US Bancorp DE raised its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 779,045 shares of the insurance provider’s stock after acquiring an additional 31,177 shares during the quarter. US Bancorp DE owned approximately 0.30% of Travelers Companies worth $116,483,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Travelers Companies by 7.3% in the 1st quarter. BlackRock Inc. now owns 22,604,259 shares of the insurance provider’s stock valued at $3,100,401,000 after purchasing an additional 1,528,327 shares during the period. FMR LLC boosted its position in shares of Travelers Companies by 9.4% in the 1st quarter. FMR LLC now owns 10,500,482 shares of the insurance provider’s stock valued at $1,440,247,000 after purchasing an additional 904,028 shares during the period. Northern Trust Corp boosted its position in shares of Travelers Companies by 1.4% in the 2nd quarter. Northern Trust Corp now owns 3,618,718 shares of the insurance provider’s stock valued at $541,070,000 after purchasing an additional 51,281 shares during the period. Geode Capital Management LLC boosted its position in shares of Travelers Companies by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 3,226,157 shares of the insurance provider’s stock valued at $385,607,000 after purchasing an additional 203,345 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Travelers Companies by 4.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,599,903 shares of the insurance provider’s stock valued at $388,738,000 after purchasing an additional 105,288 shares during the period. 81.41% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on TRV. Morgan Stanley decreased their target price on Travelers Companies from $140.00 to $136.00 and set an “underweight” rating for the company in a research report on Thursday, August 15th. Buckingham Research downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price objective for the company. in a research note on Friday, July 19th. UBS Group upped their price objective on Travelers Companies from $146.00 to $152.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. ValuEngine downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Keefe, Bruyette & Woods downgraded Travelers Companies from an “outperform” rating to a “market perform” rating and set a $153.00 price objective for the company. in a research note on Wednesday, June 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $148.78.

In other news, Vice Chairman William H. Heyman sold 5,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $150.75, for a total transaction of $753,750.00. Following the completion of the transaction, the insider now directly owns 244,745 shares of the company’s stock, valued at approximately $36,895,308.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Vice Chairman Jay S. Benet sold 21,972 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $146.59, for a total value of $3,220,875.48. Following the transaction, the insider now directly owns 94,588 shares of the company’s stock, valued at $13,865,654.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,566 shares of company stock valued at $8,347,056. Company insiders own 0.73% of the company’s stock.

Shares of TRV stock traded down $1.92 during trading hours on Friday, reaching $146.38. 80,650 shares of the company’s stock were exchanged, compared to its average volume of 1,129,556. The company has a market cap of $38.16 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 1.39 and a beta of 0.93. The company’s 50 day moving average is $147.69 and its two-hundred day moving average is $144.11. Travelers Companies Inc has a 1 year low of $111.08 and a 1 year high of $155.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.38 and a quick ratio of 0.38.

Travelers Companies (NYSE:TRV) last issued its earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.30). The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $7.03 billion. Travelers Companies had a return on equity of 10.73% and a net margin of 8.65%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company posted $1.81 earnings per share. As a group, analysts predict that Travelers Companies Inc will post 10.6 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Monday, September 9th. Travelers Companies’s dividend payout ratio (DPR) is 36.69%.

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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