a 52-week low of $111.08 and a 52-week high of $155.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.38. The company has a market capitalization of $38.14 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.47 and a beta of 0.93. The firm has a 50-day moving average of $147.35 and a 200-day moving average of $144.68.

Travelers Companies (NYSE:TRV) last posted its earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.32 by ($0.30). Travelers Companies had a return on equity of 10.73% and a net margin of 8.65%. The firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter in the prior year, the company earned $1.81 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, research analysts anticipate that Travelers Companies Inc will post 10.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Monday, September 9th. Travelers Companies’s dividend payout ratio is presently 36.69%.

TRV has been the topic of several research analyst reports. UBS Group raised their price objective on Travelers Companies from $146.00 to $152.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Deutsche Bank cut Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 price objective for the company. in a report on Thursday, June 27th. Barclays set a $177.00 price objective on shares of Travelers Companies and gave the company a “buy” rating in a research report on Monday, August 12th. Keefe, Bruyette & Woods cut shares of Travelers Companies from an “outperform” rating to a “market perform” rating and set a $153.00 target price on the stock. in a research note on Wednesday, June 5th. Finally, ValuEngine cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $149.29.

In other news, Vice Chairman William H. Heyman sold 7,500 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $149.50, for a total transaction of $1,121,250.00. Following the sale, the insider now owns 242,245 shares in the company, valued at approximately $36,215,627.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman Jay S. Benet sold 21,972 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $146.59, for a total transaction of $3,220,875.48. Following the sale, the insider now owns 94,588 shares in the company, valued at approximately $13,865,654.92. The disclosure for this sale can be found here. Insiders sold a total of 56,566 shares of company stock worth $8,347,056 over the last quarter. Corporate insiders own 0.73% of the company’s stock.

Travelers Companies 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.

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

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