Czech National Bank Boosts Stock Position in The Travelers Companies, Inc. $TRV

Czech National Bank boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 6.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,381 shares of the insurance provider’s stock after buying an additional 3,306 shares during the quarter. Czech National Bank’s holdings in Travelers Companies were worth $14,817,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Bearing Point Capital LLC boosted its stake in Travelers Companies by 2.0% in the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider’s stock valued at $522,000 after acquiring an additional 38 shares in the last quarter. Forum Financial Management LP boosted its stake in shares of Travelers Companies by 0.9% during the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider’s stock worth $1,171,000 after buying an additional 39 shares during the period. Y.D. More Investments Ltd boosted its stake in shares of Travelers Companies by 13.9% during the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock worth $84,000 after buying an additional 39 shares during the period. Park National Corp OH boosted its stake in shares of Travelers Companies by 1.6% during the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock worth $690,000 after buying an additional 40 shares during the period. Finally, Smith Salley Wealth Management boosted its stake in shares of Travelers Companies by 0.6% during the first quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider’s stock worth $1,936,000 after buying an additional 44 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Down 1.5%

Shares of TRV opened at $272.07 on Wednesday. The firm has a market cap of $61.25 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 3.17 and a beta of 0.53. The company’s fifty day moving average is $266.80 and its two-hundred day moving average is $263.73. The Travelers Companies, Inc. has a fifty-two week low of $224.62 and a fifty-two week high of $280.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share 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 analyst estimates of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.51 EPS. Analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies’s payout ratio is 19.46%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TRV. Citigroup began coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price for the company. UBS Group increased their target price on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Barclays cut 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 report on Monday, July 7th. Finally, Wall Street Zen cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $284.56.

Insider Activity

In other news, 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 value of $4,668,222.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’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 of the company’s stock, valued at $4,900,865.92. The trade was a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

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.