South Dakota Investment Council trimmed its stake in Travelers Companies Inc (NYSE:TRV) by 16.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,706 shares of the insurance provider’s stock after selling 3,794 shares during the period. South Dakota Investment Council’s holdings in Travelers Companies were worth $2,797,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advantage Investment Management LLC acquired a new position in Travelers Companies during the second quarter valued at approximately $25,000. Next Capital Management LLC bought a new position in shares of Travelers Companies during the second quarter valued at $25,000. Krane Funds Advisors LLC purchased a new position in Travelers Companies in the second quarter worth about $25,000. Interactive Financial Advisors purchased a new position in Travelers Companies in the 1st quarter worth approximately $27,000. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Travelers Companies in the first quarter worth $27,000. 81.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TRV traded down $0.78 during mid-day trading on Wednesday, hitting $145.79. 667,770 shares of the stock were exchanged, compared to its average volume of 1,103,747. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.38. The company has a market cap of $38.02 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.41 and a beta of 0.93. Travelers Companies Inc has a 52-week low of $111.08 and a 52-week high of $155.09. The firm has a 50-day moving average of $147.70 and a two-hundred day moving average of $144.04.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Tuesday, July 23rd. The insurance provider reported $2.02 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.30). Travelers Companies had a return on equity of 10.73% and a net margin of 8.65%. The firm had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $7.03 billion. During the same period in the previous year, the firm earned $1.81 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts predict that Travelers Companies Inc will post 10.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.28 annualized dividend and a dividend yield of 2.25%. Travelers Companies’s payout ratio is 36.69%.

In other Travelers Companies news, Vice Chairman William H. Heyman sold 7,500 shares of Travelers Companies stock in a transaction on Friday, July 26th. The shares were sold at an average price of $149.50, for a total transaction of $1,121,250.00. Following the completion of the transaction, the insider now directly owns 242,245 shares of the company’s stock, valued at $36,215,627.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 5,000 shares of Travelers Companies stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $150.75, for a total transaction of $753,750.00. Following the sale, the insider now directly owns 244,745 shares of the company’s stock, valued at approximately $36,895,308.75. The disclosure for this sale can be found here. Insiders have sold 56,566 shares of company stock worth $8,347,056 over the last 90 days. Corporate insiders own 0.73% of the company’s stock.

Several research analysts have issued reports on TRV shares. Morgan Stanley dropped their target price on Travelers Companies from $140.00 to $136.00 and set an “underweight” rating on the stock in a research report on Thursday, August 15th. Barclays set a $177.00 price target on Travelers Companies and gave the company a “buy” rating in a report on Monday, August 12th. Royal Bank of Canada upped their target price on shares of Travelers Companies to $160.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th. Buckingham Research lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 target price for the company. in a research report on Friday, July 19th. Finally, Deutsche Bank cut shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 target price for the company. in a research note on Thursday, June 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $148.78.

Travelers Companies Profile

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.

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

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