Groupe la Francaise Sells 9,322 Shares of The Travelers Companies, Inc. $TRV

Groupe la Francaise trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 35.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 16,830 shares of the insurance provider’s stock after selling 9,322 shares during the period. Groupe la Francaise’s holdings in Travelers Companies were worth $5,556,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TRV. California State Teachers Retirement System grew its stake in Travelers Companies by 32,139.3% in the second quarter. California State Teachers Retirement System now owns 110,690,887 shares of the insurance provider’s stock worth $36,541,276,000 after purchasing an additional 110,347,546 shares during the period. BlackRock Inc. purchased a new position in Travelers Companies during the second quarter valued at $6,915,909,000. Bank of America Corp DE purchased a new position in Travelers Companies during the second quarter valued at $932,142,000. Norges Bank bought a new stake in shares of Travelers Companies during the 4th quarter valued at $723,339,000. Finally, GQG Partners LLC bought a new stake in shares of Travelers Companies during the 2nd quarter valued at $789,024,000. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In related news, EVP Mojgan Lefebvre sold 16,313 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total value of $6,009,382.94. Following the transaction, the executive vice president directly owned 9,213 shares of the company’s stock, valued at approximately $3,393,884.94. This represents a 63.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 6,000 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $369.86, for a total value of $2,219,160.00. Following the sale, the executive vice president owned 118,742 shares in the company, valued at approximately $43,917,916.12. This represents a 4.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,667 shares of company stock worth $21,830,989 over the last 90 days. 1.39% of the stock is currently owned by company insiders.

Travelers Companies Stock Performance

Shares of TRV stock opened at $369.01 on Tuesday. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The company’s 50-day moving average is $364.21 and its 200 day moving average is $323.98. The company has a market capitalization of $76.96 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 2.48 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

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

Travelers Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TRV shares. Citigroup reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. UBS Group boosted their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Zacks Research upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Piper Sandler raised their target price on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Finally, Cantor Fitzgerald lifted their target price on shares of Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Profile

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.