Royal London Asset Management Ltd. Lowers Stock Holdings in The Travelers Companies, Inc. $TRV

Royal London Asset Management Ltd. lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 147,227 shares of the insurance provider’s stock after selling 2,178 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Travelers Companies were worth $48,603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Travelers Companies in the 2nd quarter worth $4,447,000. Arbejdsmarkedets Tillaegspension purchased a new stake in Travelers Companies during the fourth quarter valued at about $24,167,000. Biondo Investment Advisors LLC purchased a new stake in Travelers Companies during the second quarter valued at about $13,649,000. Evolve Private Wealth LLC bought a new position in shares of Travelers Companies during the second quarter valued at about $987,000. Finally, Rit Capital Partners PLC bought a new position in shares of Travelers Companies during the fourth quarter valued at about $39,450,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Travelers Companies

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the transaction, the executive vice president directly owned 68,834 shares of the company’s stock, valued at $26,638,758. This trade represents a 9.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the sale, the executive vice president directly owned 10,479 shares in the company, valued at $3,894,939.51. The trade was a 32.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 52,667 shares of company stock worth $19,611,829. 1.39% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Evercore set a $329.00 price target on Travelers Companies and gave the stock an “in-line” rating in a research report on Friday, July 10th. TD Cowen cut Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target on the stock. in a research note on Monday, July 13th. Mizuho boosted their price objective on Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, Wells Fargo & Company increased their price objective on Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Four 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Stock Performance

Travelers Companies stock opened at $369.85 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The stock’s 50 day simple moving average is $358.56 and its two-hundred day simple moving average is $320.77. 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 stock has a market cap of $77.14 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 3.52 and a beta of 0.45.

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

Travelers Companies Dividend Announcement

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

Travelers Companies Profile

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.