D. E. Shaw & Co. Inc. Sells 107,782 Shares of The Travelers Companies, Inc. (NYSE:TRV)

D. E. Shaw & Co. Inc. lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 32.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 224,233 shares of the insurance provider’s stock after selling 107,782 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Travelers Companies were worth $45,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TRV. Y.D. More Investments Ltd bought a new position in Travelers Companies in the 2nd quarter valued at $25,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies in the first quarter valued at about $35,000. Beacon Capital Management LLC raised its holdings in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in Travelers Companies during the 1st quarter worth about $42,000. Finally, Tributary Capital Management LLC bought a new stake in Travelers Companies during the 1st quarter worth about $45,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Citigroup upped 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. Morgan Stanley reduced their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. William Blair reissued a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Barclays started coverage on Travelers Companies in a research report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 target price for the company. Finally, Bank of America raised their price target on Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a report on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $227.05.

Travelers Companies Stock Up 0.0 %

Shares of NYSE:TRV opened at $236.11 on Friday. The company has a 50 day moving average price of $222.96 and a two-hundred day moving average price of $218.07. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $53.82 billion, a PE ratio of 17.54, a PEG ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $243.48.

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

Travelers Companies Announces Dividend

The firm also recently declared 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. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

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 completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.33% of the stock is currently owned by company insiders.

About Travelers Companies

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.