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National Pension Service Purchases 18,648 Shares of The Travelers Companies, Inc. (NYSE:TRV)

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Key Points

  • National Pension Service increased its ownership of Travelers Companies, Inc. (NYSE:TRV) by 3.7%, holding 524,189 shares valued at approximately $138.6 million.
  • Travelers Companies reported $6.51 earnings per share for the latest quarter, beating the analysts' expectations of $3.52, and yielded a 10.97% net margin.
  • The company declared a quarterly dividend of $1.10 per share, reflecting a yield of 1.6% with a payout ratio of 19.46%.
  • Want stock alerts on Travelers Companies? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

National Pension Service increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 524,189 shares of the insurance provider's stock after acquiring an additional 18,648 shares during the quarter. National Pension Service owned approximately 0.23% of Travelers Companies worth $138,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TRV. Bank of America Corp DE grew its position in Travelers Companies by 236.9% during the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock worth $844,854,000 after acquiring an additional 2,466,098 shares during the last quarter. GAMMA Investing LLC grew its position in Travelers Companies by 31,132.9% during the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock worth $582,733,000 after acquiring an additional 2,196,426 shares during the last quarter. Nuveen LLC bought a new position in Travelers Companies during the 1st quarter worth approximately $294,755,000. Balyasny Asset Management L.P. grew its position in Travelers Companies by 153.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock worth $360,694,000 after acquiring an additional 907,266 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Travelers Companies by 25.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock worth $511,631,000 after acquiring an additional 390,104 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 20,286 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the sale, the chief financial officer directly owned 26,932 shares in the company, valued at $7,365,363.36. This represents a 42.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company's 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 owned 18,416 shares in the company, 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. Over the last 90 days, insiders sold 175,374 shares of company stock valued at $47,929,912. Corporate insiders own 1.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TRV shares. Barclays lowered Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Citigroup began coverage on Travelers Companies in a research report on Wednesday. They issued a "neutral" rating and a $291.00 price objective on the stock. Finally, Wall Street Zen lowered Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and an average target price of $284.56.

View Our Latest Stock Analysis on TRV

Travelers Companies Price Performance

Shares of NYSE:TRV traded down $3.02 during mid-day trading on Friday, reaching $265.57. The stock had a trading volume of 1,295,665 shares, compared to its average volume of 1,253,062. 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 company has a market cap of $59.79 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 3.08 and a beta of 0.51. The Travelers Companies, Inc. has a 1 year low of $215.39 and a 1 year high of $277.83. The business's 50 day moving average price is $262.41 and its 200 day moving average price is $259.29.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.51 earnings per share. Research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.7%. Travelers Companies's dividend payout ratio is 19.46%.

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.

See Also

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

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