Asahi Life Asset Management CO. LTD. bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,546 shares of the insurance provider's stock, valued at approximately $2,491,000. Travelers Companies accounts for approximately 1.4% of Asahi Life Asset Management CO. LTD.'s investment portfolio, making the stock its 18th biggest holding.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. LifeSteps Financial Inc. bought a new position in shares of Travelers Companies in the second quarter valued at approximately $26,000. HHM Wealth Advisors LLC lifted its stake in Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock worth $25,000 after purchasing an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in Travelers Companies in the 4th quarter valued at $26,000. Whipplewood Advisors LLC bought a new position in Travelers Companies in the 1st quarter valued at $26,000. Finally, Osterweis Capital Management Inc. grew its position in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 91 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.
Travelers Companies Stock Performance
NYSE TRV opened at $364.79 on Friday. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $76.09 billion, a P/E ratio of 9.77, a P/E/G ratio of 3.44 and a beta of 0.45. The company has a fifty day moving average of $351.09 and a 200-day moving average of $317.80.
Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating analysts' consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion for the quarter, compared to analysts' expectations of $11.26 billion. During the same quarter in the prior year, the firm earned $6.51 earnings per share. The firm's revenue was up .3% on a year-over-year basis. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.
Travelers Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's dividend payout ratio (DPR) is currently 13.39%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on TRV. JPMorgan Chase & Co. upgraded Travelers Companies from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. Mizuho boosted their target price on Travelers Companies from $324.00 to $343.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. The Goldman Sachs Group lowered Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 target price on the stock. in a research note on Monday, July 20th. Wells Fargo & Company raised their price target on Travelers Companies from $295.00 to $334.00 and gave the company an "equal weight" rating in a report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $354.26.
Read Our Latest Stock Analysis on TRV
Insider Buying and Selling
In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the transaction, the chief financial officer directly owned 27,535 shares of the company's stock, valued at approximately $10,139,488.40. This trade represents a 33.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the transaction, the executive vice president directly owned 10,479 shares in the company, valued at $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,667 shares of company stock worth $22,688,329 over the last ninety days. Corporate insiders own 1.39% of the company's stock.
Travelers Companies Profile
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Free Report)
The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.
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