Allstate Corp Has $1.44 Million Stock Position in The Travelers Companies, Inc. $TRV

Key Points

• Allstate Corp has reduced its stock position in The Travelers Companies, Inc. by 22.1% in the first quarter, owning 5,438 shares worth approximately $1,438,000 after selling 1,543 shares.
• The Travelers Companies announced a quarterly dividend of $1.10 per share, payable on September 30th, representing an annualized dividend yield of 1.6%.
• Travelers Companies reported strong earnings, with an EPS of $6.51 for the quarter, significantly surpassing the consensus estimate of $3.52.

Allstate Corp decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 22.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,438 shares of the insurance provider's stock after selling 1,543 shares during the quarter. Allstate Corp's holdings in Travelers Companies were worth $1,438,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Compound Planning Inc. raised its stake in shares of Travelers Companies by 14.8% in the 1st quarter. Compound Planning Inc. now owns 3,196 shares of the insurance provider's stock valued at $845,000 after buying an additional 411 shares in the last quarter. Barnes Wealth Management Group Inc acquired a new position in shares of Travelers Companies in the 1st quarter valued at $206,000. Norinchukin Bank The raised its stake in shares of Travelers Companies by 8.7% in the 1st quarter. Norinchukin Bank The now owns 21,502 shares of the insurance provider's stock valued at $5,686,000 after buying an additional 1,713 shares in the last quarter. CW Advisors LLC raised its stake in shares of Travelers Companies by 21.9% in the 1st quarter. CW Advisors LLC now owns 11,865 shares of the insurance provider's stock valued at $3,135,000 after buying an additional 2,129 shares in the last quarter. Finally, Kaufman Rossin Wealth LLC acquired a new stake in shares of Travelers Companies during the 1st quarter worth about $338,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Trading Down 0.4%

Shares of NYSE TRV traded down $1.16 during mid-day trading on Tuesday, hitting $271.18. The company's stock had a trading volume of 2,039,571 shares, compared to its average volume of 1,202,609. The stock has a market cap of $61.05 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 3.13 and a beta of 0.51. 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 Travelers Companies, Inc. has a one year low of $222.21 and a one year high of $279.04. The company's fifty day simple moving average is $263.46 and its 200-day simple moving average is $260.61.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping the consensus estimate of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same quarter last year, the firm earned $2.51 EPS. Travelers Companies's quarterly revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies's dividend payout ratio (DPR) is presently 19.46%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TRV. Citigroup began coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 target price for the company. Wall Street Zen cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Cantor Fitzgerald upgraded shares of Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Finally, Barclays cut shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $284.56.

Insider Buying and Selling at Travelers Companies

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