Junto Capital Management LP Sells 23,576 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Junto Capital Management LP reduced its stake in The Travelers Companies by 9.9%, owning approximately 213,973 shares valued at $56.59 million after selling 23,576 shares during the first quarter.
• Travelers Companies recently reported a quarterly earnings per share of $6.51, exceeding analyst expectations by $2.99, and a revenue of $11.54 billion, up 7.4% year-over-year.
• The company announced a dividend of $1.10 per share, with an ex-dividend date of September 10th, representing an annualized yield of 1.6% on a payout ratio of 19.46%.

Junto Capital Management LP lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 9.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,973 shares of the insurance provider's stock after selling 23,576 shares during the quarter. Travelers Companies makes up approximately 1.2% of Junto Capital Management LP's holdings, making the stock its 24th biggest holding. Junto Capital Management LP owned approximately 0.09% of Travelers Companies worth $56,587,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. Cornerstone Planning Group LLC increased its holdings in shares of Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after buying an additional 84 shares in the last quarter. Putney Financial Group LLC bought a new stake in Travelers Companies during the 4th quarter worth approximately $26,000. Ameriflex Group Inc. acquired a new stake in Travelers Companies during the 4th quarter valued at $26,000. Greykasell Wealth Strategies Inc. acquired a new stake in Travelers Companies during the 1st quarter valued at $26,000. Finally, Kapitalo Investimentos Ltda bought a new position in Travelers Companies in the 4th quarter valued at $30,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley set a $269.00 target price on Travelers Companies and gave the stock an "equal weight" rating in a report on Monday, May 19th. 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 report on Friday, July 18th. Barclays downgraded shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. Cantor Fitzgerald upgraded shares of Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, UBS Group increased 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 assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Travelers Companies has a consensus rating of "Hold" and a consensus target price of $284.56.

Insider Activity

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction that occurred on 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 in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Travelers Companies Stock Up 0.6%

Shares of TRV traded up $1.55 on Tuesday, hitting $273.06. The company's stock had a trading volume of 1,408,910 shares, compared to its average volume of 1,328,403. The firm's fifty day moving average price is $263.93 and its 200-day moving average price is $261.59. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a fifty-two week low of $224.62 and a fifty-two week high of $279.04. The firm has a market capitalization of $61.47 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 3.12 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter in the prior year, the company posted $2.51 earnings per share. The firm's revenue was up 7.4% on a year-over-year basis. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 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.