Te Ahumairangi Investment Management Ltd purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 30,267 shares of the insurance provider's stock, valued at approximately $9,992,000. Travelers Companies accounts for approximately 1.6% of Te Ahumairangi Investment Management Ltd's portfolio, making the stock its 14th largest position.
Several other hedge funds also recently bought and sold shares of TRV. Mission Financial Group LLC bought a new position in shares of Travelers Companies during the second quarter worth $204,000. Pinnacle Holdings LLC acquired a new stake in Travelers Companies during the 2nd quarter worth $3,550,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Travelers Companies during the 2nd quarter worth $4,447,000. Haverford Financial Services Inc. bought a new position in Travelers Companies during the second quarter worth about $7,047,000. Finally, Twin Tree Management LP acquired a new position in Travelers Companies in the second quarter valued at about $3,460,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.
Travelers Companies Trading Up 0.1%
NYSE:TRV opened at $363.83 on Monday. The company has a market cap of $75.89 billion, a P/E ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The business has a 50 day moving average price of $352.28 and a two-hundred day moving average price of $318.35. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.
Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts' consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the previous year, the firm posted $6.51 earnings per share. The firm's revenue for the quarter was up .3% on a year-over-year basis. As a group, analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.
Travelers Companies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies's payout ratio is 13.39%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on TRV. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Travelers Companies in a report on Tuesday, July 21st. UBS Group increased their target price on Travelers Companies from $314.00 to $350.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 8th. The Goldman Sachs Group downgraded shares of Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 target price on the stock. in a report on Monday, July 20th. Citigroup reaffirmed a "market perform" rating on shares of Travelers Companies in a research note on Monday, July 20th. Finally, Bank of America increased their price objective on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an "underperform" rating in a research report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of "Hold" and an average price target of $354.26.
Check Out Our Latest Analysis on Travelers Companies
Insider Activity at Travelers Companies
In other news, EVP David Donnay Rowland sold 5,000 shares of the firm's stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the transaction, the executive vice president owned 10,479 shares in the company, valued at $3,894,939.51. This trade represents a 32.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the sale, the executive vice president directly owned 68,834 shares in the company, valued at approximately $26,638,758. This represents a 9.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 62,667 shares of company stock worth $22,688,329. Corporate insiders own 1.39% of the company's stock.
About Travelers Companies
(
Free Report)
The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.
See Also
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV - Free Report).
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