2,390,090 Shares in The Travelers Companies, Inc. $TRV Purchased by GQG Partners LLC

GQG Partners LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, Holdings Channel reports. The firm acquired 2,390,090 shares of the insurance provider’s stock, valued at approximately $789,024,000. Travelers Companies makes up 1.5% of GQG Partners LLC’s holdings, making the stock its 22nd biggest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRV. Vanguard Group Inc. raised its position in shares of Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock worth $6,413,207,000 after acquiring an additional 110,311 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Travelers Companies during the second quarter valued at approximately $6,915,909,000. State Street Corp grew its stake in Travelers Companies by 3.1% in the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after purchasing an additional 486,861 shares during the period. Morgan Stanley raised its holdings in Travelers Companies by 2.3% in the fourth quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock worth $1,100,416,000 after purchasing an additional 85,298 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in 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 worth $1,016,433,000 after purchasing an additional 123,564 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the sale, the executive vice president owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the transaction, the executive vice president owned 68,834 shares of the company’s stock, valued at $26,638,758. This represents a 9.41% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 62,667 shares of company stock worth $22,688,329. Insiders own 1.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. The Goldman Sachs Group lowered shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target for the company. in a research note on Monday, July 20th. Bank of America upped their price objective on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a report on Monday, July 20th. Mizuho raised their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Cantor Fitzgerald lifted their target price on shares of Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Finally, Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Stock Down 0.2%

NYSE:TRV opened at $363.83 on Friday. 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 firm has a market cap of $75.88 billion, a P/E ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The firm has a 50-day simple moving average of $352.28 and a two-hundred day simple moving average of $318.12.

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, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the prior year, the firm posted $6.51 earnings per share. The business’s revenue was up .3% on a year-over-year basis. Analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a $1.25 dividend. 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 13.39%.

Travelers Companies 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.