Candriam Luxembourg S.C.A. decreased its position in The Travelers Cos. (NYSE:TRV) by 13.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 214,890 shares of the company’s stock after selling 34,003 shares during the period. Candriam Luxembourg S.C.A.’s holdings in The Travelers Cos. were worth $25,582,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. American Economic Planning Group Inc. ADV increased its position in shares of The Travelers Cos. by 8.8% in the first quarter. American Economic Planning Group Inc. ADV now owns 2,510 shares of the company’s stock worth $293,000 after buying an additional 202 shares during the period. Virginia Retirement System bought a new position in shares of The Travelers Cos. during the first quarter worth about $24,142,000. Mn Services Vermogensbeheer B.V. bought a new position in shares of The Travelers Cos. during the first quarter worth about $779,000. Commonwealth Equity Services Inc increased its position in shares of The Travelers Cos. by 6.7% in the first quarter. Commonwealth Equity Services Inc now owns 76,797 shares of the company’s stock worth $8,963,000 after buying an additional 4,823 shares during the period. Finally, River Wealth Advisors LLC increased its position in shares of The Travelers Cos. by 3.8% in the first quarter. River Wealth Advisors LLC now owns 2,717 shares of the company’s stock worth $317,000 after buying an additional 100 shares during the period. Institutional investors own 80.12% of the company’s stock.
Shares of The Travelers Cos. (NYSE:TRV) traded down 1.19% during midday trading on Monday, reaching $113.94. The company’s stock had a trading volume of 1,617,972 shares. The Travelers Cos. has a 52-week low of $97.18 and a 52-week high of $119.32. The stock has a market cap of $32.85 billion, a price-to-earnings ratio of 10.97 and a beta of 1.07. The stock has a 50-day moving average price of $117.06 and a 200-day moving average price of $115.08.
The Travelers Cos. (NYSE:TRV) last issued its earnings results on Thursday, July 21st. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.05. The company earned $6.79 billion during the quarter, compared to analysts’ expectations of $6.37 billion. The Travelers Cos. had a return on equity of 13.06% and a net margin of 11.70%. The Travelers Cos.’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.52 EPS. Equities research analysts anticipate that The Travelers Cos. will post $9.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Wednesday, September 7th. The Travelers Cos.’s dividend payout ratio is presently 25.92%.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded The Travelers Cos. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. BMO Capital Markets restated a “market perform” rating and set a $120.00 price objective (up from $117.00) on shares of The Travelers Cos. in a research report on Tuesday, July 12th. RBC Capital Markets restated an “outperform” rating and set a $125.00 price objective (up from $120.00) on shares of The Travelers Cos. in a research report on Sunday, July 24th. Credit Suisse Group AG reiterated a “hold” rating and issued a $111.00 target price on shares of The Travelers Cos. in a report on Tuesday, August 23rd. Finally, Royal Bank Of Canada lifted their target price on The Travelers Cos. from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The Travelers Cos. presently has a consensus rating of “Hold” and an average price target of $117.45.
In related news, COO Brian W. Maclean sold 38,507 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $116.85, for a total transaction of $4,499,542.95. Following the completion of the sale, the chief operating officer now directly owns 145,001 shares in the company, valued at approximately $16,943,366.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jay S. Benet sold 5,797 shares of the stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $118.28, for a total value of $685,669.16. Following the sale, the chief financial officer now owns 71,352 shares of the company’s stock, valued at $8,439,514.56. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.
The Travelers Cos. Company Profile
The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.
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