Capital Fund Management S.A. Sells 45,890 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Capital Fund Management S.A. has significantly reduced its stake in The Travelers Companies by 70.9%, selling 45,890 shares, resulting in a remaining ownership of 18,848 shares valued at approximately $4.99 million.
• The Travelers Companies reported an earnings per share (EPS) of $6.51 for the last quarter, exceeding analysts' expectations and showing a 7.4% increase in revenue year-over-year.
• The company has announced a quarterly dividend of $1.10, which will be paid to investors on September 30th, representing an annualized yield of 1.6%.

Capital Fund Management S.A. reduced its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 70.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,848 shares of the insurance provider's stock after selling 45,890 shares during the quarter. Capital Fund Management S.A.'s holdings in Travelers Companies were worth $4,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Travelers Companies by 236.9% during the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock worth $844,854,000 after acquiring an additional 2,466,098 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Travelers Companies by 31,132.9% during 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 during the last quarter. Nuveen LLC bought a new position in shares of Travelers Companies during the first quarter worth $294,755,000. Balyasny Asset Management L.P. boosted its position in shares of Travelers Companies by 153.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock worth $360,694,000 after acquiring an additional 907,266 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Travelers Companies by 25.3% during 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 during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Activity at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 20,286 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 26,932 shares in the company, valued at $7,365,363.36. This represents a 42.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alan D. Schnitzer sold 35,456 shares of the 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 transaction, 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 disclosure for this sale can be found here. Insiders sold 175,374 shares of company stock worth $47,929,912 over the last quarter. Corporate insiders own 1.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. 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. Barclays downgraded shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Wall Street Zen downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, UBS Group upped their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $284.56.

Travelers Companies Trading Up 0.6%

Shares of TRV traded up $1.68 during midday trading on Wednesday, hitting $272.57. The stock had a trading volume of 471,480 shares, compared to its average volume of 1,332,621. The Travelers Companies, Inc. has a 1 year low of $222.21 and a 1 year high of $279.04. The firm has a market cap of $61.36 billion, a PE ratio of 12.05, 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 stock's 50 day moving average is $263.46 and its 200 day moving average is $260.61.

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

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 1.6%. Travelers Companies's dividend 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.