Renaissance Group LLC Sells 182 Shares of The Travelers Companies, Inc. $TRV

Renaissance Group LLC lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 12.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,309 shares of the insurance provider’s stock after selling 182 shares during the period. Renaissance Group LLC’s holdings in Travelers Companies were worth $350,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Avalon Trust Co lifted its stake in shares of Travelers Companies by 23.4% in the 2nd quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock valued at $2,018,000 after purchasing an additional 1,429 shares during the last quarter. PFG Advisors lifted its position in Travelers Companies by 108.8% in the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock worth $1,125,000 after buying an additional 2,217 shares during the last quarter. Atlas Capital Advisors Inc. boosted its stake in Travelers Companies by 890.9% during the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock worth $1,205,000 after buying an additional 4,098 shares during the period. BNP Paribas Financial Markets increased its position in Travelers Companies by 25.4% during the first quarter. BNP Paribas Financial Markets now owns 480,633 shares of the insurance provider’s stock valued at $127,108,000 after acquiring an additional 97,247 shares during the last quarter. Finally, Jefferies Financial Group Inc. raised its stake in shares of Travelers Companies by 702.5% in the first quarter. Jefferies Financial Group Inc. now owns 11,459 shares of the insurance provider’s stock valued at $3,030,000 after acquiring an additional 10,031 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.5%

Shares of NYSE TRV opened at $285.33 on Thursday. The Travelers Companies, Inc. has a 52-week low of $230.23 and a 52-week high of $290.61. The firm has a market capitalization of $63.65 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 2.38 and a beta of 0.55. The stock has a 50 day moving average price of $276.01 and a 200 day moving average price of $270.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share 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 business had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same period in the previous year, the company posted $5.24 EPS. Travelers Companies’s revenue was up 4.8% on a year-over-year basis. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be paid a $1.10 dividend. The ex-dividend date of this dividend 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 is 17.30%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TRV. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. UBS Group increased their price target on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. upped their price objective on Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average target price of $291.94.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total transaction of $575,000.00. Following the transaction, the insider owned 255,086 shares of the company’s stock, valued at approximately $73,337,225. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The SEC filing for this sale provides additional information. Insiders have sold 54,195 shares of company stock valued at $15,042,229 in the last 90 days. Insiders own 1.46% of the company’s stock.

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.