Natural Investments LLC Lowers Stake in The Travelers Companies, Inc. $TRV

Key Points

• Natural Investments LLC has reduced its stake in The Travelers Companies, Inc. by 9.4%, now holding 10,346 shares valued at approximately $2.77 million.
• Several institutional investors, including PFG Advisors and Atlas Capital Advisors, have notably increased their holdings in Travelers Companies, indicating strong institutional interest in the stock.
• Analysts have generally given Travelers Companies a consensus rating of "Hold" with a target price of $290.11, though ratings vary from "Strong Buy" to "Sell" among different firms.

Natural Investments LLC cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 9.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,346 shares of the insurance provider's stock after selling 1,071 shares during the quarter. Natural Investments LLC's holdings in Travelers Companies were worth $2,767,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. PFG Advisors grew its holdings in shares of Travelers Companies by 108.8% during the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider's stock worth $1,125,000 after buying an additional 2,217 shares in the last quarter. Greatmark Investment Partners Inc. grew its holdings in Travelers Companies by 3.0% in the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider's stock valued at $16,120,000 after purchasing an additional 1,772 shares during the period. Atlas Capital Advisors Inc. grew its holdings in Travelers Companies by 890.9% in the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider's stock valued at $1,205,000 after purchasing an additional 4,098 shares during the period. Concurrent Investment Advisors LLC grew its holdings in Travelers Companies by 47.3% in the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider's stock valued at $1,403,000 after purchasing an additional 1,703 shares during the period. Finally, Alpha Cubed Investments LLC grew its holdings in Travelers Companies by 200.2% in the first quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider's stock valued at $870,000 after purchasing an additional 2,194 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $275.00 to $291.00 and gave the company an "equal weight" rating in a report on Wednesday. UBS Group lifted their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the company a "neutral" rating in a research report on Wednesday. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Evercore ISI reaffirmed an "outperform" rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Finally, Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $290.11.

Travelers Companies Trading Down 1.6%

NYSE TRV opened at $269.92 on Friday. The company's fifty day simple moving average is $273.66 and its 200-day simple moving average is $266.13. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $287.95. 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 stock has a market cap of $60.77 billion, a P/E ratio of 11.94, a PEG ratio of 3.13 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its 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. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same period in the previous year, the company posted $2.51 earnings per share. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 10th. Travelers Companies's payout ratio is presently 19.46%.

Insiders Place Their Bets

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction on Friday, August 22nd. The shares were 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 this hyperlink. 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 transaction 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 $4,900,865.92. This represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.46% of the company's stock.

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.

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