Focus Partners Advisor Solutions LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,521 shares of the insurance provider's stock, valued at approximately $3,143,000.
A number of other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Travelers Companies during the 4th quarter worth about $723,339,000. State Street Corp boosted its holdings in Travelers Companies by 3.1% in the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider's stock valued at $4,641,093,000 after purchasing an additional 486,861 shares in the last quarter. AustralianSuper Pty Ltd increased its stake in Travelers Companies by 102.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider's stock valued at $263,537,000 after purchasing an additional 458,746 shares during the last quarter. Amundi increased its stake in Travelers Companies by 36.6% in the first quarter. Amundi now owns 1,392,468 shares of the insurance provider's stock valued at $406,155,000 after purchasing an additional 373,061 shares during the last quarter. Finally, Woodline Partners LP acquired a new stake in Travelers Companies during the third quarter worth approximately $99,680,000. 82.45% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Travelers Companies
In related news, EVP Diane Kurtzman sold 4,164 shares of the firm's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the transaction, the executive vice president owned 5,298 shares of the company's stock, valued at $2,048,789.58. This trade represents a 44.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Daniel S. Frey sold 14,037 shares of the business's stock in a transaction dated 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 owned 27,535 shares in the company, valued at $10,139,488.40. This trade represents a 33.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 62,667 shares of company stock valued at $22,688,329. Corporate insiders own 1.39% of the company's stock.
Travelers Companies Stock Performance
Shares of Travelers Companies stock opened at $370.49 on Friday. The firm's fifty day simple moving average is $345.99 and its 200-day simple moving average is $315.26. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The stock has a market capitalization of $77.27 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 3.52 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.
Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $11.26 billion. During the same quarter in the prior year, the business earned $6.51 EPS. Travelers Companies's quarterly revenue was up .3% compared to the same quarter last year. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.
Travelers Companies Announces Dividend
The firm 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 annualized dividend and a dividend yield of 1.3%. Travelers Companies's dividend payout ratio is 13.39%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on TRV. 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. Evercore set a $329.00 price target on shares of Travelers Companies and gave the company an "in-line" rating in a research report on Friday, July 10th. The Goldman Sachs Group downgraded shares of Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 price objective for the company. in a research note on Monday, July 20th. HSBC raised their price objective on Travelers Companies from $321.00 to $351.00 and gave the stock a "hold" rating in a report on Monday, July 6th. Finally, Citigroup reiterated a "market perform" rating on shares of Travelers Companies in a research report on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $354.26.
Check Out Our Latest Stock Report on TRV
Travelers Companies Company Profile
(
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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