E Fund Management Co. Ltd. Takes Position in The Travelers Companies, Inc. $TRV

E Fund Management Co. Ltd. acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 2,097 shares of the insurance provider’s stock, valued at approximately $462,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC boosted its holdings in Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after buying an additional 387 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in Travelers Companies in the fourth quarter worth approximately $276,000. WINTON GROUP Ltd bought a new position in shares of Travelers Companies in the second quarter valued at $382,000. CIBC Asset Management Inc lifted its position in shares of Travelers Companies by 13.9% during the 2nd quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock valued at $18,336,000 after acquiring an additional 8,383 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Travelers Companies by 2.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock valued at $28,254,000 after acquiring an additional 2,117 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president directly owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction 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. This represents a 32.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 62,667 shares of company stock valued at $22,688,329 over the last ninety days. Insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $364.79 on Friday. The company’s fifty day moving average is $351.09 and its two-hundred day moving average is $317.80. The company has a market cap of $76.09 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 3.44 and a beta of 0.45. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.Travelers Companies’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm posted $6.51 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio is currently 13.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TRV shares. HSBC lifted their target price on Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Seaport Research Partners set a $322.00 price target on Travelers Companies in a research note on Tuesday, May 26th. Raymond James Financial set a $430.00 price objective on Travelers Companies in a report on Monday, July 20th. Finally, Wells Fargo & Company raised their target price on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $354.26.

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.