Jacobs Levy Equity Management Inc. Has $267.75 Million Stake in The Travelers Companies, Inc. $TRV

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in The Travelers Companies by 7.5%, selling 81,986 shares during the first quarter, leaving it with approximately 1,012,421 shares valued at $267,745,000.
• The Travelers Companies reported a Q2 EPS of $6.51, surpassing estimates, and a revenue of $11.54 billion, which was higher than projected by analysts.
• The company announced a quarterly dividend of $1.10 per share, with a payout ratio of 19.46%, set to be paid on September 30th to shareholders of record from September 10th.

Jacobs Levy Equity Management Inc. lowered its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 7.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,012,421 shares of the insurance provider's stock after selling 81,986 shares during the quarter. Travelers Companies accounts for approximately 1.1% of Jacobs Levy Equity Management Inc.'s holdings, making the stock its 14th biggest holding. Jacobs Levy Equity Management Inc. owned about 0.45% of Travelers Companies worth $267,745,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its holdings in Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after buying an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new position in shares of Travelers Companies in the 1st quarter worth about $26,000. Ameriflex Group Inc. bought a new position in shares of Travelers Companies in the 4th quarter worth about $26,000. Putney Financial Group LLC bought a new position in shares of Travelers Companies in the 4th quarter worth about $26,000. Finally, Capital Analysts LLC lifted its position in shares of Travelers Companies by 248.6% in the 1st quarter. Capital Analysts LLC now owns 122 shares of the insurance provider's stock worth $33,000 after buying an additional 87 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Insiders Place Their Bets

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the sale, the executive vice president owned 18,416 shares in the company, valued at $4,900,865.92. This trade represents a 38.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company's stock.

Travelers Companies Price Performance

Shares of TRV stock traded down $0.69 during midday trading on Tuesday, reaching $273.79. 992,194 shares of the company were exchanged, compared to its average volume of 1,322,673. The Travelers Companies, Inc. has a 12 month low of $224.62 and a 12 month high of $280.70. The company has a market cap of $61.64 billion, a P/E ratio of 12.11, a PEG ratio of 3.16 and a beta of 0.53. The company's 50 day moving average price is $265.09 and its two-hundred day moving average price is $262.84. 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 released its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. Travelers Companies's revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.51 EPS. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's dividend payout ratio is presently 19.46%.

Analyst Ratings Changes

Several analysts recently weighed in on TRV shares. Barclays downgraded shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $280.00 to $274.00 in a research report on Monday, July 7th. UBS Group lifted their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Wall Street Zen downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Finally, Citigroup started coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.