The Travelers Companies, Inc. $TRV Position Reduced by Pensionfund Sabic

Key Points

• Pensionfund Sabic has reduced its position in The Travelers Companies, Inc. by 13.0%, now holding 6,000 shares valued at approximately $1.59 million.
• Vanguard Group Inc. increased its stake in Travelers by 0.5% to over 21.7 million shares, valued at around $5.75 billion, illustrating continued institutional interest in the company.
• Recently, analysts have set a range of price targets for Travelers, with a consensus target of $284.56 and a current average rating of "Hold."

Pensionfund Sabic reduced its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 13.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,000 shares of the insurance provider's stock after selling 900 shares during the period. Pensionfund Sabic's holdings in Travelers Companies were worth $1,587,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Travelers Companies by 0.5% in the first quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider's stock worth $5,747,656,000 after acquiring an additional 115,808 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Travelers Companies by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider's stock worth $899,988,000 after acquiring an additional 25,573 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Travelers Companies by 12.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,620 shares of the insurance provider's stock worth $653,443,000 after acquiring an additional 291,506 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Travelers Companies by 31,132.9% in the first 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 in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Travelers Companies by 25.3% in the first 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 in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on TRV. Morgan Stanley set a $269.00 target price on shares of 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 report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price on the stock. UBS Group increased their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company increased their price target on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $284.56.

Travelers Companies Trading Down 0.2%

NYSE:TRV opened at $278.83 on Friday. The stock's 50 day moving average price is $266.13 and its 200 day moving average price is $263.38. The Travelers Companies, Inc. has a 52 week low of $224.62 and a 52 week high of $280.70. The company has a market capitalization of $62.77 billion, a P/E ratio of 12.33, a P/E/G ratio of 3.21 and a beta of 0.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the prior year, the company posted $2.51 earnings per share. The firm's revenue was up 7.4% on a year-over-year basis. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal 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 issued 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 1.6%. Travelers Companies's dividend payout ratio is currently 19.46%.

Insider Buying and Selling

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the 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 transaction, the executive vice president owned 18,416 shares in the company, valued at $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company's stock.

Travelers Companies Profile

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.

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