Amundi Reduces Position in The Travelers Companies, Inc. $TRV

Amundi reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 10.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,245,989 shares of the insurance provider's stock after selling 146,479 shares during the period. Amundi owned approximately 0.60% of Travelers Companies worth $411,326,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after buying an additional 387 shares during the period. Revolve Wealth Partners LLC purchased a new position in Travelers Companies during the 4th quarter worth approximately $276,000. WINTON GROUP Ltd acquired a new stake in Travelers Companies during the 2nd quarter valued at approximately $382,000. CIBC Asset Management Inc lifted its stake in Travelers Companies by 13.9% during the 2nd quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider's stock valued at $18,336,000 after acquiring an additional 8,383 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Travelers Companies by 2.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider's stock valued at $28,254,000 after acquiring an additional 2,117 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Klein sold 6,000 shares of the stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the transaction, the executive vice president directly owned 45,125 shares of the company's stock, valued at $16,519,811.25. This trade represents a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the completion of the sale, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. This trade represents a 33.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 58,667 shares of company stock valued at $21,830,989 in the last three months. Company insiders own 1.39% of the company's stock.

Travelers Companies Price Performance

NYSE:TRV opened at $369.01 on Tuesday. 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 Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The stock's 50-day moving average price is $364.21 and its 200-day moving average price is $323.98. The stock has a market capitalization of $76.96 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 2.48 and a beta of 0.44.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts' consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion during the quarter, compared to analysts' expectations of $11.26 billion. During the same quarter in the prior year, the firm posted $6.51 EPS. Travelers Companies's quarterly revenue was up .3% compared to the same quarter last year. As a group, equities analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies's dividend payout ratio is currently 13.39%.

Analyst Ratings Changes

A number of research firms have recently weighed in on TRV. HSBC increased their price objective on shares of Travelers Companies from $321.00 to $351.00 and gave the stock a "hold" rating in a research note on Monday, July 6th. BMO Capital Markets lowered shares of Travelers Companies from an "outperform" rating to a "market perform" rating and upped their price target for the company from $314.00 to $379.00 in a report on Tuesday, July 21st. Mizuho increased their price target on Travelers Companies from $324.00 to $343.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Raymond James Financial set a $430.00 price objective on Travelers Companies in a research note on Monday, July 20th. Finally, Bank of America boosted their price objective on Travelers Companies from $283.00 to $307.00 and gave the company an "underperform" rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $354.26.

Travelers Companies Company Profile

The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.

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