Invesco Ltd. Sells 82,677 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Invesco Ltd. trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,353,080 shares of the insurance provider’s stock after selling 82,677 shares during the quarter. Invesco Ltd. owned 0.60% of Travelers Companies worth $357,836,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. grew its holdings in Travelers Companies by 890.9% during the 1st quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock worth $1,205,000 after acquiring an additional 4,098 shares during the last quarter. Pandora Wealth Inc. acquired a new position in shares of Travelers Companies in the 1st quarter worth approximately $53,000. Covestor Ltd lifted its position in shares of Travelers Companies by 37.3% in the 1st quarter. Covestor Ltd now owns 548 shares of the insurance provider’s stock worth $145,000 after purchasing an additional 149 shares during the period. Frank Rimerman Advisors LLC lifted its position in shares of Travelers Companies by 13.3% in the 1st quarter. Frank Rimerman Advisors LLC now owns 3,368 shares of the insurance provider’s stock worth $891,000 after purchasing an additional 395 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Travelers Companies by 51.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 107,059 shares of the insurance provider’s stock worth $28,313,000 after purchasing an additional 36,593 shares during the period. 82.45% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Daniel S. Frey sold 20,286 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total value of $5,547,815.28. Following the completion of the sale, the chief financial officer owned 26,932 shares in the company, valued at $7,365,363.36. This represents a 42.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Alan D. Schnitzer sold 35,456 shares of the company’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the completion of the sale, the chief executive officer owned 262,329 shares of the company’s stock, valued at approximately $71,820,433.62. The trade was a 11.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,374 shares of company stock valued at $47,929,912. 1.46% of the stock is currently owned by insiders.

Travelers Companies Stock Performance

TRV opened at $264.31 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The company’s fifty day moving average price is $262.92 and its two-hundred day moving average price is $258.95. The Travelers Companies, Inc. has a 1-year low of $208.63 and a 1-year high of $277.83. The company has a market cap of $59.50 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 3.07 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping the consensus estimate of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the prior year, the company posted $2.51 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.7%. Travelers Companies’s dividend payout ratio is presently 19.46%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Citigroup restated a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 21st. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Wall Street Zen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Finally, Barclays downgraded shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $280.00 to $274.00 in a research report on Monday, July 7th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $282.69.

About Travelers Companies

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.