3,626,472 Shares in The Travelers Companies, Inc. $TRV Bought by Legal & General Group Plc

Legal & General Group Plc bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,626,472 shares of the insurance provider’s stock, valued at approximately $799,601,000.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Travelers Companies during the 2nd quarter worth $6,915,909,000. Norges Bank acquired a new stake in shares of Travelers Companies in the fourth quarter valued at about $723,339,000. GQG Partners LLC acquired a new stake in shares of Travelers Companies in the second quarter valued at about $789,024,000. Bank of New York Mellon Corp purchased a new stake in Travelers Companies during the second quarter worth about $469,505,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Travelers Companies during the second quarter worth about $271,418,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the transaction, the executive vice president owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. The trade was a 9.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the sale, the chief financial officer directly owned 27,535 shares in the company, valued at $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 52,667 shares of company stock valued at $19,611,829. Insiders own 1.39% of the company’s stock.

Travelers Companies Stock Up 1.9%

Shares of NYSE TRV opened at $370.65 on Tuesday. The firm’s 50-day moving average is $353.55 and its two-hundred day moving average is $318.93. The company has a market capitalization of $77.31 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $11.26 billion. During the same period in the previous year, the firm posted $6.51 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. Equities analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s payout ratio is 13.39%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Seaport Research Partners set a $322.00 target price on shares of Travelers Companies in a report on Tuesday, May 26th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $356.00 price target (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. Evercore set a $329.00 price objective on Travelers Companies and gave the company an “in-line” rating in a research note on Friday, July 10th. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Finally, TD Cowen downgraded Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price on the stock. in a research report on Monday, July 13th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus price target of $354.26.

About Travelers Companies

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.