Slow Capital Inc. Sells 204 Shares of The Travelers Companies, Inc. $TRV

Slow Capital Inc. trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,379 shares of the insurance provider’s stock after selling 204 shares during the quarter. Slow Capital Inc.’s holdings in Travelers Companies were worth $4,114,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TRV. KLP Kapitalforvaltning AS lifted its position in shares of Travelers Companies by 1.1% in the second quarter. KLP Kapitalforvaltning AS now owns 80,679 shares of the insurance provider’s stock valued at $21,585,000 after acquiring an additional 900 shares in the last quarter. SteelPeak Wealth LLC boosted its stake in Travelers Companies by 5.9% in the 2nd quarter. SteelPeak Wealth LLC now owns 25,897 shares of the insurance provider’s stock worth $6,928,000 after purchasing an additional 1,434 shares during the period. PUREfi Wealth LLC grew its holdings in Travelers Companies by 39.8% during the 2nd quarter. PUREfi Wealth LLC now owns 2,283 shares of the insurance provider’s stock valued at $611,000 after buying an additional 650 shares in the last quarter. Cullinan Associates Inc. raised its position in shares of Travelers Companies by 8.4% during the second quarter. Cullinan Associates Inc. now owns 23,311 shares of the insurance provider’s stock valued at $6,237,000 after buying an additional 1,809 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Travelers Companies by 71,265.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after buying an additional 3,611,758 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $282.70 on Tuesday. The company has a 50 day moving average price of $272.16 and a 200 day moving average price of $265.71. The firm has a market capitalization of $63.65 billion, a P/E ratio of 12.50, a PEG ratio of 3.27 and a beta of 0.51. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 52 week low of $224.62 and a 52 week high of $286.17.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $2.99. The business had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $2.51 earnings per share. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 10th. Travelers Companies’s dividend payout ratio is presently 19.46%.

Wall Street Analysts Forecast Growth

TRV has been the topic of several research reports. Barclays cut Travelers Companies from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $280.00 to $274.00 in a report on Monday, July 7th. Citigroup started coverage on Travelers Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price target for the company. Wall Street Zen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company boosted their price target on Travelers Companies from $264.00 to $275.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $284.56.

Insider Activity

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the sale, the executive vice president owned 18,416 shares in the company, valued at $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is owned by company insiders.

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.