Wellington Management Group LLP Raises Stock Holdings in The Travelers Companies, Inc. $TRV

Wellington Management Group LLP boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,038 shares of the insurance provider’s stock after purchasing an additional 1,683 shares during the quarter. Wellington Management Group LLP’s holdings in Travelers Companies were worth $6,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Travelers Companies in the 2nd quarter worth $4,447,000. Arbejdsmarkedets Tillaegspension acquired a new position in Travelers Companies during the 4th quarter valued at about $24,167,000. Rit Capital Partners PLC purchased a new stake in Travelers Companies in the fourth quarter valued at about $39,450,000. Bank of Nova Scotia purchased a new stake in Travelers Companies in the second quarter valued at about $19,949,000. Finally, Haverford Trust Co acquired a new stake in Travelers Companies in the second quarter worth about $1,723,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.5%

Shares of Travelers Companies stock opened at $367.32 on Thursday. The firm has a fifty day moving average price of $365.57 and a 200 day moving average price of $324.93. The stock has a market cap of $76.61 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 2.45 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70.

Travelers Companies (NYSE:TRV) last posted 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. The firm had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.Travelers Companies’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company earned $6.51 earnings per share. Equities research analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.

Insider Buying and Selling

In other news, CFO Daniel Frey sold 14,037 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the sale, the chief financial officer directly owned 27,535 shares in the company, valued at $10,139,488.40. This trade represents a 33.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of Travelers Companies stock in a transaction dated 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 of the company’s stock, valued at approximately $3,393,884.94. This represents a 63.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,667 shares of company stock valued at $21,830,989 in the last ninety days. Company insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Roth Capital upped their price objective on shares of Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. The Goldman Sachs Group cut shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 target price for the company. in a research note on Monday, July 20th. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and upped their price target for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Finally, BMO Capital Markets cut shares of Travelers Companies from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $314.00 to $379.00 in a report on Tuesday, July 21st. Four investment 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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 serves individuals, businesses and public-sector organizations through a range of insurance offerings designed to help customers manage risks related to property, liability, transportation and other exposures.

Travelers’ principal businesses include Business Insurance, Bond & Specialty Insurance, and Personal Insurance. Its products and services include commercial property and casualty coverage, workers’ compensation, general and professional liability insurance, surety and fidelity bonds, cyber insurance, homeowners insurance, automobile insurance and other personal lines products.