The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by MGO One Seven LLC

MGO One Seven LLC lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,300 shares of the insurance provider’s stock after selling 527 shares during the quarter. MGO One Seven LLC’s holdings in Travelers Companies were worth $1,078,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. increased 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 valued at $4,132,313,000 after purchasing an additional 148,012 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Travelers Companies by 36.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after acquiring an additional 3,158,979 shares during the last quarter. Norges Bank purchased a new position in shares of Travelers Companies during the 4th quarter worth $282,593,000. Boston Partners boosted its position in shares of Travelers Companies by 16.4% during the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after acquiring an additional 196,011 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Travelers Companies by 1.0% in the fourth quarter. Hsbc Holdings PLC now owns 999,480 shares of the insurance provider’s stock valued at $190,189,000 after purchasing an additional 9,518 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of several recent analyst reports. Bank of America boosted their target price on shares of Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a report on Monday, July 22nd. Barclays started coverage on Travelers Companies in a research note on Wednesday, September 4th. They set an “overweight” rating and a $286.00 target price for the company. JPMorgan Chase & Co. upped their price target on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Morgan Stanley cut their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Finally, Citigroup upped their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $227.05.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was 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 directly owns 22,798 shares in the company, valued at $4,820,409.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

TRV stock opened at $237.83 on Friday. The business’s 50-day moving average is $218.12 and its two-hundred day moving average is $216.88. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $54.21 billion, a P/E ratio of 17.67, a P/E/G ratio of 1.20 and a beta of 0.62. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $242.89.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. During the same quarter in the previous year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts anticipate that The Travelers Companies, Inc. will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.77%. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

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.