BNP Paribas Financial Markets Has $127.11 Million Position in The Travelers Companies, Inc. $TRV

Key Points

• BNP Paribas Financial Markets increased its stake in The Travelers Companies, Inc. by 25.4% during the first quarter, acquiring an additional 97,247 shares to reach a total of 480,633 shares valued at approximately $127.1 million.
• The Travelers Companies reported a quarterly earnings per share (EPS) of $6.51, significantly exceeding analysts' estimates of $3.52, with a revenue of $11.54 billion for the quarter.
• The company declared a quarterly dividend of $1.10 per share, scheduled for payment on September 30th, resulting in an annualized yield of 1.6%.

BNP Paribas Financial Markets raised its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 25.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 480,633 shares of the insurance provider's stock after acquiring an additional 97,247 shares during the quarter. BNP Paribas Financial Markets owned about 0.21% of Travelers Companies worth $127,108,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Bearing Point Capital LLC increased its stake in shares of Travelers Companies by 2.0% during the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock worth $522,000 after purchasing an additional 38 shares during the period. Forum Financial Management LP grew its holdings in Travelers Companies by 0.9% in the 1st quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock valued at $1,171,000 after buying an additional 39 shares in the last quarter. Y.D. More Investments Ltd grew its holdings in Travelers Companies by 13.9% in the 1st quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock valued at $84,000 after buying an additional 39 shares in the last quarter. Smith Salley Wealth Management increased its position in Travelers Companies by 0.6% during the 1st quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock worth $1,936,000 after buying an additional 44 shares during the period. Finally, Northern Financial Advisors Inc lifted its holdings in shares of Travelers Companies by 0.7% during the first quarter. Northern Financial Advisors Inc now owns 6,576 shares of the insurance provider's stock worth $1,739,000 after buying an additional 45 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TRV shares. Barclays cut shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $280.00 to $274.00 in a research report on Monday, July 7th. UBS Group boosted their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the stock an "equal weight" rating in a report on Monday, May 19th. Cantor Fitzgerald upgraded shares of Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Travelers Companies currently has an average rating of "Hold" and an average target price of $284.56.

Insider Transactions at Travelers Companies

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were 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. Insiders own 1.46% of the company's stock.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded up $1.34 on Monday, reaching $271.62. 681,010 shares of the stock were exchanged, compared to its average volume of 1,165,158. The firm's 50 day moving average is $263.85 and its 200-day moving average is $261.35. The firm has a market cap of $61.15 billion, a PE ratio of 12.01, a P/E/G ratio of 3.12 and a beta of 0.53. 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 $222.21 and a one year high of $279.04.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the previous year, the business earned $2.51 earnings per share. The company's revenue was up 7.4% on a year-over-year basis. As a group, analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal 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 $1.10 dividend. 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 19.46%.

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.