Mirae Asset Global Investments Co. Ltd. Has $13.58 Million Position in The Travelers Companies, Inc. $TRV

Key Points

• Mirae Asset Global Investments increased its stake in The Travelers Companies by 11.5%, owning 50,739 shares worth approximately $13.58 million as of its latest SEC filing.
• The Travelers Companies reported robust earnings with an EPS of $6.51 for the latest quarter, significantly exceeding analysts' expectations of $3.52, and had a revenue of $11.54 billion.
• The company declared a quarterly dividend of $1.10 per share, resulting in an annualized dividend yield of 1.5%.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 11.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,739 shares of the insurance provider's stock after buying an additional 5,234 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Travelers Companies were worth $13,575,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Cornell Pochily Investment Advisors Inc. lifted its holdings in shares of Travelers Companies by 14.5% during the second quarter. Cornell Pochily Investment Advisors Inc. now owns 1,591 shares of the insurance provider's stock worth $426,000 after buying an additional 202 shares during the last quarter. J. Safra Sarasin Holding AG acquired a new position in shares of Travelers Companies during the second quarter worth approximately $1,823,000. Warren Street Wealth Advisors LLC lifted its holdings in shares of Travelers Companies by 5.3% during the second quarter. Warren Street Wealth Advisors LLC now owns 938 shares of the insurance provider's stock worth $251,000 after buying an additional 47 shares during the last quarter. Pure Financial Advisors LLC lifted its holdings in shares of Travelers Companies by 105.3% during the second quarter. Pure Financial Advisors LLC now owns 2,156 shares of the insurance provider's stock worth $577,000 after buying an additional 1,106 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Travelers Companies by 86.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider's stock worth $197,686,000 after buying an additional 342,666 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of TRV stock opened at $284.93 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market cap of $64.15 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 3.27 and a beta of 0.51. The stock's fifty day simple moving average is $271.60 and its 200 day simple moving average is $265.48. The Travelers Companies, Inc. has a one year low of $224.62 and a one year high of $286.17.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data 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 analyst estimates 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 was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.51 earnings per share. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies's payout ratio is currently 19.46%.

Insider Buying and Selling at Travelers Companies

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

Analysts Set New Price Targets

TRV has been the subject of a number of research analyst reports. Evercore ISI reiterated an "outperform" rating on shares of Travelers Companies in a report on Wednesday. Citigroup assumed coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price objective on the stock. Cantor Fitzgerald upgraded Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. UBS Group boosted their price objective on Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Finally, Barclays cut Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $280.00 to $274.00 in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of "Hold" and an average target price of $284.56.

About Travelers Companies

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.

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