The Travelers Companies, Inc. $TRV Shares Sold by Applied Finance Capital Management LLC

Key Points

• Applied Finance Capital Management LLC reduced its holdings in The Travelers Companies by 3.9% in Q2, now owning 89,546 shares valued at approximately $23.96 million.
• Multiple analysts have recently upgraded their ratings on Travelers Companies, with Weiss Ratings reaffirming a "buy" and Wall Street Zen upgrading from "hold" to "buy."
• Travelers Companies announced a quarterly dividend of $1.10 per share, with the payout date set for December 31, reflecting an annualized yield of 1.7%.

Applied Finance Capital Management LLC lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,546 shares of the insurance provider's stock after selling 3,631 shares during the period. Travelers Companies accounts for approximately 1.6% of Applied Finance Capital Management LLC's holdings, making the stock its 23rd biggest position. Applied Finance Capital Management LLC's holdings in Travelers Companies were worth $23,955,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TRV. PFG Advisors raised its position in shares of Travelers Companies by 108.8% during the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider's stock worth $1,125,000 after purchasing an additional 2,217 shares during the period. Greatmark Investment Partners Inc. grew its stake in Travelers Companies by 3.0% during the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider's stock worth $16,120,000 after buying an additional 1,772 shares during the last quarter. Atlas Capital Advisors Inc. increased its position in Travelers Companies by 890.9% in the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider's stock worth $1,205,000 after buying an additional 4,098 shares during the period. Concurrent Investment Advisors LLC lifted its stake in Travelers Companies by 47.3% in the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider's stock valued at $1,403,000 after buying an additional 1,703 shares during the last quarter. Finally, Alpha Cubed Investments LLC boosted its holdings in shares of Travelers Companies by 200.2% during the first quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider's stock valued at $870,000 after acquiring an additional 2,194 shares during the period. Institutional investors own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TRV shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Travelers Companies in a report on Tuesday. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Saturday, October 11th. Evercore ISI reiterated an "outperform" rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Citigroup began coverage on Travelers Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price on the stock. Finally, Cantor Fitzgerald upgraded Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $291.59.

Insider Activity

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the company's stock in a transaction dated 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm's stock in a transaction dated 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. 1.46% of the stock is currently owned by insiders.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $261.61 on Friday. The stock has a market cap of $58.90 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 2.98 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 $230.23 and a 12 month high of $287.95. The stock's 50 day moving average price is $273.99 and its 200 day moving average price is $266.31.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The firm had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same period last year, the company posted $5.24 EPS. The firm's quarterly revenue was up 4.8% on a year-over-year basis. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies's payout ratio is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.