Travelers Companies Inc (TRV) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lowered its position in shares of Travelers Companies Inc (NYSE:TRV) by 14.1% during the first quarter, HoldingsChannel.com reports. The fund owned 8,847 shares of the insurance provider’s stock after selling 1,452 shares during the quarter. Penserra Capital Management LLC’s holdings in Travelers Companies were worth $1,271,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc raised its holdings in shares of Travelers Companies by 0.3% during the third quarter. Vanguard Group Inc now owns 22,074,825 shares of the insurance provider’s stock valued at $2,863,326,000 after acquiring an additional 65,931 shares during the period. BlackRock Inc. raised its holdings in shares of Travelers Companies by 0.9% during the fourth quarter. BlackRock Inc. now owns 21,075,932 shares of the insurance provider’s stock valued at $2,523,843,000 after acquiring an additional 190,871 shares during the period. Bank of America Corp DE raised its holdings in shares of Travelers Companies by 4.5% during the fourth quarter. Bank of America Corp DE now owns 3,717,965 shares of the insurance provider’s stock valued at $445,226,000 after acquiring an additional 159,502 shares during the period. Northern Trust Corp raised its holdings in shares of Travelers Companies by 1.7% during the fourth quarter. Northern Trust Corp now owns 3,566,973 shares of the insurance provider’s stock valued at $427,144,000 after acquiring an additional 60,000 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Travelers Companies by 11,730.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 3,495,996 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Travelers Companies stock opened at $146.94 on Friday. The company has a market capitalization of $38.62 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 1.34 and a beta of 1.08. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29. Travelers Companies Inc has a twelve month low of $111.08 and a twelve month high of $148.85.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, April 18th. The insurance provider reported $2.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.76 by $0.07. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.94 billion. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.46 EPS. Equities research analysts forecast that Travelers Companies Inc will post 11.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Friday, June 7th. This is a positive change from Travelers Companies’s previous quarterly dividend of $0.77. Travelers Companies’s dividend payout ratio is currently 34.45%.

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Travelers Companies from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $151.00 price target on the stock in a report on Tuesday, March 26th. UBS Group upped their price objective on shares of Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Royal Bank of Canada reiterated a “neutral” rating and issued a $145.00 price objective on shares of Travelers Companies in a research note on Thursday, April 18th. Finally, Morgan Stanley upped their price objective on shares of Travelers Companies from $119.00 to $130.00 and gave the company an “underweight” rating in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $141.42.

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $133.55, for a total value of $467,425.00. Following the completion of the sale, the insider now directly owns 243,245 shares of the company’s stock, valued at $32,485,369.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alan D. Schnitzer sold 66,228 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $132.22, for a total transaction of $8,756,666.16. Following the completion of the sale, the chief executive officer now directly owns 134,252 shares of the company’s stock, valued at $17,750,799.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 286,038 shares of company stock worth $39,834,429. Company insiders own 0.73% of the company’s stock.

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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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