The Travelers Companies, Inc. $TRV Shares Sold by Capital Fund Management S.A.

Capital Fund Management S.A. cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 70.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,848 shares of the insurance provider’s stock after selling 45,890 shares during the quarter. Capital Fund Management S.A.’s holdings in Travelers Companies were worth $4,985,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TRV. Bank of America Corp DE lifted its holdings in Travelers Companies by 236.9% in the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock valued at $844,854,000 after acquiring an additional 2,466,098 shares during the period. GAMMA Investing LLC lifted its holdings in Travelers Companies by 31,132.9% in the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider’s stock valued at $582,733,000 after acquiring an additional 2,196,426 shares during the period. Nuveen LLC acquired a new position in Travelers Companies in the first quarter valued at approximately $294,755,000. Balyasny Asset Management L.P. lifted its holdings in Travelers Companies by 153.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider’s stock valued at $360,694,000 after acquiring an additional 907,266 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Travelers Companies by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after acquiring an additional 390,104 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Up 0.5%

NYSE TRV opened at $276.3390 on Friday. The business has a fifty day moving average price of $263.18 and a 200 day moving average price of $260.16. The Travelers Companies, Inc. has a one year low of $218.57 and a one year high of $279.04. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $62.21 billion, a P/E ratio of 12.22, a P/E/G ratio of 3.16 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the prior year, the company earned $2.51 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies’s dividend payout ratio is currently 19.46%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Morgan Stanley set a $269.00 target price on Travelers Companies and gave the stock an “equal weight” rating in a research note on Monday, May 19th. UBS Group upped their target price on Travelers Companies from $275.00 to $284.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Finally, Citigroup assumed coverage on Travelers Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $284.56.

Insider Transactions at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 15,180 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $272.87, for a total value of $4,142,166.60. Following the completion of the transaction, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $1,657,685.25. This represents a 71.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Avrohom J. Kess sold 23,434 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total value of $6,419,275.62. Following the completion of the transaction, the insider directly owned 48,387 shares of the company’s stock, valued at approximately $13,254,650.91. This represents a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,374 shares of company stock worth $47,929,912 in the last quarter. 1.46% of the stock is owned by insiders.

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.