The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Veracity Capital LLC

Veracity Capital LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 19.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,745 shares of the insurance provider’s stock after selling 411 shares during the period. Veracity Capital LLC’s holdings in Travelers Companies were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Travelers Companies by 36.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after purchasing an additional 3,158,979 shares in the last quarter. Norges Bank purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $282,593,000. International Assets Investment Management LLC increased its position in shares of Travelers Companies by 19,918.1% in the fourth quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock valued at $90,641,000 after buying an additional 473,453 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in Travelers Companies in the 1st quarter worth $88,190,000. Finally, Boston Partners raised its position in Travelers Companies by 42.5% during the fourth quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after acquiring an additional 355,489 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TRV shares. JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 price objective on shares of Travelers Companies in a research note on Monday, July 22nd. TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and decreased their target price for the company from $252.00 to $230.00 in a research report on Monday, July 15th. Bank of America lifted their price target on Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research note on Monday, July 22nd. Finally, William Blair reissued a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $223.78.

Travelers Companies Trading Down 0.0 %

Shares of TRV stock traded down $0.10 during trading on Wednesday, hitting $216.92. 761,315 shares of the stock traded hands, compared to its average volume of 1,352,106. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The firm has a market capitalization of $49.44 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 1.12 and a beta of 0.61. The firm’s fifty day moving average price is $210.12 and its 200-day moving average price is $215.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The business had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.23 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is presently 31.20%.

Travelers Companies Profile

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.