41,120 Shares in The Travelers Companies, Inc. $TRV Bought by Shelter Mutual Insurance Co

Shelter Mutual Insurance Co acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, HoldingsChannel reports. The institutional investor acquired 41,120 shares of the insurance provider’s stock, valued at approximately $9,067,000. Travelers Companies accounts for 1.9% of Shelter Mutual Insurance Co’s portfolio, making the stock its 20th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. Arbejdsmarkedets Tillaegspension bought a new stake in Travelers Companies in the fourth quarter valued at $24,167,000. Rit Capital Partners PLC acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $39,450,000. UBS Group AG grew its holdings in Travelers Companies by 5.3% in the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after buying an additional 89,159 shares in the last quarter. Swiss Life Asset Management Ltd grew its holdings in Travelers Companies by 41.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock worth $19,149,000 after buying an additional 19,347 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new stake in Travelers Companies in the 1st quarter valued at approximately $576,000. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on TRV. Weiss Ratings raised Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday. Mizuho increased their price target on Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Citigroup reissued a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. Cantor Fitzgerald upped their price objective on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, HSBC increased their target price on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $354.26.

Travelers Companies Stock Down 0.2%

Shares of TRV stock opened at $363.83 on Friday. 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 $75.88 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The business’s fifty day moving average is $352.28 and its 200-day moving average is $318.12. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70.

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

Travelers Companies Announces Dividend

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

Insiders Place Their Bets

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 68,834 shares in the company, valued at approximately $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 6,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the transaction, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. This trade represents a 11.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 62,667 shares of company stock worth $22,688,329. Company insiders own 1.39% of the company’s stock.

Travelers Companies Company 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.