The Travelers Companies, Inc. $TRV Stake Boosted by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 511.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,333 shares of the insurance provider’s stock after buying an additional 2,788 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Travelers Companies were worth $1,100,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TRV. LifeSteps Financial Inc. purchased a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $26,000. Kilter Group LLC acquired a new stake in Travelers Companies during the 2nd quarter valued at $26,000. HHM Wealth Advisors LLC lifted its holdings in shares of Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Travelers Companies in the fourth quarter valued at $26,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Travelers Companies in the first quarter worth $26,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $369.01 on Friday. 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 one year low of $252.26 and a one year high of $398.70. The business’s 50-day moving average price is $363.46 and its two-hundred day moving average price is $323.28. The company has a market capitalization of $76.97 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 2.51 and a beta of 0.44.

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

Travelers Companies Dividend Announcement

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

Insider Activity at Travelers Companies

In other news, EVP Daniel Yin sold 7,153 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president owned 68,834 shares in the company, valued at approximately $26,638,758. This trade represents a 9.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Klein sold 6,000 shares of Travelers Companies stock in a transaction 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 sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 58,667 shares of company stock worth $21,830,989 over the last quarter. 1.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TRV. Cantor Fitzgerald upped their price target on Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. UBS Group increased their price target on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, Zacks Research upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $354.26.

About Travelers Companies

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.