Korea Investment CORP acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 270,075 shares of the insurance provider’s stock, valued at approximately $59,549,000. Korea Investment CORP owned 0.13% of Travelers Companies as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC increased its holdings in Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 51 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Travelers Companies in the first quarter valued at about $26,000. LifeSteps Financial Inc. acquired a new position in shares of Travelers Companies during the second quarter worth about $26,000. Kilter Group LLC acquired a new position in shares of Travelers Companies during the second quarter worth about $26,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Travelers Companies during the fourth quarter worth about $26,000. 82.45% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 62,667 shares of company stock worth $22,688,329. Corporate insiders own 1.39% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on TRV
Travelers Companies Stock Down 0.2%
NYSE:TRV opened at $363.83 on Friday. The firm has a market capitalization of $75.88 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The stock’s 50 day moving average price is $352.28 and its two-hundred day moving average price is $318.12. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.
Travelers Companies (NYSE:TRV – Get Free Report) last released its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS 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 during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the prior year, the firm posted $6.51 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Equities research analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.
Travelers Companies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.
Travelers Companies Company 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.
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