Czech National Bank Acquires 3,306 Shares of The Travelers Companies, Inc. $TRV

Key Points

• The Czech National Bank increased its holdings in The Travelers Companies, Inc. (NYSE: TRV) by 6.3% in the second quarter, totaling over $14.8 million in value.
• Travelers Companies reported earnings of $6.51 per share, exceeding estimates significantly, with overall revenue reaching $11.54 billion for the quarter.
• The company declared a quarterly dividend of $1.10 per share, which will be paid on September 30th, with an annualized yield of 1.6%.

Czech National Bank raised its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 55,381 shares of the insurance provider's stock after buying an additional 3,306 shares during the period. Czech National Bank's holdings in Travelers Companies were worth $14,817,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of Travelers Companies by 31.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,665 shares of the insurance provider's stock valued at $445,000 after buying an additional 402 shares during the period. Everpar Advisors LLC boosted its holdings in Travelers Companies by 5.6% in the second quarter. Everpar Advisors LLC now owns 1,108 shares of the insurance provider's stock valued at $296,000 after acquiring an additional 59 shares during the last quarter. Canandaigua National Bank & Trust Co. boosted its holdings in Travelers Companies by 8.3% in the second quarter. Canandaigua National Bank & Trust Co. now owns 9,497 shares of the insurance provider's stock valued at $2,541,000 after acquiring an additional 730 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Travelers Companies by 3.3% in the 2nd quarter. Parallel Advisors LLC now owns 6,866 shares of the insurance provider's stock valued at $1,837,000 after purchasing an additional 221 shares during the last quarter. Finally, Nova Wealth Management Inc. bought a new position in shares of Travelers Companies in the 2nd quarter valued at about $32,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 value of $3,061,710.60. Following the sale, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Stock Up 1.2%

TRV traded up $3.25 during trading on Thursday, reaching $278.28. The company had a trading volume of 965,762 shares, compared to its average volume of 1,113,709. The business's fifty day moving average price is $267.64 and its 200 day moving average price is $263.92. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $62.65 billion, a P/E ratio of 12.31, a PEG ratio of 3.16 and a beta of 0.53. The Travelers Companies, Inc. has a 12 month low of $224.62 and a 12 month high of $280.70.

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 analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter in the prior year, the business posted $2.51 EPS. The business's revenue was up 7.4% compared to the same quarter last year. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's dividend payout ratio (DPR) is 19.46%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Citigroup assumed coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price objective on the stock. Barclays lowered Travelers Companies from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Wall Street Zen lowered Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Wolfe Research initiated coverage on Travelers Companies in a report on Monday. They set a "peer perform" rating on the stock. Finally, Cantor Fitzgerald upgraded Travelers Companies to a "strong-buy" rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently 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.