Twin Capital Management Inc. Invests $827,000 in The Travelers Companies, Inc. (NYSE:TRV)

Twin Capital Management Inc. acquired a new position in The Travelers Companies, Inc. (NYSE:TRVGet Rating) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,525 shares of the insurance provider’s stock, valued at approximately $827,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Travelers Companies during the 4th quarter worth approximately $224,986,000. Eaton Vance Management acquired a new stake in Travelers Companies during the 4th quarter worth approximately $64,576,000. Goldman Sachs Group Inc. lifted its holdings in Travelers Companies by 56.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,135,421 shares of the insurance provider’s stock worth $177,614,000 after buying an additional 408,488 shares in the last quarter. Marshall Wace LLP acquired a new stake in Travelers Companies during the 4th quarter worth approximately $41,080,000. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Travelers Companies by 4,249.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 228,756 shares of the insurance provider’s stock worth $35,784,000 after buying an additional 223,496 shares in the last quarter. 83.20% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Down 0.3 %

NYSE TRV opened at $157.70 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The firm’s fifty day moving average price is $165.55 and its 200 day moving average price is $171.50. The company has a market capitalization of $37.42 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 2.86 and a beta of 0.62. The Travelers Companies, Inc. has a 12 month low of $145.40 and a 12 month high of $187.98.

Travelers Companies (NYSE:TRVGet Rating) last issued its quarterly earnings data on Thursday, July 21st. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.57. Travelers Companies had a net margin of 9.97% and a return on equity of 13.64%. The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same period last year, the firm posted $3.45 EPS. Travelers Companies’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 13.61 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 Friday, September 30th. Shareholders of record on Friday, September 9th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, September 8th. Travelers Companies’s payout ratio is currently 25.82%.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $172.78, for a total transaction of $1,727,800.00. Following the transaction, the executive vice president now directly owns 9,107 shares of the company’s stock, valued at approximately $1,573,507.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Travelers Companies news, Vice Chairman William H. Heyman sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $176.68, for a total transaction of $971,740.00. Following the transaction, the insider now owns 251,605 shares in the company, valued at approximately $44,453,571.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $172.78, for a total value of $1,727,800.00. Following the transaction, the executive vice president now owns 9,107 shares in the company, valued at approximately $1,573,507.46. The disclosure for this sale can be found here. 1.07% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Morgan Stanley reduced their price objective on shares of Travelers Companies from $184.00 to $181.00 and set an “equal weight” rating on the stock in a report on Monday, May 23rd. Wolfe Research restated a “peer perform” rating on shares of Travelers Companies in a report on Thursday, June 23rd. Citigroup began coverage on shares of Travelers Companies in a report on Monday, May 23rd. They issued a “neutral” rating and a $179.00 price objective on the stock. Finally, Royal Bank of Canada reduced their price objective on shares of Travelers Companies from $183.00 to $165.00 in a report on Friday, July 22nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $175.00.

Travelers Companies Company Profile

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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.

See Also

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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