Man Group plc bought a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,382 shares of the insurance provider's stock, valued at approximately $8,379,000.
Several other institutional investors have also added to or reduced their stakes in TRV. HHM Wealth Advisors LLC raised its holdings in shares of Travelers Companies by 145.7% in 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 period. Whipplewood Advisors LLC purchased a new position in Travelers Companies during the 1st quarter valued at $26,000. LifeSteps Financial Inc. purchased a new position in Travelers Companies during the 2nd quarter valued at $26,000. Kilter Group LLC bought a new position in Travelers Companies in the 2nd quarter valued at $26,000. Finally, Kemnay Advisory Services Inc. bought a new position in Travelers Companies in the 4th quarter valued at $26,000. Institutional investors own 82.45% of the company's stock.
Insider Activity at Travelers Companies
In other Travelers Companies news, EVP Diane Kurtzman sold 4,164 shares of Travelers Companies stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the transaction, the executive vice president owned 5,298 shares in the company, valued at $2,048,789.58. The trade was a 44.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of the business's stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the completion of the transaction, the executive vice president owned 10,479 shares of the company's stock, valued at $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 52,667 shares of company stock valued at $19,611,829 over the last 90 days. Company insiders own 1.39% of the company's stock.
Travelers Companies Stock Performance
Shares of NYSE:TRV opened at $369.85 on Friday. The company has a market capitalization of $77.14 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 3.51 and a beta of 0.45. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. 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 firm has a 50 day moving average of $358.56 and a 200 day moving average of $320.77.
Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to analysts' expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $6.51 EPS. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.
Travelers Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies's dividend payout ratio is 13.39%.
Analyst Ratings Changes
Several research firms have recently weighed in on TRV. Roth Capital lifted their target price on Travelers Companies from $345.00 to $425.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Wells Fargo & Company upped their price target on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an "equal weight" rating in a report on Thursday, July 9th. Evercore set a $329.00 price target on shares of Travelers Companies and gave the stock an "in-line" rating in a research note on Friday, July 10th. HSBC lifted their price objective 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. Finally, Morgan Stanley boosted their price objective on shares of Travelers Companies from $290.00 to $330.00 and gave the company an "underweight" rating in a research report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned 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, the company currently has a consensus rating of "Hold" and an average price target of $354.26.
Check Out Our Latest Analysis on Travelers Companies
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.
See Also
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV - Free Report).
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