Czech National Bank Buys 1,636 Shares of The Travelers Companies, Inc. $TRV

Czech National Bank raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 60,527 shares of the insurance provider’s stock after acquiring an additional 1,636 shares during the period. Czech National Bank’s holdings in Travelers Companies were worth $19,981,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TRV. Vanguard Group Inc. lifted its position in shares of Travelers Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock valued at $6,413,207,000 after purchasing an additional 110,311 shares in the last quarter. State Street Corp increased its stake in Travelers Companies by 3.1% in the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after buying an additional 486,861 shares during the last quarter. Morgan Stanley boosted its stake in shares of Travelers Companies by 2.3% in the 4th quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock worth $1,100,416,000 after buying an additional 85,298 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Travelers Companies by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock valued at $1,016,433,000 after acquiring an additional 123,564 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $723,339,000. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 6,000 shares of the stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the transaction, the executive vice president owned 45,125 shares in the company, valued at $16,519,811.25. This trade represents a 11.74% 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 Travelers Companies stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the transaction, the executive vice president owned 5,298 shares of the company’s stock, valued at $2,048,789.58. The trade was a 44.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 62,667 shares of company stock valued at $22,688,329. Insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $384.44 on Friday. 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 stock has a fifty day simple moving average of $338.11 and a two-hundred day simple moving average of $311.80. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The firm has a market cap of $80.18 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 3.67 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $11.26 billion. During the same period in the previous year, the company posted $6.51 earnings per share. The business’s revenue was up .3% on a year-over-year basis. Analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TRV. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Travelers Companies in a report on Tuesday, July 21st. BMO Capital Markets lowered Travelers Companies from an “outperform” rating to a “market perform” rating and raised their target price for the company from $314.00 to $379.00 in a research report on Tuesday, July 21st. Seaport Research Partners set a $322.00 target price on Travelers Companies in a research note on Tuesday, May 26th. Cantor Fitzgerald boosted their price target on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, Raymond James Financial set a $430.00 price objective on shares of Travelers Companies in a report on Monday, July 20th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $354.26.

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.