Sumitomo Mitsui DS Asset Management Company Ltd Has $73.51 Million Stake in The Travelers Companies, Inc. $TRV

Key Points

• Sumitomo Mitsui DS Asset Management increased its stake in The Travelers Companies by 6.1%, owning approximately 274,777 shares valued at $73.5 million.
• Institutional investors now hold about 82.45% of Travelers Companies' stock, with notable increases from firms like Goldman Sachs and Vanguard Group.
• Travelers Companies reported strong quarterly earnings with an EPS of $6.51, surpassing estimates, and announced a dividend of $1.10 per share set to be paid in September.

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 274,777 shares of the insurance provider's stock after purchasing an additional 15,691 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 0.12% of Travelers Companies worth $73,514,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its position in shares of Travelers Companies by 700.0% during the 1st 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 last quarter. Greykasell Wealth Strategies Inc. acquired a new position in shares of Travelers Companies during the 1st quarter worth $26,000. Ameriflex Group Inc. acquired a new stake in Travelers Companies in the 4th quarter valued at about $26,000. Putney Financial Group LLC acquired a new stake in shares of Travelers Companies during the 4th quarter worth about $26,000. Finally, Nova Wealth Management Inc. purchased a new position in shares of Travelers Companies during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Activity at Travelers Companies

In related 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 value of $4,668,222.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction that occurred 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 owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. This trade 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 Stock Down 0.3%

NYSE:TRV traded down $0.84 on Friday, hitting $277.07. 2,499,830 shares of the company's stock traded hands, 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 1 year low of $224.62 and a 1 year high of $280.70. The firm has a 50-day moving average price of $268.10 and a 200-day moving average price of $264.07. The company has a market cap of $62.38 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 3.18 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results 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. The company had revenue of $11.54 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.51 EPS. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a $1.10 dividend. 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 presently 19.46%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TRV. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Wolfe Research assumed coverage on shares of Travelers Companies in a research note on Monday. They set a "peer perform" rating on the stock. UBS Group lifted their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Barclays cut shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Finally, Wall Street Zen cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of "Hold" and a consensus price target 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.