Manning & Napier Advisors LLC Purchases New Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Manning & Napier Advisors LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 85,093 shares of the insurance provider’s stock, valued at approximately $17,303,000.

Several other institutional investors have also recently made changes to their positions in TRV. Vanguard Group Inc. grew its holdings in Travelers Companies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after purchasing an additional 148,012 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after acquiring an additional 3,158,979 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Travelers Companies by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock worth $595,075,000 after acquiring an additional 154,886 shares during the last quarter. Norges Bank acquired a new position in shares of Travelers Companies during the 4th quarter worth approximately $282,593,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Travelers Companies by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock valued at $273,529,000 after acquiring an additional 40,114 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TRV. Keefe, Bruyette & Woods reduced their price objective on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. Jefferies Financial Group decreased their price target on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday, April 19th. Morgan Stanley lowered their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Bank of America boosted their price objective on Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a report on Monday, July 22nd. Finally, Evercore ISI decreased their target price on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $223.78.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Travelers Companies stock traded up $0.80 during mid-day trading on Friday, reaching $212.48. 989,852 shares of the company were exchanged, compared to its average volume of 1,376,388. The company has a fifty day simple moving average of $209.58 and a 200-day simple moving average of $215.21. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market cap of $48.43 billion, a PE ratio of 15.65, a PEG ratio of 1.08 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. During the same quarter last year, the business earned $0.06 EPS. Travelers Companies’s revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.19 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 Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is presently 31.20%.

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.