The Travelers Companies, Inc. $TRV Shares Sold by Railway Pension Investments Ltd

Railway Pension Investments Ltd lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 23.3% in the second quarter, Holdings Channel reports. The fund owned 13,800 shares of the insurance provider’s stock after selling 4,200 shares during the quarter. Railway Pension Investments Ltd’s holdings in Travelers Companies were worth $4,556,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Travelers Companies during the 2nd quarter valued at $4,447,000. Arbejdsmarkedets Tillaegspension bought a new stake in shares of Travelers Companies in the 4th quarter worth about $24,167,000. Biondo Investment Advisors LLC bought a new position in shares of Travelers Companies during the second quarter worth about $13,649,000. Evolve Private Wealth LLC acquired a new position in Travelers Companies in the second quarter worth about $987,000. Finally, Rit Capital Partners PLC bought a new stake in Travelers Companies in the fourth quarter valued at about $39,450,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Diane Kurtzman sold 4,164 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the completion of the transaction, the executive vice president directly owned 5,298 shares in the company, valued at approximately $2,048,789.58. The trade was a 44.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 6,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares in the company, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,667 shares of company stock worth $21,830,989 over the last 90 days. 1.39% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TRV. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $356.00 target price (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. TD Cowen downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target on the stock. in a research report on Monday, July 13th. Evercore set a $329.00 price target on shares of Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. Finally, Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a research note on Tuesday, May 26th. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $354.26.

Travelers Companies Stock Performance

Shares of TRV stock opened at $366.31 on Tuesday. The firm has a market cap of $76.40 billion, a P/E ratio of 9.81, a PEG ratio of 3.52 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The stock’s 50-day moving average is $359.66 and its two-hundred day moving average is $321.44.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same period in the previous year, the company earned $6.51 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s payout ratio is 13.39%.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.