Legal & General Group Plc Sells 159,718 Shares of The Travelers Companies, Inc. $TRV

Legal & General Group Plc cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 8.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,626,427 shares of the insurance provider’s stock after selling 159,718 shares during the period. Legal & General Group Plc owned 0.72% of Travelers Companies worth $435,134,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bearing Point Capital LLC lifted its stake in Travelers Companies by 2.0% in the 1st quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider’s stock worth $522,000 after purchasing an additional 38 shares in the last quarter. Y.D. More Investments Ltd raised its position in shares of Travelers Companies by 13.9% in the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock worth $84,000 after buying an additional 39 shares in the last quarter. Park National Corp OH boosted its stake in Travelers Companies by 1.6% during the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock valued at $690,000 after buying an additional 40 shares during the period. ORG Partners LLC grew its position in Travelers Companies by 5.6% during the second quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock worth $207,000 after buying an additional 41 shares in the last quarter. Finally, Park Place Capital Corp boosted its position in shares of Travelers Companies by 33.1% during the 2nd quarter. Park Place Capital Corp now owns 165 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 41 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Up 0.8%

Shares of TRV stock opened at $290.21 on Friday. The business has a 50-day moving average of $276.41 and a 200 day moving average of $270.38. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $292.50. The stock has a market capitalization of $64.74 billion, a PE ratio of 11.41, a P/E/G ratio of 2.38 and a beta of 0.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same quarter in the prior year, the firm posted $5.24 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is 17.30%.

Wall Street Analyst Weigh In

TRV has been the topic of a number of recent analyst reports. Morgan Stanley raised their target price on shares of Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Wolfe Research assumed coverage on shares of Travelers Companies in a research report on Monday, September 15th. They issued a “peer perform” rating for the company. Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. The Goldman Sachs Group reissued a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Finally, Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $292.73.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the completion of the sale, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,493,829. This represents a 48.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 8,572 shares of the business’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the transaction, the executive vice president owned 33,638 shares in the company, valued at approximately $9,106,815.74. This represents a 20.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 37,375 shares of company stock worth $10,374,006. Company insiders own 1.46% of the company’s stock.

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.