The Travelers Companies, Inc. (NYSE:TRV) Holdings Raised by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 12.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 369,500 shares of the insurance provider’s stock after acquiring an additional 39,906 shares during the period. American Century Companies Inc.’s holdings in Travelers Companies were worth $75,134,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. LPL Financial LLC grew its stake in Travelers Companies by 7.4% in the second quarter. LPL Financial LLC now owns 177,528 shares of the insurance provider’s stock valued at $36,099,000 after purchasing an additional 12,190 shares in the last quarter. Evernest Financial Advisors LLC grew its stake in shares of Travelers Companies by 17.4% in the 2nd quarter. Evernest Financial Advisors LLC now owns 2,666 shares of the insurance provider’s stock valued at $542,000 after buying an additional 395 shares in the last quarter. AGF Management Ltd. increased its holdings in Travelers Companies by 6.2% in the second quarter. AGF Management Ltd. now owns 11,005 shares of the insurance provider’s stock worth $2,238,000 after buying an additional 639 shares during the last quarter. Steigerwald Gordon & Koch Inc. raised its position in Travelers Companies by 1.7% during the second quarter. Steigerwald Gordon & Koch Inc. now owns 94,638 shares of the insurance provider’s stock valued at $19,244,000 after acquiring an additional 1,603 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Travelers Companies by 3.6% in the second quarter. Daiwa Securities Group Inc. now owns 100,882 shares of the insurance provider’s stock valued at $20,513,000 after acquiring an additional 3,497 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.33% of the stock is currently owned by insiders.

Travelers Companies Trading Up 1.6 %

Travelers Companies stock opened at $237.83 on Friday. The business has a 50 day moving average price of $218.12 and a two-hundred day moving average price of $216.85. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $242.89. The stock has a market cap of $54.21 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.20 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same quarter in the previous year, the company posted $0.06 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.19 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.77%. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TRV. Royal Bank of Canada restated a “sector perform” rating and set a $225.00 price target on shares of Travelers Companies in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price target on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, William Blair reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $227.05.

Travelers Companies 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.