The Travelers Companies, Inc. $TRV Shares Purchased by Norinchukin Bank The

Norinchukin Bank The lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 8.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,502 shares of the insurance provider’s stock after purchasing an additional 1,713 shares during the period. Norinchukin Bank The’s holdings in Travelers Companies were worth $5,686,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TRV. Bearing Point Capital LLC lifted its holdings 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 worth $522,000 after purchasing an additional 38 shares during the period. Forum Financial Management LP lifted its holdings in Travelers Companies by 0.9% in the 1st quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider’s stock valued at $1,171,000 after acquiring an additional 39 shares during the last quarter. Y.D. More Investments Ltd lifted its holdings in Travelers Companies by 13.9% in the 1st quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock valued at $84,000 after acquiring an additional 39 shares during the last quarter. Smith Salley Wealth Management lifted its holdings in Travelers Companies by 0.6% in the 1st quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider’s stock valued at $1,936,000 after acquiring an additional 44 shares during the last quarter. Finally, Northern Financial Advisors Inc lifted its holdings in Travelers Companies by 0.7% in the 1st quarter. Northern Financial Advisors Inc now owns 6,576 shares of the insurance provider’s stock valued at $1,739,000 after acquiring an additional 45 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Travelers Companies

In other news, EVP Maria Olivo sold 36,199 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following the completion of the sale, the executive vice president directly owned 118,116 shares of the company’s stock, valued at approximately $32,387,407.20. This represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeffrey P. Klenk sold 15,180 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $272.87, for a total value of $4,142,166.60. Following the completion of the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at $1,657,685.25. This represents a 71.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 175,374 shares of company stock valued at $47,929,912. 1.46% of the stock is owned by company insiders.

Travelers Companies Trading Up 0.2%

Shares of TRV stock opened at $274.9280 on Friday. The Travelers Companies, Inc. has a 12 month low of $216.18 and a 12 month high of $277.83. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $262.92 and its two-hundred day moving average is $259.94. The company has a market cap of $61.90 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 3.15 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last announced its quarterly 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. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter last year, the company posted $2.51 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on TRV shares. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the company an “equal weight” rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods upped their target price on Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Citigroup began coverage on Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price objective on the stock. Finally, Wells Fargo & Company increased their price objective on Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $284.56.

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.