Czech National Bank Purchases 2,795 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Czech National Bank lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 46,431 shares of the insurance provider’s stock after acquiring an additional 2,795 shares during the period. Czech National Bank’s holdings in Travelers Companies were worth $10,870,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Drive Wealth Management LLC boosted its holdings in Travelers Companies by 2.8% in the second quarter. Drive Wealth Management LLC now owns 1,771 shares of the insurance provider’s stock worth $360,000 after acquiring an additional 48 shares in the last quarter. Wealth Quarterback LLC boosted its holdings in Travelers Companies by 1.1% in the fourth quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock worth $825,000 after acquiring an additional 49 shares in the last quarter. Kapitalo Investimentos Ltda boosted its holdings in Travelers Companies by 24.1% in the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 49 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in Travelers Companies by 9.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock worth $129,000 after acquiring an additional 50 shares in the last quarter. Finally, Norwood Financial Corp boosted its holdings in Travelers Companies by 16.1% in the first quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock worth $83,000 after acquiring an additional 50 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Activity at Travelers Companies

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 transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TRV. Morgan Stanley lowered their price target 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. Barclays began coverage on Travelers Companies in a report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price target on the stock. TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $252.00 to $230.00 in a report on Monday, July 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $225.00 price target on shares of Travelers Companies in a report on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft upped 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. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $227.05.

Travelers Companies Price Performance

Shares of NYSE TRV traded up $2.88 during mid-day trading on Friday, reaching $236.18. The company’s stock had a trading volume of 650,285 shares, compared to its average volume of 1,264,064. The firm has a market capitalization of $53.83 billion, a PE ratio of 17.55, a P/E/G ratio of 1.23 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. The stock has a fifty day moving average of $226.20 and a two-hundred day moving average of $218.64. 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 earnings per share 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 business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same period last year, the company earned $0.06 EPS. The business’s revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.16 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Tuesday, September 10th. Travelers Companies’s payout ratio is presently 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.