The Travelers Cos. (TRV) Shares Bought by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. increased its position in The Travelers Cos. (NYSE:TRV) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 812,015 shares of the company’s stock after buying an additional 2,267 shares during the period. The Travelers Cos. comprises 0.7% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 23rd largest position. Robeco Institutional Asset Management B.V. owned 0.28% of The Travelers Cos. worth $96,664,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in The Travelers Cos. during the fourth quarter worth approximately $54,470,000. Pacad Investment Ltd. acquired a new stake in shares of The Travelers Cos. during the first quarter worth about $551,000. Dubuque Bank & Trust Co. boosted its stake in shares of The Travelers Cos. by 1.6% in the first quarter. Dubuque Bank & Trust Co. now owns 38,278 shares of the company’s stock worth $4,467,000 after buying an additional 595 shares during the last quarter. Ngam Advisors L.P. boosted its stake in shares of The Travelers Cos. by 34.8% in the first quarter. Ngam Advisors L.P. now owns 208,135 shares of the company’s stock worth $24,290,000 after buying an additional 53,715 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in shares of The Travelers Cos. by 40.3% in the first quarter. Rehmann Capital Advisory Group now owns 2,511 shares of the company’s stock worth $293,000 after buying an additional 721 shares during the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.
The Travelers Cos. (NYSE:TRV) traded up 0.60% on Friday, hitting $114.55. The stock had a trading volume of 1,361,208 shares. The company has a 50-day moving average price of $116.49 and a 200-day moving average price of $115.16. The stock has a market capitalization of $33.02 billion, a price-to-earnings ratio of 11.03 and a beta of 1.07. The Travelers Cos. has a 1-year low of $100.48 and a 1-year high of $119.32.
The Travelers Cos. (NYSE:TRV) last issued its earnings results on Thursday, July 21st. The company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.19 by $0.05. The Travelers Cos. had a return on equity of 13.06% and a net margin of 11.70%. The business earned $6.79 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter last year, the company earned $2.52 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. Equities analysts predict that The Travelers Cos. will post $9.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were paid a $0.67 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $2.68 annualized dividend and a yield of 2.34%. The Travelers Cos.’s dividend payout ratio is currently 25.92%.
A number of brokerages have recently issued reports on TRV. Zacks Investment Research raised shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. BMO Capital Markets reissued a “market perform” rating and issued a $120.00 target price (up previously from $117.00) on shares of The Travelers Cos. in a research report on Tuesday, July 12th. RBC Capital Markets reissued an “outperform” rating and issued a $125.00 target price (up previously from $120.00) on shares of The Travelers Cos. in a research report on Sunday, July 24th. Credit Suisse Group AG reissued a “hold” rating and issued a $111.00 target price on shares of The Travelers Cos. in a research report on Tuesday, August 23rd. Finally, Royal Bank Of Canada boosted their target price on shares of The Travelers Cos. from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $116.75.
In other news, Vice Chairman Jay S. Benet sold 5,797 shares of The Travelers Cos. stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $116.21, for a total transaction of $673,669.37. Following the completion of the sale, the insider now owns 71,352 shares in the company, valued at approximately $8,291,815.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Brian W. Maclean sold 38,507 shares of The Travelers Cos. stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $116.85, for a total value of $4,499,542.95. Following the sale, the chief operating officer now owns 145,001 shares of the company’s stock, valued at approximately $16,943,366.85. The disclosure for this sale can be found here. 1.34% of the stock is owned by company insiders.
About The Travelers Cos.
The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.
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