Point72 Europe London LLP Invests $6.34 Million in The Travelers Companies, Inc. (NYSE:TRV)

Point72 Europe London LLP acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 31,200 shares of the insurance provider’s stock, valued at approximately $6,344,000.

A number of other large investors have also recently added to or reduced their stakes in TRV. JPMorgan Chase & Co. lifted its stake in shares of Travelers Companies by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after buying an additional 3,158,979 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Travelers Companies by 356.4% in the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock worth $176,589,000 after acquiring an additional 678,241 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in Travelers Companies during the 1st quarter worth $88,190,000. Point72 Asset Management L.P. boosted its holdings in Travelers Companies by 6,167.2% during the fourth quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider’s stock valued at $63,596,000 after acquiring an additional 328,527 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Travelers Companies by 324.9% in the second quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock valued at $61,324,000 after purchasing an additional 230,612 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV stock opened at $237.98 on Wednesday. The stock’s fifty day simple moving average is $222.34 and its 200 day simple moving average is $217.81. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $243.48. The firm has a market cap of $54.24 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 1.24 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

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

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s payout ratio is 31.20%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TRV. Bank of America increased their target price on Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Citigroup boosted their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research report on Tuesday, July 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $225.00 price target on shares of Travelers Companies in a report on Monday, July 22nd. Finally, William Blair restated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $227.05.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the 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 in the company, valued at approximately $4,820,409.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.33% of the stock is currently owned by corporate 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.