Oppenheimer Asset Management Inc. Decreases Position in The Travelers Companies, Inc. $TRV

Oppenheimer Asset Management Inc. lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,453 shares of the insurance provider’s stock after selling 912 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Travelers Companies were worth $17,511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TRV. Vanguard Group Inc. increased its position in shares of Travelers Companies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider’s stock valued at $5,747,656,000 after acquiring an additional 115,808 shares during the period. Valeo Financial Advisors LLC increased its position in shares of Travelers Companies by 71,265.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock valued at $967,646,000 after acquiring an additional 3,611,758 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Travelers Companies by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider’s stock valued at $899,988,000 after acquiring an additional 25,573 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after acquiring an additional 390,104 shares during the period. Finally, Bahl & Gaynor Inc. increased its position in shares of Travelers Companies by 41.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after acquiring an additional 490,039 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction dated 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 can be accessed through the SEC website. 1.46% of the stock is owned by company insiders.

Travelers Companies Price Performance

NYSE:TRV opened at $269.98 on Monday. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $287.95. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $60.22 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 2.44 and a beta of 0.51. The stock’s 50-day moving average price is $274.13 and its 200-day moving average price is $267.34.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating 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 firm had revenue of $11.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same period last year, the firm earned $5.24 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is 17.30%.

Analyst Ratings Changes

TRV has been the topic of several research reports. Morgan Stanley upped their target price on Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Finally, Keefe, Bruyette & Woods increased their price target on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus price target of $291.31.

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.