AG2R LA Mondiale Gestion D Actifs Invests $2.37 Million in The Travelers Companies, Inc. $TRV

Key Points

• AG2R LA Mondiale Gestion D Actifs invested approximately $2.37 million in The Travelers Companies, acquiring 8,585 shares in the first quarter.
• Travelers Companies reported strong quarterly earnings, with $6.51 EPS surpassing analyst estimates by $2.99.
• The firm declared a quarterly dividend of $1.10 per share, resulting in an annualized yield of 1.6% for investors.

AG2R LA Mondiale Gestion D Actifs acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,585 shares of the insurance provider's stock, valued at approximately $2,367,000.

Other hedge funds have also recently made changes to their positions in the company. PFG Advisors boosted its stake in shares of Travelers Companies by 108.8% in the first 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 period. Greatmark Investment Partners Inc. boosted its stake 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 worth $16,120,000 after acquiring an additional 1,772 shares during the period. Portside Wealth Group LLC bought a new position in shares of Travelers Companies in the first quarter worth about $208,000. Atlas Capital Advisors Inc. boosted its stake in shares of Travelers Companies by 890.9% in the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider's stock worth $1,205,000 after acquiring an additional 4,098 shares during the period. Finally, Concurrent Investment Advisors LLC boosted 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 valued at $1,403,000 after buying an additional 1,703 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

Insider Buying and Selling

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president directly owned 18,416 shares of the company's stock, valued at $4,900,865.92. This represents 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.

Travelers Companies Price Performance

NYSE:TRV opened at $278.83 on Friday. The firm has a market capitalization of $62.77 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 3.21 and a beta of 0.53. The Travelers Companies, Inc. has a 1 year low of $224.62 and a 1 year high of $280.70. The business has a 50 day simple moving average of $266.13 and a 200-day simple moving average of $263.38. 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 issued its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The firm had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period last year, the company earned $2.51 EPS. Travelers Companies's quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's dividend payout ratio (DPR) is currently 19.46%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wall Street Zen lowered Travelers Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the company an "equal weight" rating in a research note on Monday, May 19th. Barclays lowered Travelers Companies from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, Wells Fargo & Company increased their price target on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $284.56.

Travelers Companies Company 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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