Aigen Investment Management LP Cuts Position in The Travelers Companies, Inc. $TRV

Key Points

• Aigen Investment Management LP has reduced its stake in The Travelers Companies, Inc. by 56.7%, now holding 902 shares worth approximately $239,000.
• Analysts have given mixed ratings on Travelers Companies, with a range of price targets from $269.00 to $316.00, and an average price target of $284.56.
• The company announced a quarterly dividend of $1.10 per share, providing an annualized yield of 1.7%, with an ex-dividend date set for September 10th.

Aigen Investment Management LP decreased its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 56.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 902 shares of the insurance provider's stock after selling 1,179 shares during the quarter. Aigen Investment Management LP's holdings in Travelers Companies were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TRV. Cornerstone Planning Group LLC increased its position in shares of Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after buying an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in shares of Travelers Companies in the 1st quarter valued at $26,000. Ameriflex Group Inc. bought a new stake in shares of Travelers Companies in the 4th quarter valued at $26,000. Putney Financial Group LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at $26,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Travelers Companies in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Trading Up 0.8%

NYSE TRV traded up $2.2160 on Tuesday, reaching $267.1360. The company had a trading volume of 245,265 shares, compared to its average volume of 1,327,942. The firm has a market cap of $60.14 billion, a price-to-earnings ratio of 11.82, a P/E/G ratio of 3.05 and a beta of 0.51. The Travelers Companies, Inc. has a fifty-two week low of $215.39 and a fifty-two week high of $277.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The business has a 50 day moving average of $262.36 and a two-hundred day moving average of $259.57.

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. The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.51 EPS. Analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a $1.10 dividend. 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 payout ratio is currently 19.46%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TRV. Citigroup began coverage on Travelers Companies in a report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 target price for the company. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Wall Street Zen lowered Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group raised their price objective on Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company boosted their price objective on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $284.56.

Insider Buying and Selling

In other news, insider Avrohom J. Kess sold 23,434 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.93, for a total value of $6,419,275.62. Following the completion of the sale, the insider directly owned 48,387 shares in the company, valued at $13,254,650.91. This trade represents a 32.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Daniel S. Frey sold 20,286 shares of Travelers Companies stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.48, for a total value of $5,547,815.28. Following the transaction, the chief financial officer owned 26,932 shares of the company's stock, valued at $7,365,363.36. This trade represents a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,374 shares of company stock worth $47,929,912 over the last 90 days. 1.46% of the stock is owned by company insiders.

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.