Czech National Bank Purchases 1,636 Shares of The Travelers Companies, Inc. $TRV

Czech National Bank increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,527 shares of the insurance provider’s stock after buying an additional 1,636 shares during the quarter. Czech National Bank’s holdings in Travelers Companies were worth $19,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Travelers Companies during the fourth quarter worth $723,339,000. State Street Corp raised its holdings in Travelers Companies by 3.1% during the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after purchasing an additional 486,861 shares during the last quarter. AustralianSuper Pty Ltd raised its holdings in Travelers Companies by 102.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock worth $263,537,000 after purchasing an additional 458,746 shares during the last quarter. Amundi lifted its position in shares of Travelers Companies by 36.6% in the 1st quarter. Amundi now owns 1,392,468 shares of the insurance provider’s stock worth $406,155,000 after purchasing an additional 373,061 shares during the period. Finally, Woodline Partners LP bought a new stake in shares of Travelers Companies in the 3rd quarter valued at $99,680,000. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the transaction, the executive vice president owned 45,125 shares in the company, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the firm’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the completion of the transaction, the executive vice president directly owned 9,213 shares in the company, valued at $3,393,884.94. This trade represents a 63.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 62,667 shares of company stock worth $22,688,329 over the last quarter. Corporate insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TRV. Mizuho increased their price objective on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Roth Capital boosted their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. TD Cowen downgraded Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target for the company. in a report on Monday, July 13th. Morgan Stanley lifted their price objective on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Four 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 issued a Sell rating to the company. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $354.26.

Travelers Companies Trading Down 0.4%

NYSE:TRV opened at $384.44 on Friday. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $80.18 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 3.67 and a beta of 0.45. The firm has a fifty day simple moving average of $338.11 and a two-hundred day simple moving average of $311.80.

Travelers Companies (NYSE:TRV) last released 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. The company had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.51 EPS. Analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio is presently 13.39%.

About Travelers Companies

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.