The Travelers Companies, Inc. $TRV Shares Sold by Qube Research & Technologies Ltd

by · The Cerbat Gem

Qube Research & Technologies Ltd lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRVFree Report) by 15.7% in the second quarter, HoldingsChannel.com reports. The firm owned 424,421 shares of the insurance provider’s stock after selling 79,180 shares during the period. Qube Research & Technologies Ltd’s holdings in Travelers Companies were worth $113,550,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avalon Trust Co lifted its stake in Travelers Companies by 23.4% during the 2nd quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock worth $2,018,000 after acquiring an additional 1,429 shares in the last quarter. BNP Paribas Financial Markets grew its position in Travelers Companies by 25.4% in the 1st quarter. BNP Paribas Financial Markets now owns 480,633 shares of the insurance provider’s stock valued at $127,108,000 after acquiring an additional 97,247 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its stake in Travelers Companies by 54.1% during the first quarter. Focus Partners Advisor Solutions LLC now owns 8,838 shares of the insurance provider’s stock worth $2,337,000 after purchasing an additional 3,101 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Travelers Companies by 168.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,278 shares of the insurance provider’s stock worth $36,568,000 after purchasing an additional 86,689 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Travelers Companies by 11.3% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 54,430 shares of the insurance provider’s stock worth $14,404,000 after purchasing an additional 5,508 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TRV shares. JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a report on Thursday, October 9th. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a research note on Friday, October 17th. Morgan Stanley increased their price objective on Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $292.73.

View Our Latest Analysis on TRV

Travelers Companies Trading Down 0.3%

Shares of NYSE:TRV opened at $278.29 on Thursday. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $296.85. The company’s 50 day moving average is $279.18 and its two-hundred day moving average is $271.93. The company has a market cap of $62.08 billion, a PE ratio of 10.94, a P/E/G ratio of 2.74 and a beta of 0.53. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRVGet Free Report) last released its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.01 by $2.13. The business had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $5.24 EPS. Equities analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s payout ratio is 17.30%.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total value of $575,000.00. Following the transaction, the insider owned 255,086 shares in the company, valued at approximately $73,337,225. This represents a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 8,572 shares of the stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the transaction, the executive vice president owned 33,638 shares in the company, valued at approximately $9,106,815.74. The trade was a 20.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 46,295 shares of company stock valued at $13,011,918. 1.46% of the stock is owned by insiders.

About Travelers Companies

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRVFree Report).