Cullinan Associates Inc. Sells 1,439 Shares of The Travelers Companies, Inc. $TRV

Cullinan Associates Inc. reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 23,657 shares of the insurance provider’s stock after selling 1,439 shares during the quarter. Cullinan Associates Inc.’s holdings in Travelers Companies were worth $7,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Travelers Companies during the 2nd quarter worth about $4,447,000. Arbejdsmarkedets Tillaegspension bought a new stake in Travelers Companies in the fourth quarter valued at about $24,167,000. Biondo Investment Advisors LLC acquired a new position in Travelers Companies in the second quarter worth about $13,649,000. Evolve Private Wealth LLC acquired a new position in Travelers Companies in the second quarter worth about $987,000. Finally, Rit Capital Partners PLC bought a new position in Travelers Companies during the fourth quarter worth about $39,450,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV stock opened at $369.85 on Friday. 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 firm has a market capitalization of $77.14 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 3.52 and a beta of 0.45. The firm’s 50 day moving average is $358.56 and its 200-day moving average is $320.77. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping the consensus estimate of $5.41 by $4.63. The firm had revenue of $12.15 billion during 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%. Travelers Companies’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.51 EPS. Sell-side analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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

Insider Buying and Selling at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,313 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total value of $6,009,382.94. Following the transaction, the executive vice president owned 9,213 shares of the company’s stock, valued at approximately $3,393,884.94. This trade represents a 63.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the sale, the chief financial officer owned 27,535 shares of the company’s stock, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 52,667 shares of company stock valued at $19,611,829 over the last ninety days. Company insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the topic of several analyst reports. TD Cowen lowered Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a research note on Monday, July 13th. Roth Capital boosted their price target on Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Mizuho upped their price target on Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Morgan Stanley increased their price objective on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Finally, Citigroup reissued a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $354.26.

Travelers Companies 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.