American Century Companies Inc. Grows Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• American Century Companies Inc. increased its holdings in The Travelers Companies by 17.4%, now owning 443,336 shares worth approximately $117.2 million.
• Multiple institutional investors, including Dimensional Fund Advisors LP and Horizon Investments LLC, have recently increased their stakes in Travelers Companies, indicating strong interest in the insurance provider.
• Travelers Companies reported a quarterly EPS of $6.51, significantly surpassing analyst estimates of $3.52, alongside a revenue increase of 7.4% year-over-year.

American Century Companies Inc. grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 17.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 443,336 shares of the insurance provider's stock after buying an additional 65,854 shares during the quarter. American Century Companies Inc. owned 0.20% of Travelers Companies worth $117,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in shares of Travelers Companies by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider's stock valued at $899,988,000 after buying an additional 25,573 shares during the last quarter. Horizon Investments LLC boosted its stake in shares of Travelers Companies by 7.6% during the 1st quarter. Horizon Investments LLC now owns 13,105 shares of the insurance provider's stock valued at $3,466,000 after buying an additional 931 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Travelers Companies by 0.9% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 9,087 shares of the insurance provider's stock valued at $2,403,000 after buying an additional 79 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its position in shares of Travelers Companies by 96.1% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 18,402 shares of the insurance provider's stock valued at $4,867,000 after acquiring an additional 9,017 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Travelers Companies by 7.6% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 77,851 shares of the insurance provider's stock valued at $20,588,000 after acquiring an additional 5,500 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Travelers Companies

In other news, EVP Maria Olivo sold 36,199 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the completion of the transaction, the executive vice president directly owned 118,116 shares of the company's stock, valued at $32,387,407.20. This represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Alan D. Schnitzer sold 35,456 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.78, for a total value of $9,707,143.68. Following the transaction, the chief executive officer directly owned 262,329 shares of the company's stock, valued at $71,820,433.62. This represents a 11.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,374 shares of company stock valued at $47,929,912. Insiders own 1.46% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TRV shares. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. UBS Group upped their price target on Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Wall Street Zen lowered Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a research report on Wednesday. Finally, 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 report on Monday, July 7th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $284.56.

Travelers Companies Trading Down 1.1%

TRV stock opened at $265.57 on Friday. The company has a market cap of $59.79 billion, a P/E ratio of 11.75, a PEG ratio of 3.05 and a beta of 0.51. The Travelers Companies, Inc. has a twelve month low of $215.39 and a twelve month high of $277.83. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $262.41 and a 200-day moving average of $259.36.

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, beating analysts' consensus estimates of $3.52 by $2.99. The business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The firm's revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.51 earnings per share. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's payout ratio is presently 19.46%.

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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