Green Square Capital LLC Sells 3,844 Shares of Travelers Companies Inc (TRV)
Green Square Capital LLC lowered its position in Travelers Companies Inc (NYSE:TRV) by 36.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,576 shares of the insurance provider’s stock after selling 3,844 shares during the quarter. Green Square Capital LLC’s holdings in Travelers Companies were worth $804,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. GHP Investment Advisors Inc. lifted its stake in shares of Travelers Companies by 3.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 32,835 shares of the insurance provider’s stock worth $4,017,000 after buying an additional 1,168 shares during the last quarter. Nomura Holdings Inc. lifted its stake in shares of Travelers Companies by 95.3% during the 2nd quarter. Nomura Holdings Inc. now owns 52,446 shares of the insurance provider’s stock worth $6,416,000 after buying an additional 25,595 shares during the last quarter. Andra AP fonden acquired a new stake in shares of Travelers Companies during the 2nd quarter worth about $8,038,000. Global X Management Co LLC lifted its stake in shares of Travelers Companies by 9.4% during the 2nd quarter. Global X Management Co LLC now owns 6,256 shares of the insurance provider’s stock worth $765,000 after buying an additional 537 shares during the last quarter. Finally, Gifford Fong Associates acquired a new stake in shares of Travelers Companies during the 2nd quarter worth about $856,000. Hedge funds and other institutional investors own 78.95% of the company’s stock.
NYSE:TRV opened at $132.50 on Thursday. Travelers Companies Inc has a 52 week low of $119.90 and a 52 week high of $150.55. The stock has a market cap of $34.80 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 1.03 and a beta of 1.27. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 0.38.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Monday, September 10th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Friday, September 7th. Travelers Companies’s dividend payout ratio is 42.31%.
In other Travelers Companies news, EVP Andy F. Bessette sold 8,892 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $130.78, for a total value of $1,162,895.76. Following the transaction, the executive vice president now directly owns 10,551 shares of the company’s stock, valued at approximately $1,379,859.78. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Jay S. Benet sold 8,876 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the completion of the transaction, the insider now directly owns 94,176 shares in the company, valued at $12,431,232. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.
A number of research firms have recently issued reports on TRV. TheStreet cut shares of Travelers Companies from a “b” rating to a “c+” rating in a research note on Thursday, July 19th. Citigroup raised their target price on shares of Travelers Companies from $144.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, July 30th. Barclays cut 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 note on Monday, July 9th. Zacks Investment Research cut shares of Travelers Companies from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, MKM Partners cut their target price on shares of Travelers Companies to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $137.93.
Travelers Companies Company 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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