Groupama Asset Managment Invests $762,000 in The Travelers Companies, Inc. $TRV

Groupama Asset Managment acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,614 shares of the insurance provider’s stock, valued at approximately $762,000.

A number of other large investors also recently bought and sold shares of TRV. Spinnaker Trust increased its position in shares of Travelers Companies by 1.7% during the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after acquiring an additional 33 shares during the last quarter. Cim LLC boosted its position in shares of Travelers Companies by 0.4% during the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock worth $2,363,000 after purchasing an additional 34 shares during the period. Avalon Trust Co increased its holdings in Travelers Companies by 0.4% in the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock valued at $2,562,000 after purchasing an additional 35 shares during the last quarter. Haverford Trust Co raised its position in Travelers Companies by 0.7% in the fourth quarter. Haverford Trust Co now owns 5,210 shares of the insurance provider’s stock valued at $1,511,000 after purchasing an additional 35 shares during the period. Finally, Sumitomo Life Insurance Co. raised its position in Travelers Companies by 0.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 5,236 shares of the insurance provider’s stock valued at $1,519,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.1%

Travelers Companies stock opened at $374.88 on Monday. The firm has a market capitalization of $78.19 billion, a P/E ratio of 10.04, a P/E/G ratio of 3.60 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The stock’s fifty day simple moving average is $329.97 and its 200-day simple moving average is $308.21.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping 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 firm had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same period in the previous year, the firm posted $6.51 EPS. Travelers Companies’s revenue for the quarter was up .3% on a year-over-year basis. As a group, equities analysts expect that The Travelers Companies, Inc. will post 33.47 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Travelers Companies’s payout ratio is currently 13.39%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TRV shares. UBS Group raised their price target on Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. HSBC increased their target price on Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $356.00 target price (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. Roth Capital lifted their target price on Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Four 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $354.26.

Insider Buying and Selling at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,313 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total value of $6,009,382.94. Following the completion of the transaction, the executive vice president owned 9,213 shares in the company, valued at $3,393,884.94. The trade was a 63.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 10,479 shares of the company’s stock, valued at $3,894,939.51. This trade represents a 32.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is currently owned by company insiders.

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.