Travelers Companies Inc (TRV) Stake Lessened by Forsta AP Fonden

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Forsta AP Fonden cut its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 2.8% during the second quarter, HoldingsChannel reports. The firm owned 38,099 shares of the insurance provider’s stock after selling 1,100 shares during the period. Forsta AP Fonden’s holdings in Travelers Companies were worth $4,661,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Squar Milner Financial Services LLC acquired a new position in shares of Travelers Companies during the second quarter worth $100,000. Landaas & Co. WI ADV acquired a new position in shares of Travelers Companies during the second quarter worth $108,000. Acadian Asset Management LLC acquired a new position in shares of Travelers Companies during the second quarter worth $112,000. Institutional & Family Asset Management LLC acquired a new position in shares of Travelers Companies during the first quarter worth $133,000. Finally, American National Bank acquired a new position in shares of Travelers Companies during the second quarter worth $117,000. 79.01% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the company. ValuEngine raised Travelers Companies from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. Wells Fargo & Co reissued a “hold” rating and issued a $142.00 target price on shares of Travelers Companies in a research report on Thursday, July 19th. MKM Partners cut their target price on Travelers Companies to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 24th. TheStreet downgraded Travelers Companies from a “b” rating to a “c+” rating in a research report on Thursday, July 19th. Finally, B. Riley upped their target price on Travelers Companies from $118.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $137.93.

Shares of TRV opened at $130.01 on Friday. The stock has a market cap of $33.97 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 1.00 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 0.38. Travelers Companies Inc has a fifty-two week low of $119.48 and a fifty-two week high of $150.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, July 19th. The insurance provider reported $1.81 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.62). The company had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.35 billion. Travelers Companies had a return on equity of 8.84% and a net margin of 6.89%. analysts expect that Travelers Companies Inc will post 9.95 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Monday, September 10th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Friday, September 7th. Travelers Companies’s dividend payout ratio is currently 42.31%.

In other Travelers Companies news, Vice Chairman Jay S. Benet sold 8,876 shares of the stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the sale, the insider now directly owns 94,176 shares of the company’s stock, valued at approximately $12,431,232. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andy F. Bessette sold 8,892 shares of the stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $130.78, for a total value of $1,162,895.76. Following the sale, the executive vice president now directly owns 10,551 shares in the company, valued at $1,379,859.78. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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