Mn Services Vermogensbeheer B.V. Raises Stock Holdings in The Travelers Companies, Inc. $TRV

Key Points

• Mere2.0% to own a total of 84,747 shares, valued at $22.67 million.
• Travelers Companies recently declared a $1.10 quarterly dividend to be paid on September 30th, representing an annualized yield of 1.6%.
• Several analysts have adjusted their ratings, with Keefe, Bruyette & Woods raising their price target to $316 while Barclays downgraded it to $274, reflecting varied outlooks on the stock's performance.

Mn Services Vermogensbeheer B.V. raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,747 shares of the insurance provider's stock after buying an additional 1,700 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Travelers Companies were worth $22,673,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Travelers Companies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider's stock valued at $5,747,656,000 after buying an additional 115,808 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Travelers Companies by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider's stock valued at $899,988,000 after buying an additional 25,573 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Travelers Companies by 31,132.9% during the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock valued at $582,733,000 after acquiring an additional 2,196,426 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Travelers Companies by 25.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock valued at $511,631,000 after acquiring an additional 390,104 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its position in shares of Travelers Companies by 41.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock valued at $444,101,000 after acquiring an additional 490,039 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. UBS Group boosted their target price on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Citigroup started coverage on Travelers Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price for the company. Finally, Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock 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, six have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $284.56.

Insider Activity at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the sale, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

Travelers Companies Trading Down 0.3%

TRV stock traded down $0.84 during midday trading on Friday, hitting $277.07. The company had a trading volume of 2,499,830 shares, compared to its average volume of 1,101,144. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 52 week low of $224.62 and a 52 week high of $280.70. The stock's 50 day moving average price is $268.10 and its 200 day moving average price is $264.07. The stock has a market cap of $62.38 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 3.19 and a beta of 0.53.

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 for the quarter, beating the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the previous year, the company posted $2.51 earnings per share. The business's revenue was up 7.4% on a year-over-year basis. As a group, equities research 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies's payout ratio is 19.46%.

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.