Russell Investments Group Ltd. Sells 42,275 Shares of The Travelers Companies, Inc. $TRV

Russell Investments Group Ltd. lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 7.0% during the second quarter, Holdings Channel.com reports. The fund owned 563,637 shares of the insurance provider’s stock after selling 42,275 shares during the period. Russell Investments Group Ltd.’s holdings in Travelers Companies were worth $150,585,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TRV. Inceptionr LLC bought a new position in Travelers Companies in the second quarter valued at approximately $629,000. J.W. Cole Advisors Inc. grew its stake in shares of Travelers Companies by 94.3% in the second quarter. J.W. Cole Advisors Inc. now owns 11,139 shares of the insurance provider’s stock valued at $2,980,000 after buying an additional 5,405 shares in the last quarter. SlateStone Wealth LLC increased its holdings in Travelers Companies by 4.7% during the second quarter. SlateStone Wealth LLC now owns 5,801 shares of the insurance provider’s stock worth $1,552,000 after buying an additional 259 shares during the last quarter. Associated Banc Corp raised its position in Travelers Companies by 1.4% during the second quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock worth $731,000 after acquiring an additional 39 shares in the last quarter. Finally, Southeast Asset Advisors LLC acquired a new stake in Travelers Companies in the second quarter valued at $455,000. Institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 1,803 shares of Travelers Companies stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $289.55, for a total value of $522,058.65. Following the transaction, the insider directly owned 255,086 shares of the company’s stock, valued at $73,860,151.30. This trade represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Daniel S. Frey sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the transaction, the chief financial officer owned 26,932 shares of the company’s stock, valued at approximately $7,493,829. This represents a 48.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,375 shares of company stock worth $10,374,006 over the last ninety days. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Stock Up 1.0%

Shares of TRV opened at $293.66 on Wednesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $296.85. The firm’s 50 day moving average is $277.12 and its 200-day moving average is $270.71. The stock has a market capitalization of $65.50 billion, a PE ratio of 11.55, a P/E/G ratio of 2.38 and a beta of 0.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. The firm had revenue of $12.47 billion for the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $5.24 EPS. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TRV. Morgan Stanley boosted their price objective on shares of Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Barclays set a $313.00 price objective on Travelers Companies in a research report on Wednesday, October 8th. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.