The Travelers Companies, Inc. $TRV Stake Lessened by Cullinan Associates Inc.

Cullinan Associates Inc. trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 5.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,657 shares of the insurance provider’s stock after selling 1,439 shares during the period. Cullinan Associates Inc.’s holdings in Travelers Companies were worth $7,810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. LifeSteps Financial Inc. bought a new stake in Travelers Companies in the second quarter worth about $26,000. Kilter Group LLC bought a new stake in shares of Travelers Companies during the 2nd quarter worth $26,000. HHM Wealth Advisors LLC grew its holdings in shares of Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 51 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Travelers Companies during the fourth quarter worth $26,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Travelers Companies during the first quarter worth $26,000. 82.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on TRV. Seaport Research Partners set a $322.00 price target on Travelers Companies in a research report on Tuesday, May 26th. Morgan Stanley lifted their price target on Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. UBS Group increased their price objective on Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Roth Capital raised their price objective on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $354.26.

Insiders Place Their Bets

In other news, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the transaction, the chief financial officer owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This trade represents a 33.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the sale, the executive vice president owned 68,834 shares of the company’s stock, valued at $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 52,667 shares of company stock worth $19,611,829 in the last three months. 1.39% of the stock is owned by insiders.

Travelers Companies Stock Up 0.1%

Travelers Companies stock opened at $369.85 on Friday. The company has a market capitalization of $77.14 billion, a P/E ratio of 9.90, a P/E/G ratio of 3.52 and a beta of 0.45. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The firm’s fifty day simple moving average is $358.56 and its 200-day simple moving average is $320.77. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same period last year, the company earned $6.51 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Sell-side analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.