LSV Asset Management Lowers Position in The Travelers Companies, Inc. $TRV

LSV Asset Management decreased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 32.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,900 shares of the insurance provider’s stock after selling 900 shares during the quarter. LSV Asset Management’s holdings in Travelers Companies were worth $508,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Symphony Financial Ltd. Co. purchased a new position in shares of Travelers Companies in the second quarter valued at about $23,093,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Travelers Companies by 8.3% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 314,235 shares of the insurance provider’s stock worth $84,070,000 after buying an additional 24,180 shares in the last quarter. Generali Investments Management Co LLC boosted its stake in Travelers Companies by 518.4% during the second quarter. Generali Investments Management Co LLC now owns 940 shares of the insurance provider’s stock valued at $251,000 after buying an additional 788 shares during the last quarter. Westpac Banking Corp grew its holdings in Travelers Companies by 26.9% during the 2nd quarter. Westpac Banking Corp now owns 1,131 shares of the insurance provider’s stock valued at $303,000 after buying an additional 240 shares in the last quarter. Finally, Integrated Quantitative Investments LLC bought a new stake in Travelers Companies in the 2nd quarter worth approximately $942,000. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This trade represents a 20.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 1,803 shares of Travelers Companies stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $289.55, for a total transaction of $522,058.65. Following the sale, the insider owned 255,086 shares of the company’s stock, valued at $73,860,151.30. The trade was a 0.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 37,375 shares of company stock worth $10,374,006. 1.46% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research reports. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Morgan Stanley increased their price objective on shares of Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Wells Fargo & Company restated a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $292.73.

Travelers Companies Stock Performance

Travelers Companies stock opened at $290.21 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $64.74 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $292.50. The company’s 50-day moving average is $276.41 and its 200 day moving average is $270.38.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $12.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter in the prior year, the firm posted $5.24 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be paid a $1.10 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is presently 17.30%.

Travelers Companies Company 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.