National Mutual Insurance Federation of Agricultural Cooperatives Has $13.22 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

National Mutual Insurance Federation of Agricultural Cooperatives trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 51.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the insurance provider's stock after selling 54,000 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives' holdings in Travelers Companies were worth $13,223,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TRV. Cornerstone Planning Group LLC lifted its position in Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after acquiring an additional 84 shares during the last quarter. Putney Financial Group LLC acquired a new stake in Travelers Companies during the fourth quarter worth approximately $26,000. Ameriflex Group Inc. acquired a new stake in Travelers Companies during the fourth quarter worth approximately $26,000. Kapitalo Investimentos Ltda acquired a new stake in Travelers Companies during the fourth quarter worth approximately $30,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in Travelers Companies during the fourth quarter worth approximately $33,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 15,180 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $272.87, for a total value of $4,142,166.60. Following the sale, the executive vice president owned 6,075 shares in the company, valued at $1,657,685.25. This trade represents a 71.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Daniel S. Frey sold 20,286 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the sale, the chief financial officer owned 26,932 shares in the company, valued at $7,365,363.36. This represents a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 163,869 shares of company stock valued at $44,868,201 over the last three months. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

NYSE:TRV traded up $3.96 during mid-day trading on Friday, reaching $265.77. The stock had a trading volume of 1,687,842 shares, compared to its average volume of 1,289,074. The stock has a 50-day simple moving average of $265.92 and a two-hundred day simple moving average of $256.35. The stock has a market capitalization of $59.83 billion, a PE ratio of 11.75, a P/E/G ratio of 3.82 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 12 month low of $203.21 and a 12 month high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. The business had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $2.51 earnings per share. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed 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 is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.66%. Travelers Companies's dividend payout ratio (DPR) is 19.46%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays downgraded shares of 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. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Friday. Jefferies Financial Group raised their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Wells Fargo & Company raised their target price on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a report on Friday. Three analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and an average price target of $274.61.

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.