Jupiter Asset Management Ltd. Has $3.58 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• Jupiter Asset Management Ltd. significantly reduced its holdings in The Travelers Companies by 82.1%, selling 62,158 shares and ending up with 13,544 shares valued at approximately $3.58 million.
• Travelers Companies reported a record earnings per share (EPS) of $6.51 for the latest quarter, significantly exceeding estimates of $3.52, and experienced a revenue growth of 7.4% year-over-year.
• The company announced a quarterly dividend of $1.10 per share, equating to an annual yield of 1.7%, with the ex-dividend date set for September 10th.

Jupiter Asset Management Ltd. trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 82.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,544 shares of the insurance provider's stock after selling 62,158 shares during the period. Jupiter Asset Management Ltd.'s holdings in Travelers Companies were worth $3,582,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Cornerstone Planning Group LLC raised its position in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after purchasing an additional 84 shares during the last quarter. Putney Financial Group LLC purchased a new stake in shares of Travelers Companies during the fourth quarter worth $26,000. Ameriflex Group Inc. bought a new position in shares of Travelers Companies in the fourth quarter worth $26,000. Kapitalo Investimentos Ltda bought a new position in Travelers Companies in the fourth quarter valued at $30,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in shares of Travelers Companies during the fourth quarter worth about $33,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on TRV shares. UBS Group lifted their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Citigroup reiterated a "market perform" rating on shares of Travelers Companies in a research report on Monday, July 21st. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Jefferies Financial Group increased their price objective on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Finally, Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Travelers Companies has a consensus rating of "Hold" and a consensus target price of $279.82.

Travelers Companies Price Performance

Shares of NYSE TRV traded down $2.18 during trading on Thursday, hitting $265.40. The company had a trading volume of 663,981 shares, compared to its average volume of 1,339,853. The Travelers Companies, Inc. has a 52 week low of $208.63 and a 52 week high of $277.83. The company has a market cap of $59.75 billion, a P/E ratio of 11.74, a PEG ratio of 3.07 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The business's 50-day moving average is $263.56 and its 200 day moving average is $258.23.

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 the consensus estimate of $3.52 by $2.99. The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.51 EPS. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's payout ratio is 19.46%.

Insider Buying and Selling at Travelers Companies

In related news, CFO Daniel S. Frey sold 20,286 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the sale, the chief financial officer directly owned 26,932 shares of the company's stock, valued at $7,365,363.36. This trade represents a 42.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Avrohom J. Kess sold 23,434 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.93, for a total value of $6,419,275.62. Following the sale, the insider directly owned 48,387 shares of the company's stock, valued at $13,254,650.91. This represents a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,374 shares of company stock worth $47,929,912 in the last 90 days. 1.46% of the stock is currently owned by insiders.

Travelers Companies 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.