Axa S.A. Decreases Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Axa S.A. decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 15.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,847 shares of the insurance provider’s stock after selling 21,683 shares during the period. Axa S.A. owned 0.05% of Travelers Companies worth $24,980,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Travelers Companies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after buying an additional 148,012 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Travelers Companies by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after buying an additional 3,158,979 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Travelers Companies by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock worth $619,241,000 after buying an additional 165,708 shares during the last quarter. Boston Partners raised its holdings in shares of Travelers Companies by 16.4% in the first quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after buying an additional 196,011 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Travelers Companies by 1.3% in the second quarter. Hsbc Holdings PLC now owns 1,112,547 shares of the insurance provider’s stock worth $226,307,000 after buying an additional 14,764 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.1 %

Shares of NYSE TRV opened at $236.10 on Friday. The company’s 50-day simple moving average is $222.65 and its 200-day simple moving average is $217.94. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $243.48. The firm has a market cap of $54.07 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. 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 announced its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same quarter last year, the business earned $0.06 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts predict that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.78%. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TRV. Deutsche Bank Aktiengesellschaft raised their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Friday, September 20th. William Blair reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Finally, Barclays initiated coverage on shares of Travelers Companies in a report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 target price for the company. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $227.05.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.33% of the company’s stock.

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.