The Travelers Companies, Inc. $TRV Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2,601.9% in the first quarter, HoldingsChannel.com reports. The firm owned 46,715 shares of the insurance provider’s stock after acquiring an additional 44,986 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Travelers Companies were worth $13,626,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 387 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Travelers Companies in the 4th quarter valued at approximately $276,000. WINTON GROUP Ltd purchased a new position in Travelers Companies in the 2nd quarter valued at approximately $382,000. CIBC Asset Management Inc raised its holdings in Travelers Companies by 13.9% during the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after purchasing an additional 8,383 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in Travelers Companies by 2.0% during the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock worth $28,254,000 after purchasing an additional 2,117 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the topic of several research reports. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and upped their target price for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Bank of America decreased their price objective on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Brean Capital started coverage on shares of Travelers Companies in a research note on Thursday, March 12th. They issued a “neutral” rating on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Finally, Wells Fargo & Company raised their target price on shares of Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $309.07.

Travelers Companies Stock Up 2.1%

TRV opened at $341.65 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm has a market cap of $72.65 billion, a P/E ratio of 10.17, a PEG ratio of 3.02 and a beta of 0.46. The Travelers Companies, Inc. has a 52 week low of $249.19 and a 52 week high of $342.31. The business’s fifty day simple moving average is $305.97 and its 200 day simple moving average is $297.78.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating the consensus estimate of $6.80 by $0.91. The firm had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.91 EPS. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 28 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio is presently 14.88%.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total transaction of $483,666.48. Following the completion of the transaction, the insider owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Diane Kurtzman sold 2,867 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $303.45, for a total value of $869,991.15. Following the completion of the transaction, the executive vice president directly owned 5,298 shares in the company, valued at $1,607,678.10. This trade represents a 35.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 37,573 shares of company stock valued at $11,504,146. Corporate insiders own 1.39% of the company’s stock.

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.