Cullen Capital Management LLC Sells 7,310 Shares of The Travelers Companies, Inc. $TRV

Cullen Capital Management LLC decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 520,886 shares of the insurance provider’s stock after selling 7,310 shares during the period. Travelers Companies accounts for about 1.6% of Cullen Capital Management LLC’s investment portfolio, making the stock its 28th largest position. Cullen Capital Management LLC owned about 0.23% of Travelers Companies worth $139,358,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TRV. Associated Banc Corp increased its stake in shares of Travelers Companies by 1.4% in the second quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock worth $731,000 after purchasing an additional 39 shares in the last quarter. Park National Corp OH boosted its holdings in Travelers Companies by 1.6% in the 2nd quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock worth $690,000 after buying an additional 40 shares during the period. ORG Partners LLC increased its stake in Travelers Companies by 5.6% in the 2nd quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock worth $207,000 after buying an additional 41 shares in the last quarter. Park Place Capital Corp raised its holdings in Travelers Companies by 33.1% during the second quarter. Park Place Capital Corp now owns 165 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 41 shares during the period. Finally, Valeo Financial Advisors LLC lifted its position in shares of Travelers Companies by 0.8% in the second quarter. Valeo Financial Advisors LLC now owns 5,109 shares of the insurance provider’s stock valued at $1,367,000 after acquiring an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.8%

Shares of TRV opened at $285.05 on Monday. The company’s fifty day moving average is $279.24 and its 200 day moving average is $272.06. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $296.85. The stock has a market capitalization of $63.58 billion, a PE ratio of 11.21, a P/E/G ratio of 2.80 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same quarter last year, the business earned $5.24 earnings per share. Travelers Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the sale, the chief financial officer directly owned 26,932 shares in the company, valued at $7,493,829. This represents a 48.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value 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 $9,106,815.74. The trade was a 20.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 46,295 shares of company stock valued at $13,011,918. Insiders own 1.46% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the subject of several research analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Travelers Companies in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travelers Companies in a report on Tuesday, October 14th. Barclays set a $313.00 target price on shares of Travelers Companies in a report on Wednesday, October 8th. Morgan Stanley raised their target price on shares of Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $292.73.

Travelers Companies Company 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.