Daiichi Life Insurance Co. Ltd. acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 26,824 shares of the insurance provider's stock, valued at approximately $8,855,000.
Several other large investors also recently made changes to their positions in TRV. HHM Wealth Advisors LLC increased its holdings in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock worth $25,000 after buying an additional 51 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Travelers Companies in the first quarter valued at $26,000. LifeSteps Financial Inc. acquired a new stake in Travelers Companies in the second quarter valued at $26,000. Kilter Group LLC bought a new position in shares of Travelers Companies in the 2nd quarter valued at about $26,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Travelers Companies during the 4th quarter worth about $26,000. Institutional investors and hedge funds own 82.45% of the company's stock.
Travelers Companies Stock Down 0.2%
Shares of TRV opened at $363.83 on Friday. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The firm has a market cap of $75.88 billion, a P/E ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The firm's 50-day simple moving average is $352.28 and its 200 day simple moving average is $318.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.
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 (EPS) for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period last year, the business posted $6.51 earnings per share. The business's revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.
Travelers Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies's dividend payout ratio (DPR) is 13.39%.
Insider Buying and Selling at Travelers Companies
In related news, EVP Michael Frederick Klein sold 6,000 shares of the business's 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 sale, the executive vice president directly owned 45,125 shares in the company, valued at $16,519,811.25. The trade was a 11.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the company's stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the transaction, the chief financial officer directly owned 27,535 shares in the company, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,667 shares of company stock worth $22,688,329 in the last 90 days. Company insiders own 1.39% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on TRV shares. UBS Group upped their target price on shares of Travelers Companies from $314.00 to $350.00 and gave the company a "neutral" rating in a report on Wednesday, July 8th. BMO Capital Markets downgraded Travelers Companies from an "outperform" rating to a "market perform" rating and boosted their price target for the stock from $314.00 to $379.00 in a research report on Tuesday, July 21st. JPMorgan Chase & Co. upgraded Travelers Companies from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Finally, Zacks Research raised Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of "Hold" and a consensus price target of $354.26.
Get Our Latest Report on Travelers Companies
About Travelers Companies
(
Free Report)
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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