B. Metzler seel. Sohn & Co. AG Acquires New Position in The Travelers Companies, Inc. $TRV

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 54,662 Travelers shares worth approximately $12.1 million during the second quarter. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported quarterly EPS of $10.04, beating estimates of $5.41, while revenue reached $12.15 billion versus the $11.26 billion consensus.
• Analysts’ average rating remains “Hold,” with a $354.26 price target; the company also declared a quarterly dividend of $1.25 per share, equivalent to a 1.4% yield.

B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 54,662 shares of the insurance provider's stock, valued at approximately $12,052,000.

A number of other large investors also recently bought and sold shares of TRV. Vanguard Group Inc. raised its position in shares of Travelers Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider's stock valued at $6,413,207,000 after acquiring an additional 110,311 shares in the last quarter. BlackRock Inc. bought a new position in Travelers Companies during the second quarter worth $6,915,909,000. State Street Corp boosted its holdings in Travelers Companies by 3.1% in the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider's stock worth $4,641,093,000 after purchasing an additional 486,861 shares during the period. Morgan Stanley boosted its holdings in Travelers Companies by 2.3% in the fourth quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider's stock worth $1,100,416,000 after purchasing an additional 85,298 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Travelers Companies by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider's stock valued at $1,016,433,000 after purchasing an additional 123,564 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 6,000 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the completion of the transaction, the executive vice president owned 45,125 shares of the company's stock, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP David Donnay Rowland sold 5,000 shares of the firm's stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the transaction, the executive vice president directly owned 10,479 shares in the company, valued at $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 62,667 shares of company stock valued at $22,688,329. Company insiders own 1.39% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TRV shares. JPMorgan Chase & Co. raised shares of Travelers Companies from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Raymond James Financial set a $430.00 price objective on shares of Travelers Companies in a research report on Monday, July 20th. BMO Capital Markets lowered shares of Travelers Companies from an "outperform" rating to a "market perform" rating and increased their price objective for the stock from $314.00 to $379.00 in a research note on Tuesday, July 21st. Mizuho raised their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Finally, Zacks Research upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $354.26.

Travelers Companies Stock Up 0.7%

Travelers Companies stock opened at $364.79 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The company has a 50-day simple moving average of $351.09 and a 200-day simple moving average of $317.80. The firm has a market capitalization of $76.09 billion, a P/E ratio of 9.77, a P/E/G ratio of 3.44 and a beta of 0.45.

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

Travelers Companies Dividend Announcement

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

Travelers Companies 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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