Scientech Research LLC Lowers Stock Holdings in The Travelers Companies, Inc. $TRV

Scientech Research LLC decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,214 shares of the insurance provider’s stock after selling 117 shares during the period. Scientech Research LLC’s holdings in Travelers Companies were worth $850,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Travelers Companies by 0.5% during the first quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider’s stock valued at $5,747,656,000 after purchasing an additional 115,808 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Travelers Companies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider’s stock valued at $899,988,000 after purchasing an additional 25,573 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Travelers Companies by 12.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,620 shares of the insurance provider’s stock valued at $653,443,000 after purchasing an additional 291,506 shares in the last quarter. GAMMA Investing LLC raised its position in Travelers Companies by 31,132.9% during the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider’s stock valued at $582,733,000 after purchasing an additional 2,196,426 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Travelers Companies by 25.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after purchasing an additional 390,104 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 1.5%

NYSE TRV opened at $275.37 on Monday. 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 capitalization of $61.99 billion, a PE ratio of 12.18, a PEG ratio of 3.16 and a beta of 0.53. The Travelers Companies, Inc. has a 1 year low of $224.62 and a 1 year high of $280.70. The business’s 50-day moving average is $264.94 and its 200 day moving average is $262.60.

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

Travelers Companies Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on TRV. Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Barclays cut Travelers Companies from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Citigroup began coverage on Travelers Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective on the stock. UBS Group raised their price objective on Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company raised their price objective on Travelers Companies from $264.00 to $275.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $284.56.

Insider Activity

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

Travelers Companies 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.