Northwestern Mutual Wealth Management Co. purchased a new position in The Travelers Companies, Inc. (NYSE:TRV – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 63,201 shares of the insurance provider’s stock, valued at approximately $13,935,000.
Other institutional investors have also bought and sold shares of the company. Arbejdsmarkedets Tillaegspension bought a new stake in Travelers Companies in the 4th quarter valued at about $24,167,000. Rit Capital Partners PLC bought a new position in Travelers Companies during the fourth quarter worth about $39,450,000. UBS Group AG boosted its position in Travelers Companies by 5.3% during the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after purchasing an additional 89,159 shares during the period. Swiss Life Asset Management Ltd increased its stake in shares of Travelers Companies by 41.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock worth $19,149,000 after purchasing an additional 19,347 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of Travelers Companies in the first quarter worth about $576,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.
Analysts Set New Price Targets
TRV has been the topic of a number of recent research reports. HSBC upped their price target on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research note on Monday, July 6th. UBS Group lifted their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. TD Cowen cut shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price on the stock. in a report on Monday, July 13th. Cantor Fitzgerald increased their target price on Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Finally, Seaport Research Partners set a $322.00 price target on Travelers Companies in a report on Tuesday, May 26th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $354.26.
Insider Transactions at Travelers Companies
In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 68,834 shares in the company, 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 this link. 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 value of $3,076,500.00. Following the transaction, the executive vice president directly owned 45,125 shares in the company, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 62,667 shares of company stock worth $22,688,329. Company insiders own 1.39% of the company’s stock.
Travelers Companies Price Performance
Shares of NYSE:TRV opened at $363.83 on Friday. The company’s fifty day moving average price is $352.28 and its 200-day moving average price is $318.12. The firm has a market capitalization of $75.88 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. 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 – Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $6.51 EPS. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued 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 is Thursday, September 10th. Travelers Companies’s dividend payout ratio is presently 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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