Epoch Investment Partners Inc. Decreases Holdings in The Travelers Companies, Inc. $TRV

Key Points

• Epoch Investment Partners Inc. reduced its stake in The Travelers Companies by 24.3% during the first quarter, now holding approximately 0.05% of the company valued at $32.76 million.
• Insider sales were significant, with EVP Maria Olivo selling 36,199 shares and CFO Daniel S. Frey selling 20,286 shares, leading to drastic decreases in their ownership positions.
• Travelers Companies reported a quarterly EPS of $6.51, exceeding estimates by $2.99, alongside a revenue of $11.54 billion, marking a year-over-year increase of 7.4%.

Epoch Investment Partners Inc. lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 24.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,881 shares of the insurance provider's stock after selling 39,729 shares during the quarter. Epoch Investment Partners Inc. owned about 0.05% of Travelers Companies worth $32,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Apexium Financial LP purchased a new stake in shares of Travelers Companies during the first quarter valued at approximately $222,000. ICONIQ Capital LLC grew its holdings in shares of Travelers Companies by 16.7% during the first quarter. ICONIQ Capital LLC now owns 1,478 shares of the insurance provider's stock valued at $391,000 after buying an additional 212 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in shares of Travelers Companies by 219.3% during the first quarter. Campbell & CO Investment Adviser LLC now owns 24,054 shares of the insurance provider's stock valued at $6,361,000 after buying an additional 16,521 shares during the last quarter. AIMZ Investment Advisors LLC purchased a new stake in shares of Travelers Companies during the first quarter valued at approximately $206,000. Finally, Jump Financial LLC purchased a new stake in shares of Travelers Companies during the first quarter valued at approximately $518,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Insider Activity

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business'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 owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business'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. Insiders own 1.46% of the company's stock.

Travelers Companies Trading Up 0.5%

Travelers Companies stock traded up $1.34 during trading hours on Friday, hitting $271.62. The company had a trading volume of 681,010 shares, compared to its average volume of 1,184,954. The firm has a market cap of $61.15 billion, a P/E ratio of 12.01, a P/E/G ratio of 3.10 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $222.21 and a 1 year high of $279.04. The company has a 50-day moving average price of $263.85 and a two-hundred day moving average price of $261.09.

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

Travelers Companies Announces Dividend

The firm 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 annualized dividend and a dividend yield of 1.6%. Travelers Companies's payout ratio is currently 19.46%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. UBS Group lifted their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Finally, Barclays cut shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. One equities 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $284.56.

About Travelers Companies

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.