Voya Investment Management LLC Trims Stake in The Travelers Companies, Inc. $TRV

Voya Investment Management LLC decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 25.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 47,303 shares of the insurance provider’s stock after selling 15,954 shares during the period. Voya Investment Management LLC’s holdings in Travelers Companies were worth $12,510,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRV. Vanguard Group Inc. grew its stake in shares of Travelers Companies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider’s stock worth $5,747,656,000 after buying an additional 115,808 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Travelers Companies by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider’s stock worth $899,988,000 after buying an additional 25,573 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Travelers Companies by 12.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,620 shares of the insurance provider’s stock worth $653,443,000 after buying an additional 291,506 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Travelers Companies by 31,132.9% in the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider’s stock worth $582,733,000 after buying an additional 2,196,426 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock worth $511,631,000 after buying an additional 390,104 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

TRV has been the topic of several recent research reports. Barclays downgraded Travelers Companies from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. UBS Group upped their price objective on Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Finally, Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $284.56.

Travelers Companies Trading Down 1.5%

Shares of TRV stock opened at $272.07 on Wednesday. The Travelers Companies, Inc. has a 52-week low of $224.62 and a 52-week high of $280.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $61.25 billion, a PE ratio of 12.03, a PEG ratio of 3.17 and a beta of 0.53. The stock has a fifty day simple moving average of $266.80 and a two-hundred day simple moving average of $263.73.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the prior year, the business posted $2.51 EPS. Travelers Companies’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.46%.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the transaction, the executive vice president owned 18,416 shares of the company’s stock, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.46% 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.