Mn Services Vermogensbeheer B.V. Decreases Stock Position in Travelers Companies Inc (NYSE:TRV)

Mn Services Vermogensbeheer B.V. lowered its stake in Travelers Companies Inc (NYSE:TRV) by 9.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 135,054 shares of the insurance provider’s stock after selling 13,600 shares during the quarter. Mn Services Vermogensbeheer B.V. owned about 0.05% of Travelers Companies worth $20,193,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Interactive Financial Advisors purchased a new stake in shares of Travelers Companies during the 1st quarter valued at about $27,000. Princeton Global Asset Management LLC purchased a new stake in shares of Travelers Companies during the 1st quarter valued at about $27,000. Buffington Mohr McNeal purchased a new stake in shares of Travelers Companies during the 1st quarter valued at about $28,000. McIlrath & Eck LLC raised its position in shares of Travelers Companies by 92.4% during the 1st quarter. McIlrath & Eck LLC now owns 227 shares of the insurance provider’s stock valued at $31,000 after buying an additional 109 shares in the last quarter. Finally, Farmers National Bank purchased a new stake in shares of Travelers Companies during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 80.58% of the company’s stock.

Shares of NYSE:TRV opened at $146.92 on Monday. The company has a market cap of $38.26 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94. Travelers Companies Inc has a 12 month low of $111.08 and a 12 month high of $155.09. The firm’s 50-day moving average price is $151.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.38 and a quick ratio of 0.38.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.30). The firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $7.03 billion. Travelers Companies had a net margin of 8.65% and a return on equity of 10.73%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.81 earnings per share. As a group, analysts predict that Travelers Companies Inc will post 10.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.82 per share. The ex-dividend date is Monday, September 9th. This represents a $3.28 annualized dividend and a yield of 2.23%. Travelers Companies’s payout ratio is 36.69%.

TRV has been the topic of several recent research reports. Morgan Stanley decreased their target price on shares of Travelers Companies from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 24th. UBS Group upped their target price on shares of Travelers Companies from $146.00 to $152.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Royal Bank of Canada upped their target price on shares of Travelers Companies to $160.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. Deutsche Bank cut shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 target price on the stock. in a research report on Thursday, June 27th. Finally, ValuEngine cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $147.65.

In other Travelers Companies news, Vice Chairman William H. Heyman sold 12,500 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $145.50, for a total value of $1,818,750.00. Following the transaction, the insider now directly owns 244,745 shares in the company, valued at approximately $35,610,397.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 25,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $143.02, for a total transaction of $3,575,500.00. Following the completion of the transaction, the executive vice president now owns 38,219 shares in the company, valued at $5,466,081.38. The disclosure for this sale can be found here. Insiders have sold a total of 60,000 shares of company stock worth $8,746,750 over the last quarter. 0.73% of the stock is currently owned by insiders.

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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