Varma Mutual Pension Insurance Co Invests $17.15 Million in The Travelers Companies, Inc. $TRV

Key Points

• Varma Mutual Pension Insurance Co. purchased 51,947 Travelers shares worth approximately $17.15 million during the second quarter. Institutional investors collectively own 82.45% of TRV.
• Travelers reported quarterly EPS of $10.04, far exceeding the $5.41 consensus estimate, while revenue reached $12.15 billion. Analysts maintain a consensus “Hold” rating with a $354.26 price target.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.4% yield. Insiders sold 62,667 shares valued at approximately $22.69 million over the last quarter.

Varma Mutual Pension Insurance Co purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 51,947 shares of the insurance provider's stock, valued at approximately $17,149,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Travelers Companies in the second quarter valued at approximately $6,915,909,000. Norges Bank bought a new stake in shares of Travelers Companies during the fourth quarter worth $723,339,000. Bank of New York Mellon Corp acquired a new position in shares of Travelers Companies during the second quarter worth $469,505,000. Deutsche Bank AG acquired a new position in shares of Travelers Companies during the second quarter worth $301,772,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Travelers Companies in the 2nd quarter valued at $205,539,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TRV. Cantor Fitzgerald raised their price objective on Travelers Companies from $335.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday, July 9th. The Goldman Sachs Group cut Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 target price for the company. in a report on Monday, July 20th. TD Cowen downgraded Travelers Companies from a "hold" rating to a "sell" rating and set a $297.00 target price for the company. in a research report on Monday, July 13th. Wells Fargo & Company lifted their price target on Travelers Companies from $295.00 to $334.00 and gave the company an "equal weight" rating in a research note on Thursday, July 9th. Finally, Evercore set a $329.00 price target on Travelers Companies and gave the stock an "in-line" rating in a report on Friday, July 10th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and a consensus price target of $354.26.

Travelers Companies Stock Performance

NYSE:TRV opened at $363.83 on Friday. 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 fifty-two week low of $252.26 and a fifty-two week high of $398.70. The company has a 50 day simple moving average of $352.28 and a two-hundred day simple moving average of $318.12. The company has a market capitalization of $75.88 billion, a PE ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the previous year, the company earned $6.51 EPS. The company's revenue for the quarter was up .3% on a year-over-year basis. Research analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies's payout ratio is presently 13.39%.

Insiders Place Their Bets

In other Travelers Companies news, EVP David Donnay Rowland sold 5,000 shares of the company's stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the sale, the executive vice president owned 10,479 shares of the company's stock, valued at approximately $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the sale, the chief financial officer owned 27,535 shares of the company's stock, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,667 shares of company stock valued at $22,688,329 over the last quarter. Company insiders own 1.39% of the company's stock.

Travelers Companies Profile

The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.

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