Sequoia Financial Advisors LLC boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 12.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,397 shares of the insurance provider’s stock after purchasing an additional 3,782 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Travelers Companies were worth $11,025,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Arbejdsmarkedets Tillaegspension purchased a new position in Travelers Companies in the fourth quarter valued at $24,167,000. Rit Capital Partners PLC purchased a new stake in Travelers Companies during the 4th quarter worth about $39,450,000. UBS Group AG boosted its position in shares of Travelers Companies by 5.3% during the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after acquiring an additional 89,159 shares in the last quarter. Swiss Life Asset Management Ltd increased its holdings in shares of Travelers Companies by 41.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock valued at $19,149,000 after acquiring an additional 19,347 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of Travelers Companies in the 1st quarter valued at about $576,000. Institutional investors and hedge funds own 82.45% of the company’s stock.
Insider Activity at Travelers Companies
In related news, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the completion of the sale, the executive vice president directly owned 10,479 shares of the company’s stock, valued at $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane Kurtzman sold 4,164 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the sale, the executive vice president directly owned 5,298 shares of the company’s stock, valued at approximately $2,048,789.58. This represents a 44.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 62,667 shares of company stock worth $22,688,329 in the last ninety days. Company insiders own 1.39% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Research Report on Travelers Companies
Travelers Companies Trading Up 0.0%
Shares of Travelers Companies stock opened at $370.32 on Friday. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $77.24 billion, a P/E ratio of 9.92, a PEG ratio of 3.52 and a beta of 0.45. The company’s fifty day moving average is $344.64 and its two-hundred day moving average is $314.87.
Travelers Companies (NYSE:TRV – Get Free Report) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same period in the prior year, the company earned $6.51 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.
Travelers Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies’s dividend payout ratio is currently 13.39%.
About Travelers Companies
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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