Zurich Insurance Group Ltd FI Sells 20,486 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Zurich Insurance Group Ltd FI has decreased its holdings in The Travelers Companies, Inc. by 19.7%, selling 20,486 shares to hold 83,513 shares worth $22.09 million as of its latest SEC filing.
• Travelers Companies reported an EPS of $6.51 for the last quarter, well above the consensus estimate of $3.52, with revenues reaching $11.54 billion.
• The company has announced a quarterly dividend of $1.10 per share, translating to an annual yield of 1.6%, with a payout ratio of 19.46%.

Zurich Insurance Group Ltd FI decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 19.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,513 shares of the insurance provider's stock after selling 20,486 shares during the period. Zurich Insurance Group Ltd FI's holdings in Travelers Companies were worth $22,086,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TRV. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 2,196,426 shares during the last quarter. Nuveen LLC bought a new stake in Travelers Companies during the first quarter worth about $294,755,000. Bahl & Gaynor Inc. lifted its stake in Travelers Companies by 41.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock worth $444,101,000 after purchasing an additional 490,039 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in 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 purchasing an additional 390,104 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Travelers Companies by 12.0% during the fourth 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 worth $653,443,000 after purchasing an additional 291,506 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Down 0.2%

NYSE:TRV traded down $0.61 during mid-day trading on Friday, reaching $278.83. 852,100 shares of the company's stock traded hands, compared to its average volume of 1,107,784. The Travelers Companies, Inc. has a 12-month low of $224.62 and a 12-month high of $280.70. The firm has a market capitalization of $62.77 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 3.21 and a beta of 0.53. 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 company has a 50 day moving average price of $266.13 and a 200-day moving average price of $263.38.

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

Travelers Companies Announces Dividend

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 dividend of $1.10 per share. 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 19.46%.

Insider Buying and Selling

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the company'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 transaction, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the company's 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 currently owned by corporate insiders.

Analyst Ratings Changes

TRV has been the subject of several research analyst reports. UBS Group lifted their price target on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Wells Fargo & Company lifted their price target on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Morgan Stanley set a $269.00 target price on Travelers Companies and gave the company an "equal weight" rating in a research note on Monday, May 19th. Finally, Wall Street Zen lowered Travelers Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $284.56.

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.