Vise Technologies Inc. acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 31,535 shares of the insurance provider's stock, valued at approximately $6,953,000.
Several other large investors also recently made changes to their positions in the business. Arbejdsmarkedets Tillaegspension acquired a new stake in Travelers Companies in the 4th quarter valued at $24,167,000. Rit Capital Partners PLC acquired a new position in shares of Travelers Companies during the fourth quarter worth about $39,450,000. UBS Group AG boosted its position in shares of Travelers Companies by 5.3% in the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider's stock worth $514,786,000 after buying an additional 89,159 shares during the period. Swiss Life Asset Management Ltd grew its stake in shares of Travelers Companies by 41.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider's stock valued at $19,149,000 after buying an additional 19,347 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Travelers Companies in the first quarter valued at about $576,000. Institutional investors and hedge funds own 82.45% of the company's stock.
Travelers Companies Trading Up 0.7%
Shares of NYSE TRV opened at $364.79 on Friday. 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 stock's 50 day moving average price is $351.09 and its two-hundred day moving average price is $317.80. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The stock has a market capitalization of $76.09 billion, a P/E ratio of 9.77, a PEG ratio of 3.44 and a beta of 0.45.
Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same quarter last year, the firm earned $6.51 EPS. The business's revenue was up .3% on a year-over-year basis. On average, analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.
Travelers Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies's dividend payout ratio (DPR) is 13.39%.
Insider Transactions at Travelers Companies
In other Travelers Companies news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the transaction, the executive vice president owned 68,834 shares of the company's stock, valued at $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the sale, the executive vice president directly owned 45,125 shares in the company, valued at $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,667 shares of company stock valued at $22,688,329 over the last quarter. Insiders own 1.39% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently commented on TRV shares. Weiss Ratings reissued a "buy (a-)" rating on shares of Travelers Companies in a research report on Wednesday, August 5th. TD Cowen downgraded shares of Travelers Companies from a "hold" rating to a "sell" rating and set a $297.00 price objective for the company. in a research report on Monday, July 13th. Zacks Research raised shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Bank of America lifted their price target on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an "underperform" rating in a research note on Monday, July 20th. Finally, Barclays upped their price target on shares of Travelers Companies from $295.00 to $318.00 and gave the company an "underweight" rating in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $354.26.
Read Our Latest Report on Travelers Companies
About Travelers Companies
(
Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Travelers Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Travelers Companies wasn't on the list.
While Travelers Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link to see MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
