Mn Services Vermogensbeheer B.V. Sells 2,600 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Mn Services Vermogensbeheer B.V. lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,747 shares of the insurance provider’s stock after selling 2,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Travelers Companies were worth $18,249,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in Travelers Companies by 19,918.1% in the 4th quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock valued at $90,641,000 after purchasing an additional 473,453 shares during the period. RWA Wealth Partners LLC bought a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $335,000. GAMMA Investing LLC acquired a new stake in Travelers Companies during the fourth quarter worth approximately $307,000. Atria Wealth Solutions Inc. grew its position in Travelers Companies by 235.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 17,886 shares of the insurance provider’s stock worth $3,407,000 after buying an additional 12,548 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in Travelers Companies by 7.2% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,165 shares of the insurance provider’s stock worth $793,000 after acquiring an additional 279 shares during the period. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Bank of America upped their target price on Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research report on Monday, July 22nd. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. 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. Piper Sandler decreased their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Finally, Citigroup upped their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average price target of $223.78.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Trading Up 1.8 %

Travelers Companies stock traded up $3.96 during trading hours on Friday, hitting $221.82. The stock had a trading volume of 1,142,811 shares, compared to its average volume of 1,347,290. The business’s 50 day simple moving average is $210.85 and its 200-day simple moving average is $215.49. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The stock has a market cap of $50.56 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.12 and a beta of 0.61. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same quarter last year, the business earned $0.06 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.23 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.89%. Travelers Companies’s dividend payout ratio is 31.20%.

Travelers Companies Company 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.