The Travelers Companies, Inc. $TRV Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC trimmed its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 75.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 812 shares of the insurance provider’s stock after selling 2,554 shares during the period. Penserra Capital Management LLC’s holdings in Travelers Companies were worth $216,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TRV. Greykasell Wealth Strategies Inc. purchased a new stake in Travelers Companies during the first quarter valued at about $26,000. Missouri Trust & Investment Co raised its holdings in shares of Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares during the period. Quaker Wealth Management LLC boosted its stake in Travelers Companies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 208 shares during the period. Flaharty Asset Management LLC acquired a new position in Travelers Companies in the 1st quarter worth approximately $32,000. Finally, Nova Wealth Management Inc. purchased a new position in Travelers Companies during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the sale, the executive vice president owned 33,638 shares in the company, valued at approximately $9,106,815.74. The trade was a 20.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 50,392 shares of company stock worth $13,945,170. Company insiders own 1.46% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $286.19 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market cap of $63.84 billion, a PE ratio of 11.25, a PEG ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $288.95. The firm’s 50 day moving average price is $274.91 and its 200 day moving average price is $269.31.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping 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 company had revenue of $11.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter in the previous year, the firm earned $5.24 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. 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 payout ratio is currently 17.30%.

Analyst Ratings Changes

TRV has been the subject of several recent analyst reports. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. UBS Group raised their price objective on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Travelers Companies in a report on Tuesday, October 14th. Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Finally, Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $291.31.

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.