The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in The Travelers Companies by 2.8%, acquiring an additional 16,571 shares, bringing its total holdings to 605,912 shares worth approximately $160 million.
• The Travelers Companies reported a strong earnings quarter with a net income of $6.51 per share, exceeding analysts' expectations and marking a significant year-over-year increase.
• The company has announced a quarterly dividend of $1.10 per share, set to be paid on September 30th, with a current yield of 1.7% and a payout ratio of 19.46%.

Russell Investments Group Ltd. increased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 605,912 shares of the insurance provider's stock after purchasing an additional 16,571 shares during the period. Russell Investments Group Ltd. owned approximately 0.27% of Travelers Companies worth $160,051,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its stake in Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after buying an additional 84 shares during the period. Putney Financial Group LLC purchased a new position in Travelers Companies during the fourth quarter worth $26,000. Ameriflex Group Inc. purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $26,000. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Travelers Companies during the first quarter valued at $26,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Travelers Companies in the fourth quarter worth about $30,000. Institutional investors own 82.45% of the company's stock.

Insider Activity

In other news, insider Avrohom J. Kess sold 23,434 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the transaction, the insider owned 48,387 shares of the company's stock, valued at approximately $13,254,650.91. The trade was a 32.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Alan D. Schnitzer sold 35,456 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the transaction, the chief executive officer directly owned 262,329 shares in the company, valued at approximately $71,820,433.62. The trade was a 11.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,374 shares of company stock worth $47,929,912. Insiders own 1.46% of the company's stock.

Travelers Companies Price Performance

TRV traded down $3.02 on Friday, hitting $265.57. 1,295,665 shares of the company's stock were exchanged, compared to its average volume of 1,337,458. The Travelers Companies, Inc. has a fifty-two week low of $215.39 and a fifty-two week high of $277.83. 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 firm has a 50-day moving average price of $262.58 and a 200-day moving average price of $259.17. The stock has a market cap of $59.79 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 3.08 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results 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. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter in the previous year, the company posted $2.51 EPS. The firm's quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.7%. Travelers Companies's payout ratio is presently 19.46%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TRV shares. UBS Group upped their price objective 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 started coverage on shares of Travelers Companies in a research report on Wednesday. They issued a "neutral" rating and a $291.00 price objective for the company. Barclays downgraded shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $280.00 to $274.00 in a report on Monday, July 7th. Evercore ISI increased their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Finally, Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the stock an "equal weight" rating in a report on Monday, May 19th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $284.56.

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.