GQG Partners LLC Buys Shares of 2,390,090 The Travelers Companies, Inc. $TRV

Key Points

• GQG Partners initiated a position of 2.39 million Travelers shares worth approximately $789 million, representing about 1.5% of its portfolio and 1.15% of Travelers’ outstanding stock.
• Travelers reported strong quarterly results, with EPS of $10.04 versus the $5.41 consensus estimate and revenue of $12.15 billion, while analysts maintain an overall “Hold” rating with an average $354.26 price target.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.4% yield; meanwhile, insiders sold 62,667 shares worth about $22.7 million over the past three months.

GQG Partners LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,390,090 shares of the insurance provider's stock, valued at approximately $789,024,000. Travelers Companies makes up approximately 1.5% of GQG Partners LLC's investment portfolio, making the stock its 22nd biggest holding. GQG Partners LLC owned about 1.15% of Travelers Companies as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Travelers Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider's stock worth $6,413,207,000 after purchasing an additional 110,311 shares in the last quarter. BlackRock Inc. bought a new position in shares of Travelers Companies in the 2nd quarter worth $6,915,909,000. State Street Corp raised its position in shares of Travelers Companies by 3.1% during the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider's stock valued at $4,641,093,000 after buying an additional 486,861 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Travelers Companies by 2.3% during the 4th quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider's stock worth $1,100,416,000 after acquiring an additional 85,298 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Travelers Companies by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider's stock worth $1,016,433,000 after acquiring an additional 123,564 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Down 0.2%

Shares of NYSE TRV opened at $363.83 on Friday. 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 Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The firm's fifty day moving average is $352.28 and its 200 day moving average is $318.12. The company has a market cap of $75.88 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 3.46 and a beta of 0.45.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to analysts' expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.51 EPS. On average, equities research analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies's dividend payout ratio is presently 13.39%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the sale, the executive vice president owned 45,125 shares in the company, valued at approximately $13,882,706.25. This trade represents a 18.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the sale, the executive vice president owned 68,834 shares in the company, valued at approximately $26,638,758. This represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 62,667 shares of company stock worth $22,688,329 over the last three months. 1.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TRV. Raymond James Financial set a $430.00 price objective on Travelers Companies in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Travelers Companies in a research report on Tuesday, July 21st. UBS Group boosted their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a "neutral" rating in a report on Wednesday, July 8th. Cantor Fitzgerald upped their price objective on shares of Travelers Companies from $335.00 to $360.00 and gave the company an "overweight" rating in a research note on Thursday, July 9th. Finally, HSBC increased their target price on shares of Travelers Companies from $321.00 to $351.00 and gave the company a "hold" rating in a report on Monday, July 6th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Travelers Companies currently has an average rating of "Hold" and an average target price of $354.26.

Travelers Companies Profile

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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