The Travelers Companies, Inc. $TRV Shares Acquired by Norinchukin Bank The

Key Points

• Norinchukin Bank increased its shareholding in The Travelers Companies, Inc. (NYSE: TRV) by 8.7% in Q1, now owning 21,502 shares valued at approximately $5.69 million.
• Insider sales were notable, with EVP Maria Olivo selling 36,199 shares for nearly $10 million, resulting in a 23.46% decrease in her ownership.
• The company recently declared a quarterly dividend of $1.10 per share, reflecting an annualized yield of 1.6% and a payout ratio of 19.46%.

Norinchukin Bank The raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 8.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,502 shares of the insurance provider's stock after purchasing an additional 1,713 shares during the quarter. Norinchukin Bank The's holdings in Travelers Companies were worth $5,686,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TRV. Vanguard Group Inc. grew its position in shares of Travelers Companies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider's stock worth $5,747,656,000 after buying an additional 115,808 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Travelers Companies by 1.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider's stock worth $903,937,000 after buying an additional 70,036 shares during the period. Bank of America Corp DE grew its position in shares of Travelers Companies by 236.9% in 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 buying an additional 2,466,098 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Travelers Companies by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider's stock worth $899,988,000 after buying an additional 25,573 shares during the period. Finally, Northern Trust Corp grew its position in shares of Travelers Companies by 12.3% in the 4th quarter. Northern Trust Corp now owns 3,329,232 shares of the insurance provider's stock worth $801,979,000 after buying an additional 364,379 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Alan D. Schnitzer sold 35,456 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the sale, the chief executive officer owned 262,329 shares in the company, valued at approximately $71,820,433.62. The trade was a 11.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey P. Klenk sold 15,180 shares of the company'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 completion of the sale, the executive vice president owned 6,075 shares in the company, valued at approximately $1,657,685.25. This represents a 71.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,374 shares of company stock valued at $47,929,912. Company insiders own 1.46% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TRV shares. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Barclays cut shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Citigroup started coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price for the company. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Travelers Companies currently has an average rating of "Hold" and an average price target of $284.56.

Travelers Companies Trading Up 0.9%

Shares of NYSE:TRV traded up $2.45 on Wednesday, hitting $273.34. 257,585 shares of the company's stock were exchanged, compared to its average volume of 1,331,333. The stock has a market capitalization of $61.54 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 3.13 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 $222.21 and a 12 month high of $279.04. The business's 50 day simple moving average is $263.46 and its two-hundred day simple moving average is $260.61.

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

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies's dividend payout ratio (DPR) is currently 19.46%.

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.