Acadian Asset Management LLC Increases Stock Holdings in The Travelers Companies, Inc. $TRV

Key Points

• Acadian Asset Management LLC has increased its stake in The Travelers Companies, Inc. by 41.2%, now holding $237.66 million worth of shares.
• The Travelers Companies reported $6.51 EPS for the last quarter, exceeding analyst estimates of $3.52, with a revenue of $11.54 billion.
• The company announced a quarterly dividend of $1.10 to be paid on September 30th, corresponding to an annualized dividend yield of 1.6%.

Acadian Asset Management LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 41.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 898,710 shares of the insurance provider's stock after acquiring an additional 262,265 shares during the quarter. Acadian Asset Management LLC owned about 0.40% of Travelers Companies worth $237,655,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its holdings in Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new position in Travelers Companies in the first quarter worth $26,000. Ameriflex Group Inc. bought a new position in Travelers Companies in the fourth quarter worth $26,000. Putney Financial Group LLC bought a new position in Travelers Companies in the fourth quarter worth $26,000. Finally, Flaharty Asset Management LLC bought a new position in Travelers Companies in the first quarter worth $32,000. Institutional investors own 82.45% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $280.00 to $274.00 in a report on Monday, July 7th. UBS Group increased their price objective on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Citigroup initiated coverage on Travelers Companies in a report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price objective for the company. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen lowered Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $284.56.

Travelers Companies Stock Performance

NYSE TRV traded down $0.61 during trading hours on Friday, hitting $278.83. The company's stock had a trading volume of 852,100 shares, compared to its average volume of 1,107,784. The Travelers Companies, Inc. has a 12 month low of $224.62 and a 12 month high of $280.70. The company's 50 day simple moving average is $266.13 and its two-hundred day simple moving average is $263.38. The company has a market cap of $62.77 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 3.21 and a beta of 0.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

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, topping the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period last year, the company earned $2.51 EPS. Travelers Companies's revenue for the quarter was up 7.4% on a year-over-year basis. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a $1.10 dividend. 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 presently 19.46%.

Insider Activity

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the sale, the executive vice president owned 18,416 shares of the company's stock, valued at $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by company insiders.

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.