Sun Life Financial INC Cuts Stake in Travelers Companies Inc (NYSE:TRV)

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Sun Life Financial INC decreased its holdings in Travelers Companies Inc (NYSE:TRV) by 52.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 213 shares of the insurance provider’s stock after selling 234 shares during the period. Sun Life Financial INC’s holdings in Travelers Companies were worth $32,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TRV. Comerica Securities Inc. boosted its holdings in shares of Travelers Companies by 22.5% in the 4th quarter. Comerica Securities Inc. now owns 10,568 shares of the insurance provider’s stock worth $1,266,000 after acquiring an additional 1,944 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Travelers Companies by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 3,226,157 shares of the insurance provider’s stock worth $385,607,000 after acquiring an additional 203,345 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Travelers Companies in the 1st quarter worth approximately $1,068,000. SG Americas Securities LLC boosted its holdings in shares of Travelers Companies by 653.2% in the 1st quarter. SG Americas Securities LLC now owns 22,015 shares of the insurance provider’s stock worth $3,020,000 after acquiring an additional 19,092 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Travelers Companies by 0.9% in the 1st quarter. Janus Henderson Group PLC now owns 971,411 shares of the insurance provider’s stock worth $133,239,000 after acquiring an additional 8,292 shares in the last quarter. 81.19% of the stock is owned by institutional investors.

TRV has been the topic of several recent analyst reports. UBS Group boosted their target price on Travelers Companies from $146.00 to $152.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Barclays set a $177.00 target price on Travelers Companies and gave the stock a “buy” rating in a report on Monday, August 12th. Buckingham Research downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 target price on the stock. in a report on Friday, July 19th. Royal Bank of Canada boosted their target price on Travelers Companies to $160.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley reduced their target price on Travelers Companies from $140.00 to $136.00 and set an “underweight” rating on the stock in a report on Thursday, August 15th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Travelers Companies presently has a consensus rating of “Hold” and an average price target of $148.78.

In other Travelers Companies news, Vice Chairman William H. Heyman sold 5,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $150.75, for a total transaction of $753,750.00. Following the completion of the sale, the insider now owns 244,745 shares in the company, valued at approximately $36,895,308.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 7,500 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $149.50, for a total transaction of $1,121,250.00. Following the sale, the insider now owns 242,245 shares of the company’s stock, valued at approximately $36,215,627.50. The disclosure for this sale can be found here. Insiders have sold a total of 56,566 shares of company stock valued at $8,347,056 in the last quarter. Corporate insiders own 0.73% of the company’s stock.

TRV stock traded up $0.02 during trading on Friday, hitting $146.96. The company had a trading volume of 978,002 shares, compared to its average volume of 1,249,196. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $148.36 and a 200-day moving average price of $142.88. Travelers Companies Inc has a 12 month low of $111.08 and a 12 month high of $155.09. The stock has a market cap of $38.26 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 1.39 and a beta of 0.94.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share for the quarter, missing the consensus estimate of $2.32 by ($0.30). Travelers Companies had a return on equity of 10.73% and a net margin of 8.65%. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter last year, the firm earned $1.81 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts expect that Travelers Companies Inc will post 10.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Monday, September 9th. Travelers Companies’s dividend payout ratio (DPR) is presently 36.69%.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

Featured Article: SEC Filing

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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