Boston Partners Sells 22,672 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• Boston Partners reduced its stake in The Travelers Companies by 1.8% during the first quarter, now owning approximately 0.53% of the company worth $320 million.
• The Travelers Companies reported a net margin of 10.97% and earnings per share of $6.51 in its last quarterly earnings, exceeding consensus estimates.
• The company declared a quarterly dividend of $1.10, resulting in an annualized yield of 1.7%, with a dividend payout ratio of 19.46%.

Boston Partners trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,211,306 shares of the insurance provider's stock after selling 22,672 shares during the quarter. Boston Partners owned approximately 0.53% of Travelers Companies worth $320,327,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its stake in Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Putney Financial Group LLC bought a new position in Travelers Companies during the 4th quarter worth about $26,000. Ameriflex Group Inc. purchased a new stake in shares of Travelers Companies during the fourth quarter valued at about $26,000. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Travelers Companies during the first quarter valued at about $26,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Travelers Companies in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Down 1.1%

Shares of NYSE TRV traded down $3.02 during mid-day trading on Friday, hitting $265.57. 1,295,665 shares of the company traded hands, compared to its average volume of 1,253,062. The Travelers Companies, Inc. has a 1 year low of $215.39 and a 1 year high of $277.83. The stock has a market capitalization of $59.79 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 3.08 and a beta of 0.51. 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 50 day moving average of $262.58 and a two-hundred day moving average of $259.17.

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

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.7%. Travelers Companies's dividend payout ratio is currently 19.46%.

Analyst Ratings Changes

TRV has been the topic of a number of analyst reports. Citigroup assumed coverage on shares of Travelers Companies in a research note on Wednesday. They set a "neutral" rating and a $291.00 price objective on the stock. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $284.56.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 15,180 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $272.87, for a total value of $4,142,166.60. Following the transaction, the executive vice president directly owned 6,075 shares of the company's stock, valued at $1,657,685.25. The trade was a 71.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Alan D. Schnitzer sold 35,456 shares of Travelers Companies stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 262,329 shares in the company, valued at approximately $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. Insiders have sold a total of 175,374 shares of company stock worth $47,929,912 in the last 90 days. Company insiders own 1.46% of the company's stock.

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.