Tokio Marine Asset Management Co. Ltd. lowered its position in The Travelers Cos. (NYSE:TRV) by 35.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,230 shares of the company’s stock after selling 5,077 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in The Travelers Cos. were worth $1,099,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Ledyard National Bank raised its position in The Travelers Cos. by 5.4% in the second quarter. Ledyard National Bank now owns 1,089 shares of the company’s stock worth $130,000 after buying an additional 56 shares in the last quarter. Kanaly Trust Co raised its position in The Travelers Cos. by 1.4% in the second quarter. Kanaly Trust Co now owns 1,426 shares of the company’s stock worth $170,000 after buying an additional 19 shares in the last quarter. Kistler Tiffany Companies LLC raised its position in The Travelers Cos. by 53.8% in the second quarter. Kistler Tiffany Companies LLC now owns 1,543 shares of the company’s stock worth $184,000 after buying an additional 540 shares in the last quarter. Independence Advisors LLC bought a new position in The Travelers Cos. during the second quarter worth about $204,000. Finally, Daiwa SB Investments Ltd. raised its position in The Travelers Cos. by 8.2% in the second quarter. Daiwa SB Investments Ltd. now owns 1,720 shares of the company’s stock worth $201,000 after buying an additional 130 shares in the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of The Travelers Cos. (NYSE:TRV) traded down 0.60% on Tuesday, hitting $112.32. The company had a trading volume of 1,532,680 shares. The company has a 50-day moving average of $116.16 and a 200 day moving average of $115.13. The stock has a market cap of $32.38 billion, a PE ratio of 10.81 and a beta of 1.14. The Travelers Cos. has a 12 month low of $101.23 and a 12 month high of $119.32.
The Travelers Cos. (NYSE:TRV) last announced its quarterly earnings data on Thursday, July 21st. The company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.05. The Travelers Cos. had a net margin of 11.70% and a return on equity of 13.06%. The business earned $6.79 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the prior year, the firm earned $2.52 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts anticipate that The Travelers Cos. will post $9.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Wednesday, September 7th. The Travelers Cos.’s dividend payout ratio is presently 25.92%.
A number of research firms recently issued reports on TRV. RBC Capital Markets reissued an “outperform” rating and set a $125.00 price target (up previously from $120.00) on shares of The Travelers Cos. in a report on Sunday, July 24th. Macquarie reissued an “underperform” rating and set a $92.00 price target on shares of The Travelers Cos. in a report on Wednesday, June 8th. BMO Capital Markets reissued a “market perform” rating and set a $120.00 price target (up previously from $117.00) on shares of The Travelers Cos. in a report on Tuesday, July 12th. Zacks Investment Research lowered The Travelers Cos. from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Finally, Royal Bank Of Canada raised their price objective on shares of The Travelers Cos. from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, July 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $116.75.
In other The Travelers Cos. news, COO Brian W. Maclean sold 38,507 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $116.85, for a total value of $4,499,542.95. Following the completion of the transaction, the chief operating officer now owns 145,001 shares in the company, valued at approximately $16,943,366.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Philip T. Ruegger III bought 1,700 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was purchased at an average price of $117.95 per share, with a total value of $200,515.00. Following the transaction, the director now owns 20,126 shares in the company, valued at approximately $2,373,861.70. The disclosure for this purchase can be found here. Corporate insiders own 1.34% of the company’s stock.
The Travelers Cos. Company Profile
The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.
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