State Street Corp Sells 427,965 Shares of The Travelers Companies, Inc. $TRV

State Street Corp lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,706,016 shares of the insurance provider’s stock after selling 427,965 shares during the period. State Street Corp owned 0.08% of Travelers Companies worth $5,184,870,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TRV. Berman McAleer LLC boosted its position in Travelers Companies by 3.5% in the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock valued at $295,000 after buying an additional 30 shares during the last quarter. Willner & Heller LLC lifted its stake in shares of Travelers Companies by 2.7% during the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock valued at $398,000 after acquiring an additional 32 shares during the period. Spinnaker Trust boosted its holdings in Travelers Companies by 1.7% in the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after acquiring an additional 33 shares during the last quarter. Avalon Trust Co increased its position in Travelers Companies by 0.4% in the first quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock worth $2,562,000 after purchasing an additional 35 shares during the period. Finally, 111 Capital increased its position in Travelers Companies by 3.0% in the fourth quarter. 111 Capital now owns 1,223 shares of the insurance provider’s stock worth $355,000 after purchasing an additional 36 shares during the period. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV traded down $8.28 during mid-day trading on Tuesday, reaching $362.85. The company’s stock had a trading volume of 535,070 shares, compared to its average volume of 1,680,038. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The business has a 50-day simple moving average of $371.22 and a two-hundred day simple moving average of $328.78. The stock has a market cap of $75.68 billion, a P/E ratio of 9.73, a PEG ratio of 2.51 and a beta of 0.44.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter in the prior year, the business earned $6.51 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued 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 payout ratio is presently 13.39%.

Insiders Place Their Bets

In other Travelers Companies news, EVP Mojgan Lefebvre sold 16,313 shares of the stock in a transaction dated Tuesday, July 21st. The shares were 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 $3,393,884.94. This represents a 63.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maria Olivo sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $369.86, for a total transaction of $2,219,160.00. Following the sale, the executive vice president owned 118,742 shares of the company’s stock, valued at $43,917,916.12. This trade represents a 4.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,667 shares of company stock worth $21,830,989 in the last 90 days. Corporate insiders own 1.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TRV. Evercore set a $329.00 target price on shares of Travelers Companies and gave the company an “in-line” rating in a research report on Friday, July 10th. UBS Group raised their price objective on Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Seaport Research Partners set a $322.00 target price on Travelers Companies in a research note on Tuesday, May 26th. Finally, The Goldman Sachs Group downgraded Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 target price on the stock. in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $354.53.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company serves individuals, businesses and public-sector organizations through a range of insurance offerings designed to help customers manage risks related to property, liability, transportation and other exposures.

Travelers’ principal businesses include Business Insurance, Bond & Specialty Insurance, and Personal Insurance. Its products and services include commercial property and casualty coverage, workers’ compensation, general and professional liability insurance, surety and fidelity bonds, cyber insurance, homeowners insurance, automobile insurance and other personal lines products.