Korea Investment CORP Makes New Investment in The Travelers Companies, Inc. $TRV

Korea Investment CORP bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 270,075 shares of the insurance provider’s stock, valued at approximately $59,549,000.

Other institutional investors also recently made changes to their positions in the company. HHM Wealth Advisors LLC increased its stake in shares of Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 51 shares during the period. Whipplewood Advisors LLC bought a new stake in Travelers Companies in the 1st quarter valued at $26,000. LifeSteps Financial Inc. acquired a new position in Travelers Companies in the 2nd quarter valued at $26,000. Kilter Group LLC acquired a new position in Travelers Companies in the 2nd quarter valued at $26,000. Finally, Kemnay Advisory Services Inc. bought a new position in Travelers Companies during the 4th quarter worth $26,000. Institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other Travelers Companies news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This trade represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the transaction, the executive vice president owned 10,479 shares in the company, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,667 shares of company stock valued at $22,688,329 over the last three months. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Stock Down 0.2%

TRV stock opened at $363.83 on Friday. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The business has a 50-day simple moving average of $352.28 and a 200 day simple moving average of $318.12. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a market cap of $75.88 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same period in the prior year, the company posted $6.51 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TRV shares. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Wells Fargo & Company raised their price target on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. Citigroup reissued a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.