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IFM Investors Pty Ltd Raises Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Travelers Companies logo with Finance background

IFM Investors Pty Ltd grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 8.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,954 shares of the insurance provider's stock after acquiring an additional 3,696 shares during the quarter. IFM Investors Pty Ltd's holdings in Travelers Companies were worth $12,153,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Putney Financial Group LLC purchased a new position in shares of Travelers Companies during the fourth quarter worth approximately $26,000. Ameriflex Group Inc. purchased a new position in shares of Travelers Companies during the fourth quarter worth approximately $26,000. Kapitalo Investimentos Ltda purchased a new position in shares of Travelers Companies in the fourth quarter worth $30,000. Wood Tarver Financial Group LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth $33,000. Finally, Generali Investments Management Co LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth $37,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 15,180 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $272.87, for a total value of $4,142,166.60. Following the completion of the transaction, the executive vice president owned 6,075 shares of the company's stock, valued at approximately $1,657,685.25. The trade was a 71.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 20,286 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.48, for a total value of $5,547,815.28. Following the completion of the transaction, the chief financial officer directly owned 26,932 shares of the company's stock, valued at approximately $7,365,363.36. This trade represents a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock worth $44,868,201 in the last quarter. Insiders own 1.46% of the company's stock.

Travelers Companies Stock Down 2.0%

Shares of TRV traded down $5.30 during trading hours on Monday, hitting $258.83. The company had a trading volume of 1,112,021 shares, compared to its average volume of 1,285,618. The firm has a fifty day moving average price of $267.83 and a 200-day moving average price of $255.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $58.46 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 3.87 and a beta of 0.51. The Travelers Companies, Inc. has a 52-week low of $202.69 and a 52-week high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. During the same quarter in the previous year, the firm earned $4.69 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were given a $1.10 dividend. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date was Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.70%. Travelers Companies's payout ratio is 23.95%.

Wall Street Analyst Weigh In

Several research analysts recently commented on TRV shares. Barclays downgraded shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $280.00 to $274.00 in a research note on Monday. Evercore ISI lifted their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a report on Monday, March 24th. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Finally, Wells Fargo & Company lifted their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a report on Thursday, April 17th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Travelers Companies has an average rating of "Hold" and a consensus target price of $270.79.

Check Out Our Latest Analysis on TRV

About Travelers Companies

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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