Brandywine Global Investment Management LLC Has $56.71 Million Holdings in The Travelers Companies, Inc. $TRV

Key Points

• Brandywine Global Investment Management LLC has reduced its stake in The Travelers Companies, Inc. by 4.0%, selling 8,990 shares and owning 214,424 shares, valued at approximately $56.7 million.
• Recent analyst reports show varied ratings and target price adjustments for Travelers Companies, with Wells Fargo raising its target price to $275.00 and Barclays lowering it to $274.00.
• The Travelers Companies announced a quarterly dividend of $1.10, with an ex-dividend date of September 10th, representing an annualized yield of 1.6%.

Brandywine Global Investment Management LLC cut its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 4.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 214,424 shares of the insurance provider's stock after selling 8,990 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.09% of Travelers Companies worth $56,707,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TRV. Cornerstone Planning Group LLC increased its holdings in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Putney Financial Group LLC bought a new position in shares of Travelers Companies during the fourth quarter worth about $26,000. Ameriflex Group Inc. acquired a new stake in Travelers Companies in the 4th quarter valued at approximately $26,000. Greykasell Wealth Strategies Inc. bought a new stake in Travelers Companies in the 1st quarter valued at approximately $26,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Travelers Companies during the 4th quarter worth approximately $30,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

Shares of TRV traded up $3.8130 during trading hours on Tuesday, hitting $268.7330. The company had a trading volume of 1,347,717 shares, compared to its average volume of 1,331,469. The Travelers Companies, Inc. has a 12 month low of $215.39 and a 12 month high of $277.83. The firm has a market cap of $60.50 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 3.05 and a beta of 0.51. The business has a fifty day moving average of $262.36 and a 200-day moving average of $259.57. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

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

Travelers Companies Announces Dividend

The firm also recently declared 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 is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies's dividend payout ratio is 19.46%.

Insider Buying and Selling at Travelers Companies

In related news, insider Avrohom J. Kess sold 23,434 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the sale, the insider owned 48,387 shares of the company's stock, valued at $13,254,650.91. This represents a 32.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maria Olivo sold 36,199 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following the transaction, the executive vice president owned 118,116 shares in the company, valued at approximately $32,387,407.20. This trade represents a 23.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 175,374 shares of company stock valued at $47,929,912 in the last quarter. Company insiders own 1.46% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TRV. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. UBS Group increased their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Citigroup started coverage on Travelers Companies in a report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 target price on the stock. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company boosted their price target on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $284.56.

Travelers Companies Company 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.