Trillium Asset Management LLC Takes Position in The Travelers Companies, Inc. $TRV

Trillium Asset Management LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, HoldingsChannel reports. The fund bought 94,972 shares of the insurance provider’s stock, valued at approximately $31,352,000. Travelers Companies makes up 1.0% of Trillium Asset Management LLC’s portfolio, making the stock its 24th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new stake in Travelers Companies in the 2nd quarter worth about $6,915,909,000. Norges Bank acquired a new stake in Travelers Companies during the 4th quarter worth about $723,339,000. Bank of New York Mellon Corp purchased a new position in Travelers Companies during the 2nd quarter valued at about $469,505,000. Deutsche Bank AG purchased a new position in Travelers Companies during the 2nd quarter valued at about $301,772,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Travelers Companies in the 2nd quarter valued at about $205,539,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,313 shares of the company’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the completion of the sale, the executive vice president directly owned 9,213 shares in the company, valued at $3,393,884.94. This represents a 63.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the sale, the executive vice president directly owned 10,479 shares in the company, valued at approximately $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 62,667 shares of company stock worth $22,688,329. Corporate insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TRV shares. Raymond James Financial set a $430.00 price target on shares of Travelers Companies in a research report on Monday, July 20th. The Goldman Sachs Group lowered shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective on the stock. in a research note on Monday, July 20th. Roth Capital increased their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Wells Fargo & Company lifted their target price on shares of Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of Travelers Companies in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Stock Up 0.7%

Shares of Travelers Companies stock opened at $364.79 on Friday. The stock has a market capitalization of $76.09 billion, a P/E ratio of 9.77, a PEG ratio of 3.44 and a beta of 0.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average price of $351.09 and a two-hundred day moving average price of $317.80. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter last year, the company posted $6.51 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Equities analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.