Arjuna Capital Sells 2,693 Shares of Travelers Companies Inc (NYSE:TRV)

Arjuna Capital reduced its position in shares of Travelers Companies Inc (NYSE:TRV) by 20.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,418 shares of the insurance provider’s stock after selling 2,693 shares during the quarter. Arjuna Capital’s holdings in Travelers Companies were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in TRV. Oregon Public Employees Retirement Fund raised its holdings in Travelers Companies by 11,730.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 3,495,996 shares during the last quarter. BlackRock Inc. increased its stake in shares of Travelers Companies by 7.3% in the 1st quarter. BlackRock Inc. now owns 22,604,259 shares of the insurance provider’s stock valued at $3,100,401,000 after acquiring an additional 1,528,327 shares during the last quarter. Norges Bank bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $143,417,000. American Century Companies Inc. increased its stake in shares of Travelers Companies by 253.6% in the 4th quarter. American Century Companies Inc. now owns 1,082,948 shares of the insurance provider’s stock valued at $129,683,000 after acquiring an additional 776,679 shares during the last quarter. Finally, FIL Ltd increased its stake in shares of Travelers Companies by 44.8% in the 1st quarter. FIL Ltd now owns 1,450,421 shares of the insurance provider’s stock valued at $198,939,000 after acquiring an additional 448,948 shares during the last quarter. 80.45% of the stock is owned by hedge funds and other institutional investors.

Shares of TRV opened at $150.11 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.38 and a quick ratio of 0.38. Travelers Companies Inc has a 52-week low of $111.08 and a 52-week high of $150.64. The company has a market capitalization of $39.12 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 1.36 and a beta of 0.99.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be given a $0.82 dividend. The ex-dividend date is Friday, June 7th. This is a positive change from Travelers Companies’s previous quarterly dividend of $0.77. This represents a $3.28 annualized dividend and a dividend yield of 2.19%. Travelers Companies’s payout ratio is currently 36.69%.

In related news, EVP Andy F. Bessette sold 16,550 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $142.46, for a total value of $2,357,713.00. Following the completion of the transaction, the executive vice president now directly owns 9,609 shares in the company, valued at approximately $1,368,898.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Douglas K. Russell sold 2,991 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $140.00, for a total value of $418,740.00. Following the completion of the transaction, the senior vice president now owns 19,580 shares of the company’s stock, valued at $2,741,200. The disclosure for this sale can be found here. Insiders sold a total of 211,860 shares of company stock valued at $30,020,402 over the last quarter. 0.73% of the stock is owned by insiders.

TRV has been the subject of a number of recent analyst reports. Zacks Investment Research raised Travelers Companies from a “sell” rating to a “buy” rating and set a $151.00 price target for the company in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods cut Travelers Companies from an “outperform” rating to a “market perform” rating and set a $153.00 price target for the company. in a research note on Wednesday, June 5th. Royal Bank of Canada set a $145.00 price target on Travelers Companies and gave the company a “neutral” rating in a research note on Wednesday, April 24th. MKM Partners upped their price target on Travelers Companies to $140.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Finally, UBS Group upped their price target on Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $142.31.

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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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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