Shell Asset Management Co. Boosts Stake in The Travelers Companies, Inc. $TRV

Key Points

• Shell Asset Management Co. increased its stake in The Travelers Companies, Inc. by 50.3%, owning 22,603 shares valued at $6,047,000 at the end of the second quarter.
• Several institutional investors, including Vanguard Group and Valeo Financial Advisors, also significantly increased their holdings in Travelers Companies during the recent quarter.
• Travelers Companies recently declared a quarterly dividend of $1.10 per share, representing a 1.6% dividend yield, with a payout ratio of 19.46%.

Shell Asset Management Co. lifted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 50.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,603 shares of the insurance provider's stock after purchasing an additional 7,568 shares during the quarter. Shell Asset Management Co.'s holdings in Travelers Companies were worth $6,047,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TRV. Vanguard Group Inc. grew its position in shares of Travelers Companies by 0.5% during the first quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider's stock worth $5,747,656,000 after acquiring an additional 115,808 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Travelers Companies by 71,265.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider's stock valued at $967,646,000 after buying an additional 3,611,758 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Travelers Companies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider's stock worth $899,988,000 after buying an additional 25,573 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Travelers Companies by 25.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock worth $511,631,000 after buying an additional 390,104 shares during the period. Finally, Bahl & Gaynor Inc. grew its holdings in shares of Travelers Companies by 41.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock worth $444,101,000 after buying an additional 490,039 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Activity

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TRV. UBS Group increased their price objective 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 price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Evercore ISI restated an "outperform" rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Weiss Ratings reiterated a "buy (b+)" rating on shares of Travelers Companies in a research note on Saturday, September 27th. Finally, Cantor Fitzgerald upgraded shares of Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $284.56.

Travelers Companies Trading Down 0.7%

Shares of TRV opened at $282.70 on Tuesday. The Travelers Companies, Inc. has a twelve month low of $224.62 and a twelve month high of $286.17. 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 market capitalization of $63.65 billion, a P/E ratio of 12.50, a PEG ratio of 3.27 and a beta of 0.51. The firm's 50-day moving average is $272.16 and its two-hundred day moving average is $265.71.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping 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 business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the previous year, the company earned $2.51 EPS. The company's quarterly revenue was up 7.4% on a year-over-year basis. On average, research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 10th. 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.

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