The Travelers Companies, Inc. $TRV Shares Bought by Shell Asset Management Co.

Shell Asset Management Co. increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 50.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 22,603 shares of the insurance provider’s stock after acquiring an additional 7,568 shares during the period. Shell Asset Management Co.’s holdings in Travelers Companies were worth $6,047,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its holdings in Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in Travelers Companies during the first quarter worth about $26,000. Missouri Trust & Investment Co boosted its stake in Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares during the last quarter. Nova Wealth Management Inc. acquired a new stake in Travelers Companies in the 2nd quarter worth about $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in Travelers Companies in the 1st quarter valued at about $32,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities analysts have weighed in on TRV shares. Barclays downgraded shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. Wells Fargo & Company increased their target price on Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Citigroup started coverage on Travelers Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price target for the company. Finally, Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $284.56.

Travelers Companies Trading Down 0.7%

Shares of TRV opened at $282.70 on Tuesday. The Travelers Companies, Inc. has a 12 month low of $224.62 and a 12 month high of $286.17. The stock’s 50-day moving average is $272.16 and its two-hundred day moving average is $265.71. 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 stock has a market cap of $63.65 billion, a PE ratio of 12.50, a P/E/G ratio of 3.27 and a beta of 0.51.

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

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were paid a $1.10 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio is 19.46%.

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.