Intech Investment Management LLC Sells 21,513 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Intech Investment Management LLC reduced its holdings in The Travelers Companies by 32.3%, now owning 44,995 shares valued at $11.9 million after selling 21,513 shares.
• Institutional ownership of Travelers Companies stands at 82.45%, with significant recent transactions including Cornerstone Planning Group LLC increasing its stake by 700%.
• The Travelers Companies reported a quarterly EPS of $6.51, significantly exceeding analysts' estimates, alongside a revenue of $11.54 billion, up 7.4% year-over-year.

Intech Investment Management LLC lessened its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 32.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,995 shares of the insurance provider's stock after selling 21,513 shares during the quarter. Intech Investment Management LLC's holdings in Travelers Companies were worth $11,899,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in shares of Travelers Companies by 31,132.9% during the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock worth $582,733,000 after buying an additional 2,196,426 shares during the period. Nuveen LLC bought a new position in Travelers Companies during the 1st quarter valued at about $294,755,000. Bahl & Gaynor Inc. lifted its holdings in Travelers Companies by 41.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock valued at $444,101,000 after purchasing an additional 490,039 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock valued at $511,631,000 after acquiring an additional 390,104 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Travelers Companies by 12.0% in the 4th 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 valued at $653,443,000 after acquiring an additional 291,506 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Barclays lowered shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Wall Street Zen lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group upped 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. Finally, Citigroup assumed coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $284.56.

Travelers Companies Price Performance

Travelers Companies stock traded down $0.61 during trading hours on Friday, reaching $278.83. 852,100 shares of the stock were exchanged, compared to its average volume of 1,107,784. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a twelve month low of $224.62 and a twelve month high of $280.70. The company has a market cap of $62.77 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 3.21 and a beta of 0.53. The stock has a 50 day moving average of $266.13 and a two-hundred day moving average of $263.38.

Travelers Companies (NYSE:TRV - Get Free Report) last released its 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. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period last year, the firm earned $2.51 EPS. The business's quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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

Insider Activity

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction 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 trade represents a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is owned by company insiders.

Travelers Companies Company 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.