Stansberry Asset Management LLC lessened its stake in Travelers Companies Inc (NYSE:TRV) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,164 shares of the insurance provider’s stock after selling 1,078 shares during the period. Travelers Companies comprises about 1.2% of Stansberry Asset Management LLC’s holdings, making the stock its 22nd largest holding. Stansberry Asset Management LLC’s holdings in Travelers Companies were worth $3,015,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Travelers Companies by 0.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 45,261 shares of the insurance provider’s stock valued at $6,767,000 after acquiring an additional 200 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in Travelers Companies by 1.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,536,731 shares of the insurance provider’s stock valued at $229,772,000 after purchasing an additional 15,243 shares during the period. Douglas Lane & Associates LLC increased its holdings in Travelers Companies by 6.5% during the 2nd quarter. Douglas Lane & Associates LLC now owns 2,080 shares of the insurance provider’s stock valued at $311,000 after purchasing an additional 127 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Travelers Companies by 9.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,452 shares of the insurance provider’s stock valued at $367,000 after purchasing an additional 205 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Travelers Companies by 26.2% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 42,376 shares of the insurance provider’s stock valued at $6,336,000 after purchasing an additional 8,800 shares during the period. 81.39% of the stock is owned by institutional investors.
In other Travelers Companies news, Vice Chairman William H. Heyman sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $150.75, for a total transaction of $753,750.00. Following the transaction, the insider now owns 244,745 shares in the company, valued at approximately $36,895,308.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Jay S. Benet sold 21,972 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $146.59, for a total value of $3,220,875.48. Following the transaction, the insider now owns 94,588 shares in the company, valued at approximately $13,865,654.92. The disclosure for this sale can be found here. Insiders have sold a total of 56,566 shares of company stock worth $8,347,056 in the last quarter. Company insiders own 0.73% of the company’s stock.
Shares of TRV stock traded down $0.25 during midday trading on Monday, reaching $146.06. 56,940 shares of the stock were exchanged, compared to its average volume of 1,131,130. Travelers Companies Inc has a 1 year low of $111.08 and a 1 year high of $155.09. The company’s 50 day moving average is $147.66 and its two-hundred day moving average is $144.19. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.26. The firm has a market cap of $38.13 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.41 and a beta of 0.93.
Travelers Companies (NYSE:TRV) last posted its earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.30). Travelers Companies had a return on equity of 10.73% and a net margin of 8.65%. The firm had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter last year, the company posted $1.81 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, equities analysts expect that Travelers Companies Inc will post 10.6 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.82 per share. The ex-dividend date is Monday, September 9th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.25%. Travelers Companies’s dividend payout ratio (DPR) is 36.69%.
A number of brokerages recently issued reports on TRV. Keefe, Bruyette & Woods downgraded Travelers Companies from an “outperform” rating to a “market perform” rating and set a $153.00 price target on the stock. in a report on Wednesday, June 5th. UBS Group boosted their price target on Travelers Companies from $146.00 to $152.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Royal Bank of Canada boosted their price target on Travelers Companies to $160.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. Buckingham Research downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price target on the stock. in a report on Friday, July 19th. Finally, Morgan Stanley reduced their price target on Travelers Companies from $140.00 to $136.00 and set an “underweight” rating on the stock in a report on Thursday, August 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $148.78.
About Travelers Companies
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.
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