Mitsubishi UFJ Trust & Banking Corp Sells 11,327 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 5.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 211,021 shares of the insurance provider’s stock after selling 11,327 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.08% of The Travelers Companies worth $31,582,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TRV. Tradition Wealth Management LLC increased its position in The Travelers Companies by 2.4% in the first quarter. Tradition Wealth Management LLC now owns 2,666 shares of the insurance provider’s stock worth $401,000 after purchasing an additional 63 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. increased its position in The Travelers Companies by 1.2% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 5,602 shares of the insurance provider’s stock worth $843,000 after purchasing an additional 67 shares during the period. CX Institutional increased its position in The Travelers Companies by 19.8% in the second quarter. CX Institutional now owns 406 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 67 shares during the period. Good Life Advisors LLC grew its position in shares of The Travelers Companies by 5.1% during the 2nd quarter. Good Life Advisors LLC now owns 1,415 shares of the insurance provider’s stock worth $212,000 after buying an additional 69 shares during the period. Finally, Advisors Capital Management LLC grew its position in shares of The Travelers Companies by 4.5% during the 2nd quarter. Advisors Capital Management LLC now owns 1,632 shares of the insurance provider’s stock worth $244,000 after buying an additional 71 shares during the period. 81.84% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Michael Frederick Klein sold 12,000 shares of the firm’s stock in a transaction dated Monday, July 26th. The stock was sold at an average price of $149.22, for a total transaction of $1,790,640.00. Following the completion of the transaction, the executive vice president now directly owns 16,275 shares in the company, valued at $2,428,555.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.92% of the stock is owned by company insiders.

Several research firms have recently issued reports on TRV. William Blair restated an “outperform” rating on shares of The Travelers Companies in a research report on Wednesday, July 21st. Morgan Stanley boosted their target price on The Travelers Companies from $166.00 to $168.00 and gave the stock an “equal weight” rating in a research report on Monday, August 16th. Wolfe Research began coverage on The Travelers Companies in a research report on Monday, August 16th. They issued an “outperform” rating and a $180.00 price objective for the company. boosted their price objective on The Travelers Companies from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, June 21st. Finally, Bank of America lowered The Travelers Companies from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $171.00 to $161.00 in a research report on Thursday, July 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, The Travelers Companies has a consensus rating of “Hold” and an average price target of $161.69.

Shares of NYSE TRV opened at $156.46 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.38 and a quick ratio of 0.38. The stock’s fifty day moving average price is $155.36 and its two-hundred day moving average price is $154.82. The Travelers Companies, Inc. has a one year low of $105.96 and a one year high of $163.29. The firm has a market cap of $39.04 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 2.03 and a beta of 0.76.

The Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Monday, July 19th. The insurance provider reported $3.45 earnings per share for the quarter, topping the consensus estimate of $2.39 by $1.06. The Travelers Companies had a return on equity of 12.71% and a net margin of 11.30%. The business had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same period in the prior year, the company earned ($0.20) EPS. The Travelers Companies’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 12.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Friday, September 10th will be given a $0.88 dividend. The ex-dividend date is Thursday, September 9th. This represents a $3.52 annualized dividend and a yield of 2.25%. The Travelers Companies’s dividend payout ratio is presently 33.59%.

The Travelers Companies Company Profile

The Travelers Cos., Inc is a holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following business segments: Business Insurance, Bond and Specialty Insurance, and Personal Insurance. The Business Insurance segment offers a broad array of property and casualty insurance, and insurance related services to its customers.

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

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