Amundi Increases Stake in The Travelers Companies, Inc. $TRV

Key Points

• Amundi Investments increased its shareholding in The Travelers Companies, Inc. by 33.3%, now owning 1,039,898 shares valued at approximately $273.6 million.
• The Travelers Companies recently announced a quarterly dividend of $1.10 per share, with an annualized yield of 1.6%, to be paid on September 30th.
• In the latest earnings report, Travelers reported earnings per share of $6.51, exceeding estimates by $2.99, alongside a revenue increase of 7.4% year-over-year.

Amundi lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 33.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,039,898 shares of the insurance provider's stock after acquiring an additional 259,624 shares during the quarter. Amundi owned approximately 0.46% of Travelers Companies worth $273,597,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TRV. GAMMA Investing LLC increased its position in shares of Travelers Companies by 31,132.9% during the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock worth $582,733,000 after acquiring an additional 2,196,426 shares during the period. Nuveen LLC purchased a new position in Travelers Companies during the first quarter valued at approximately $294,755,000. Bahl & Gaynor Inc. increased its holdings in Travelers Companies by 41.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock valued at $444,101,000 after buying an additional 490,039 shares during the period. Goldman Sachs Group Inc. boosted its stake in Travelers Companies by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock valued at $511,631,000 after acquiring an additional 390,104 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Travelers Companies by 12.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,620 shares of the insurance provider's stock valued at $653,443,000 after acquiring an additional 291,506 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the company's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the transaction, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the company'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 disclosure for this sale can be found here. 1.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Cantor Fitzgerald upgraded shares of Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the company an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Finally, Citigroup began coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of "Hold" and a consensus price target of $284.56.

Travelers Companies Stock Performance

TRV traded down $0.49 on Monday, reaching $274.73. The stock had a trading volume of 841,016 shares, compared to its average volume of 1,324,578. The Travelers Companies, Inc. has a 12-month low of $224.62 and a 12-month high of $280.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The business's 50-day moving average price is $264.94 and its two-hundred day moving average price is $262.60. The company has a market cap of $61.85 billion, a P/E ratio of 12.15, a price-to-earnings-growth ratio of 3.16 and a beta of 0.53.

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

Travelers Companies Dividend Announcement

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 paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's dividend payout ratio is currently 19.46%.

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.