Sumitomo Mitsui DS Asset Management Company Ltd Grows Stock Position in The Travelers Companies, Inc. $TRV

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 6.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 274,777 shares of the insurance provider’s stock after acquiring an additional 15,691 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Travelers Companies were worth $73,514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bearing Point Capital LLC raised its holdings in shares of Travelers Companies by 2.0% during the 1st quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider’s stock valued at $522,000 after buying an additional 38 shares during the period. Forum Financial Management LP raised its stake in shares of Travelers Companies by 0.9% during the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider’s stock valued at $1,171,000 after purchasing an additional 39 shares during the period. Y.D. More Investments Ltd lifted its position in shares of Travelers Companies by 13.9% during the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock worth $84,000 after purchasing an additional 39 shares in the last quarter. Park National Corp OH boosted its stake in shares of Travelers Companies by 1.6% in the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock valued at $690,000 after purchasing an additional 40 shares during the period. Finally, Smith Salley Wealth Management grew its holdings in Travelers Companies by 0.6% during the 1st quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider’s stock valued at $1,936,000 after purchasing an additional 44 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

TRV has been the subject of a number of analyst reports. Barclays cut shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $280.00 to $274.00 in a research report on Monday, July 7th. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Citigroup assumed coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price target for the company. UBS Group increased their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Finally, Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $284.56.

Travelers Companies Stock Up 1.1%

TRV stock opened at $275.01 on Thursday. The firm’s 50-day moving average is $267.20 and its two-hundred day moving average is $263.80. The company has a market capitalization of $61.91 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 3.12 and a beta of 0.53. The Travelers Companies, Inc. has a 52 week low of $224.62 and a 52 week high of $280.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

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

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies’s payout ratio is presently 19.46%.

Insider Activity

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the company’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the sale, the executive vice president directly owned 18,416 shares of the company’s stock, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

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.