IFM Investors Pty Ltd Acquires 1,193 Shares of The Travelers Companies, Inc. $TRV

Key Points

• IFM Investors Pty Ltd increased its stake in The Travelers Companies by 2.8%, owning 43,451 shares valued at $11,625,000 after acquiring additional shares in the second quarter.
• The Travelers Companies reported $6.51 EPS in its latest quarterly earnings, which is significantly higher than the analysts' expected $3.52, with year-over-year revenue growth of 7.4%.
• The company announced a quarterly dividend of $1.10, equating to an annualized dividend of $4.40 and a yield of 1.6%, scheduled to be paid on September 30th.

IFM Investors Pty Ltd raised its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,451 shares of the insurance provider's stock after buying an additional 1,193 shares during the period. IFM Investors Pty Ltd's holdings in Travelers Companies were worth $11,625,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TRV. Brighton Jones LLC grew its stake in shares of Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after purchasing an additional 387 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in Travelers Companies during the fourth quarter worth approximately $276,000. Tidal Investments LLC lifted its position in shares of Travelers Companies by 22.8% during the 4th quarter. Tidal Investments LLC now owns 9,124 shares of the insurance provider's stock worth $2,198,000 after buying an additional 1,694 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of Travelers Companies by 15.8% in the 4th quarter. Vident Advisory LLC now owns 5,797 shares of the insurance provider's stock valued at $1,397,000 after buying an additional 791 shares in the last quarter. Finally, Waverly Advisors LLC boosted its holdings in shares of Travelers Companies by 43.7% in the 4th quarter. Waverly Advisors LLC now owns 3,885 shares of the insurance provider's stock valued at $936,000 after buying an additional 1,181 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Insider Activity

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the company's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the sale, the executive vice president directly owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company's stock.

Travelers Companies Stock Down 0.3%

Travelers Companies stock traded down $0.84 during midday trading on Friday, hitting $277.07. The stock had a trading volume of 2,499,830 shares, compared to its average volume of 1,101,144. The business has a fifty day moving average price of $268.10 and a 200 day moving average price of $264.11. The Travelers Companies, Inc. has a 12 month low of $224.62 and a 12 month high of $280.70. The stock has a market cap of $62.38 billion, a P/E ratio of 12.25, a P/E/G ratio of 3.18 and a beta of 0.53. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results 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 company had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $2.51 earnings per share. Research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be given 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 presently 19.46%.

Analyst Ratings Changes

TRV has been the topic of several research analyst reports. Citigroup assumed coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price target on the stock. Wells Fargo & Company upped their target price on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Wall Street Zen lowered Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $280.00 to $274.00 in a report on Monday, July 7th. Finally, UBS Group lifted their target price on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $284.56.

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.