LSV Asset Management Reduces Stake in Travelers Companies Inc (TRV)

LSV Asset Management lowered its stake in shares of Travelers Companies Inc (NYSE:TRV) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,455,494 shares of the insurance provider’s stock after selling 122,150 shares during the period. LSV Asset Management owned approximately 1.29% of Travelers Companies worth $422,745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TRV. Old Mutual Global Investors UK Ltd. raised its holdings in shares of Travelers Companies by 223.2% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,700,269 shares of the insurance provider’s stock valued at $236,099,000 after purchasing an additional 1,174,173 shares during the period. BlackRock Inc. raised its holdings in shares of Travelers Companies by 4.5% during the first quarter. BlackRock Inc. now owns 21,504,503 shares of the insurance provider’s stock valued at $2,986,115,000 after purchasing an additional 932,105 shares during the period. Bank of Montreal Can acquired a new position in shares of Travelers Companies during the second quarter valued at about $60,659,000. Rothschild Asset Management Inc. acquired a new position in shares of Travelers Companies during the second quarter valued at about $42,766,000. Finally, Altman Advisors Inc. acquired a new position in shares of Travelers Companies during the second quarter valued at about $1,808,000. Hedge funds and other institutional investors own 79.47% of the company’s stock.

In other Travelers Companies news, Vice Chairman Jay S. Benet sold 6,854 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $132.00, for a total value of $904,728.00. Following the completion of the sale, the insider now directly owns 92,154 shares of the company’s stock, valued at approximately $12,164,328. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.80% of the company’s stock.

NYSE:TRV opened at $128.77 on Thursday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29. The stock has a market cap of $34.50 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.02 and a beta of 1.28. Travelers Companies Inc has a one year low of $113.76 and a one year high of $150.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 19th. The insurance provider reported $1.81 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.62). The business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.35 billion. Travelers Companies had a return on equity of 8.84% and a net margin of 6.89%. equities analysts predict that Travelers Companies Inc will post 9.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Monday, September 10th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, September 7th. Travelers Companies’s payout ratio is presently 42.31%.

Several equities analysts have recently weighed in on TRV shares. Citigroup dropped their price objective on shares of Travelers Companies from $159.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, May 1st. Argus dropped their price objective on shares of Travelers Companies from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, April 26th. TheStreet downgraded shares of Travelers Companies from a “b” rating to a “c+” rating in a research report on Thursday, July 19th. Barclays decreased their target price on shares of Travelers Companies from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, July 9th. Finally, Wells Fargo & Co reissued a “hold” rating and set a $142.00 target price on shares of Travelers Companies in a research report on Thursday, May 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Travelers Companies presently has an average rating of “Hold” and a consensus price target of $137.81.

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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