Cullen Capital Management LLC Purchases Shares of 480,235 The Travelers Companies, Inc. $TRV

Cullen Capital Management LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 480,235 shares of the insurance provider’s stock, valued at approximately $158,535,000. Travelers Companies comprises 1.6% of Cullen Capital Management LLC’s investment portfolio, making the stock its 29th largest position. Cullen Capital Management LLC owned about 0.23% of Travelers Companies as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC grew its position in Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after buying an additional 387 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $276,000. WINTON GROUP Ltd acquired a new position in shares of Travelers Companies in the second quarter valued at $382,000. CIBC Asset Management Inc raised its stake in shares of Travelers Companies by 13.9% in the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock valued at $18,336,000 after purchasing an additional 8,383 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in Travelers Companies by 2.0% in the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock worth $28,254,000 after purchasing an additional 2,117 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 6,000 shares of the stock in a transaction 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 sale, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel S. Frey sold 14,037 shares of the company’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 transaction, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. This trade represents a 33.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 52,667 shares of company stock valued at $19,611,829. 1.39% of the stock is currently owned by company insiders.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $370.65 on Tuesday. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The firm’s 50-day moving average price is $353.55 and its two-hundred day moving average price is $318.93. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $77.31 billion, a price-to-earnings ratio of 9.93, a P/E/G ratio of 3.46 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.Travelers Companies’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned $6.51 EPS. On average, equities analysts predict 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. Shareholders 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 dividend on an annualized basis and a yield of 1.3%. Travelers Companies’s payout ratio is currently 13.39%.

Analyst Ratings Changes

TRV has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. UBS Group upped their target price on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. HSBC raised their price target on shares of Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Finally, 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. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $354.26.

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.