Y Intercept Hong Kong Ltd Cuts Position in The Travelers Companies, Inc. (NYSE:TRV)

Y Intercept Hong Kong Ltd lessened its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 66.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,354 shares of the insurance provider’s stock after selling 12,801 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Travelers Companies were worth $1,680,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TRV. Cornerstone Planning Group LLC boosted its holdings in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 84 shares during the period. Putney Financial Group LLC purchased a new position in Travelers Companies during the 4th quarter valued at $26,000. Ameriflex Group Inc. purchased a new position in Travelers Companies during the 4th quarter valued at $26,000. Kapitalo Investimentos Ltda purchased a new position in Travelers Companies during the 4th quarter valued at $30,000. Finally, Wood Tarver Financial Group LLC purchased a new position in Travelers Companies during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $264.64 on Thursday. The business has a 50 day simple moving average of $265.89 and a two-hundred day simple moving average of $256.73. The Travelers Companies, Inc. has a 12 month low of $205.94 and a 12 month high of $277.83. The stock has a market capitalization of $59.58 billion, a P/E ratio of 11.70, a PEG ratio of 3.24 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.51 EPS. As a group, analysts predict 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 Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.66%. Travelers Companies’s dividend payout ratio (DPR) is 19.46%.

Insider Activity at Travelers Companies

In related news, insider Avrohom J. Kess sold 23,434 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the transaction, the insider owned 48,387 shares of the company’s stock, valued at approximately $13,254,650.91. This represents a 32.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 20,286 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.48, for a total value of $5,547,815.28. Following the transaction, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,365,363.36. The trade was a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,374 shares of company stock valued at $47,929,912 over the last 90 days. Corporate insiders own 1.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TRV shares. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Barclays lowered Travelers Companies from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $280.00 to $274.00 in a research report on Monday, July 7th. Jefferies Financial Group boosted their price target on Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Wall Street Zen raised Travelers Companies from a “hold” rating to a “buy” rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. boosted their price target on Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $275.56.

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.