Boston Partners Reduces Position in The Travelers Companies, Inc. $TRV

Boston Partners reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 10.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,080,347 shares of the insurance provider’s stock after selling 130,959 shares during the quarter. Boston Partners owned 0.48% of Travelers Companies worth $289,022,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Travelers Companies in the first quarter worth approximately $26,000. Missouri Trust & Investment Co grew its position in Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares during the last quarter. Quaker Wealth Management LLC increased its stake in Travelers Companies by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 208 shares during the period. Nova Wealth Management Inc. purchased a new stake in Travelers Companies in the second quarter worth $32,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Travelers Companies by 283.9% during the second quarter. Golden State Wealth Management LLC now owns 119 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 88 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of the stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. This represents a 20.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,803 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $289.55, for a total transaction of $522,058.65. Following the completion of the sale, the insider owned 255,086 shares in the company, valued at $73,860,151.30. This represents a 0.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,375 shares of company stock valued at $10,374,006 over the last quarter. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Stock Performance

Shares of TRV stock opened at $293.66 on Wednesday. The firm has a market cap of $65.50 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a 52-week low of $230.23 and a 52-week high of $296.85. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $277.12 and its 200 day moving average is $270.71.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. The company had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.Travelers Companies’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.24 earnings per share. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is presently 17.30%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company restated a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. Citigroup started coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 target price on the stock. Wolfe Research assumed coverage on shares of Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Finally, Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $292.73.

About Travelers Companies

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.