APG Asset Management N.V. Trims Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

APG Asset Management N.V. lowered its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 235,669 shares of the insurance provider’s stock after selling 8,200 shares during the quarter. APG Asset Management N.V. owned 0.10% of Travelers Companies worth $44,713,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Travelers Companies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock valued at $4,132,313,000 after acquiring an additional 148,012 shares in the last quarter. JPMorgan Chase & Co. raised its position in Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after purchasing an additional 3,158,979 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Travelers Companies by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock worth $619,241,000 after buying an additional 165,708 shares during the period. Boston Partners grew its position in shares of Travelers Companies by 16.4% during the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after buying an additional 196,011 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Travelers Companies by 8.0% during the second quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock valued at $233,769,000 after buying an additional 85,619 shares during the period. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the topic of several recent research reports. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Morgan Stanley lowered their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Barclays began coverage on Travelers Companies in a report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price target on the stock. Finally, Piper Sandler reduced their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $227.05.

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 shares were 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 in the company, valued at approximately $4,820,409.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.33% of the stock is owned by insiders.

Travelers Companies Trading Up 0.0 %

Shares of Travelers Companies stock opened at $236.11 on Friday. The firm’s 50 day simple moving average is $222.96 and its two-hundred day simple moving average is $218.07. The firm has a market capitalization of $53.82 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $243.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32.

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

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued 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 is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

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.