42,635 Shares in The Travelers Companies, Inc. (NYSE:TRV) Acquired by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. has acquired 42,635 shares of The Travelers Companies, Inc. (NYSE: TRV), valued at approximately $11.27 million, indicating strong interest from institutional investors in the company's stock.
• The Travelers Companies recently reported quarterly earnings of $6.51 EPS, significantly surpassing analysts' estimates of $3.52 EPS, and achieved $11.54 billion in revenue for the quarter.
• The company declared a quarterly dividend of $1.10 per share, with an annualized dividend yield of 1.6%, to be paid on September 30th.

ASR Vermogensbeheer N.V. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 42,635 shares of the insurance provider's stock, valued at approximately $11,275,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PFG Advisors increased its stake in shares of Travelers Companies by 108.8% in the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider's stock worth $1,125,000 after acquiring an additional 2,217 shares during the last quarter. Greatmark Investment Partners Inc. grew its holdings in shares of Travelers Companies by 3.0% in the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider's stock valued at $16,120,000 after purchasing an additional 1,772 shares during the period. Portside Wealth Group LLC acquired a new stake in Travelers Companies during the first quarter worth about $208,000. Concurrent Investment Advisors LLC raised its stake in Travelers Companies by 47.3% during the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider's stock worth $1,403,000 after purchasing an additional 1,703 shares during the period. Finally, Alpha Cubed Investments LLC boosted its holdings in Travelers Companies by 200.2% in the 1st quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider's stock valued at $870,000 after purchasing an additional 2,194 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $267.61 on Thursday. The stock has a market cap of $60.25 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 3.07 and a beta of 0.51. The company has a fifty day simple moving average of $263.56 and a 200-day simple moving average of $258.23. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12-month low of $208.63 and a 12-month high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. The business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.51 EPS. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's dividend payout ratio (DPR) is currently 19.46%.

Analyst Ratings Changes

TRV has been the subject of a number of recent analyst reports. UBS Group raised their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Evercore ISI lifted their target price on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Wall Street Zen raised Travelers Companies from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Keefe, Bruyette & Woods raised their price objective on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Finally, Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the company an "equal weight" rating in a research report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $279.82.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total value of $549,000.00. Following the completion of the sale, the insider owned 255,086 shares in the company, valued at approximately $70,021,107. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 36,199 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the transaction, the executive vice president owned 118,116 shares in the company, valued at approximately $32,387,407.20. This trade represents a 23.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,374 shares of company stock worth $47,929,912 over the last three months. Company insiders own 1.46% of the company's stock.

About Travelers Companies

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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