Shelter Mutual Insurance Co Buys New Stake in The Travelers Companies, Inc. $TRV

Shelter Mutual Insurance Co purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 41,120 shares of the insurance provider’s stock, valued at approximately $9,067,000. Travelers Companies accounts for approximately 1.9% of Shelter Mutual Insurance Co’s investment portfolio, making the stock its 20th largest position.

Several other large investors have also recently added to or reduced their stakes in TRV. Vanguard Group Inc. lifted its stake in shares of Travelers Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock worth $6,413,207,000 after purchasing an additional 110,311 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Travelers Companies in the second quarter valued at about $6,915,909,000. State Street Corp raised its holdings in shares of Travelers Companies by 3.1% during the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after buying an additional 486,861 shares during the period. Morgan Stanley raised its holdings in shares of Travelers Companies by 2.3% during the 4th quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock valued at $1,100,416,000 after buying an additional 85,298 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Travelers Companies by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock worth $1,016,433,000 after acquiring an additional 123,564 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TRV has been the subject of several recent research reports. The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective for the company. in a research report on Monday, July 20th. UBS Group boosted their target price on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $356.00 target price (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Mizuho raised their price target on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Raymond James Financial set a $430.00 price target on shares of Travelers Companies in a research note on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $354.26.

Travelers Companies Stock Performance

Shares of TRV opened at $363.83 on Friday. The firm has a market cap of $75.88 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 3.46 and a beta of 0.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $352.28 and its two-hundred day moving average is $318.12. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company earned $6.51 earnings per share. Analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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

Insider Buying and Selling

In other news, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the sale, the executive vice president owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 6,000 shares of the company’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the sale, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. This trade represents a 11.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is currently owned by insiders.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.