Northwestern Mutual Wealth Management Co. lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,235 shares of the insurance provider’s stock after acquiring an additional 1,217 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in The Travelers Companies were worth $3,066,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TRV. BlackRock Inc. raised its position in shares of The Travelers Companies by 2,395.6% in the 1st quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock worth $2,459,383,000 after acquiring an additional 19,585,476 shares in the last quarter. FMR LLC raised its position in shares of The Travelers Companies by 42.1% in the 1st quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock worth $795,148,000 after acquiring an additional 1,954,573 shares in the last quarter. American Century Companies Inc. raised its position in shares of The Travelers Companies by 2,264.8% in the 2nd quarter. American Century Companies Inc. now owns 901,739 shares of the insurance provider’s stock worth $114,097,000 after acquiring an additional 863,607 shares in the last quarter. Vanguard Group Inc. raised its position in shares of The Travelers Companies by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 21,551,932 shares of the insurance provider’s stock worth $2,597,871,000 after acquiring an additional 633,510 shares in the last quarter. Finally, Hermes Investment Management Ltd. bought a new position in shares of The Travelers Companies in the 2nd quarter worth approximately $58,950,000. 77.48% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Northwestern Mutual Wealth Management Co. Increases Stake in The Travelers Companies, Inc. (TRV)” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2017/09/25/northwestern-mutual-wealth-management-co-increases-stake-in-the-travelers-companies-inc-trv.html.

In other news, Vice Chairman Jay S. Benet sold 5,518 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $126.98, for a total transaction of $700,675.64. Following the sale, the insider now directly owns 82,824 shares of the company’s stock, valued at $10,516,991.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 24,000 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the sale, the insider now directly owns 253,744 shares in the company, valued at $32,134,140.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 139,359 shares of company stock worth $17,835,792. Insiders own 0.82% of the company’s stock.

Several analysts recently weighed in on TRV shares. MKM Partners restated a “neutral” rating and issued a $130.00 price target (up previously from $115.00) on shares of The Travelers Companies in a research note on Wednesday, July 26th. Credit Suisse Group cut their price target on The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 12th. Wells Fargo & Company restated a “hold” rating and issued a $125.00 price target on shares of The Travelers Companies in a research note on Tuesday, September 12th. Zacks Investment Research downgraded The Travelers Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, September 5th. Finally, Citigroup Inc. restated a “buy” rating and issued a $148.00 price target (down previously from $150.00) on shares of The Travelers Companies in a research note on Monday, July 24th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $126.18.

Shares of The Travelers Companies, Inc. (TRV) opened at 122.04 on Monday. The firm’s 50-day moving average price is $124.75 and its 200 day moving average price is $123.78. The stock has a market capitalization of $33.68 billion, a P/E ratio of 12.15 and a beta of 1.21. The Travelers Companies, Inc. has a 52 week low of $103.45 and a 52 week high of $130.37.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.15). The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 earnings per share. Analysts expect that The Travelers Companies, Inc. will post $7.67 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s payout ratio is presently 28.77%.

The Travelers Companies announced that its Board of Directors has authorized a share repurchase plan on Monday, September 11th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

The Travelers Companies Company Profile

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV).

Institutional Ownership by Quarter for The Travelers Companies (NYSE:TRV)

Receive News & Stock Ratings for The Travelers Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Travelers Companies Inc. and related stocks with our FREE daily email newsletter.