Travelers Companies Inc (NYSE:TRV) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 4,958,200 shares, a decline of 10.9% from the July 31st total of 5,567,200 shares. Based on an average daily volume of 1,230,000 shares, the days-to-cover ratio is currently 4.0 days. Approximately 1.9% of the company’s stock are short sold.

In other Travelers Companies news, Vice Chairman William H. Heyman sold 5,000 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $150.75, for a total value of $753,750.00. Following the completion of the transaction, the insider now directly owns 244,745 shares in the company, valued at $36,895,308.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jay S. Benet sold 21,972 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $146.59, for a total transaction of $3,220,875.48. Following the completion of the transaction, the insider now owns 94,588 shares of the company’s stock, valued at $13,865,654.92. The disclosure for this sale can be found here. Insiders sold 56,566 shares of company stock valued at $8,347,056 over the last quarter. 0.73% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TRV. Boston Partners boosted its position in Travelers Companies by 133.3% in the second quarter. Boston Partners now owns 4,072,444 shares of the insurance provider’s stock valued at $609,075,000 after buying an additional 2,326,784 shares during the last quarter. BlackRock Inc. boosted its position in Travelers Companies by 7.3% in the first quarter. BlackRock Inc. now owns 22,604,259 shares of the insurance provider’s stock valued at $3,100,401,000 after buying an additional 1,528,327 shares during the last quarter. Nuveen Asset Management LLC boosted its position in Travelers Companies by 757.2% in the second quarter. Nuveen Asset Management LLC now owns 1,624,626 shares of the insurance provider’s stock valued at $242,914,000 after buying an additional 1,435,094 shares during the last quarter. FMR LLC boosted its position in Travelers Companies by 9.4% in the first quarter. FMR LLC now owns 10,500,482 shares of the insurance provider’s stock valued at $1,440,247,000 after buying an additional 904,028 shares during the last quarter. Finally, APG Asset Management N.V. boosted its position in Travelers Companies by 155.0% in the second quarter. APG Asset Management N.V. now owns 1,352,816 shares of the insurance provider’s stock valued at $177,619,000 after buying an additional 822,400 shares during the last quarter. Hedge funds and other institutional investors own 81.41% of the company’s stock.

TRV has been the topic of several recent analyst reports. Keefe, Bruyette & Woods downgraded shares of Travelers Companies from an “outperform” rating to a “market perform” rating and set a $153.00 price objective on the stock. in a report on Wednesday, June 5th. ValuEngine downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays set a $177.00 price objective on shares of Travelers Companies and gave the company a “buy” rating in a report on Monday, August 12th. UBS Group upped their price objective on shares of Travelers Companies from $146.00 to $152.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Finally, Morgan Stanley cut their price objective on shares of Travelers Companies from $140.00 to $136.00 and set an “underweight” rating on the stock in a report on Thursday, August 15th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. Travelers Companies presently has an average rating of “Hold” and an average price target of $148.78.

Shares of TRV traded down $1.99 during mid-day trading on Friday, hitting $146.31. 1,627,099 shares of the company traded hands, compared to its average volume of 1,312,022. Travelers Companies has a 1-year low of $111.08 and a 1-year high of $155.09. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $38.16 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.39 and a beta of 0.93. The business has a 50 day moving average of $147.66 and a 200 day moving average of $144.19.

Travelers Companies (NYSE:TRV) last issued its earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 EPS for the quarter, missing the Zacks’ consensus estimate of $2.32 by ($0.30). The firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $7.03 billion. Travelers Companies had a net margin of 8.65% and a return on equity of 10.73%. Travelers Companies’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 EPS. As a group, research analysts expect that Travelers Companies will post 10.6 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a $0.82 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.28 dividend on an annualized basis and a yield of 2.24%. Travelers Companies’s dividend payout ratio is currently 36.69%.

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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