Amundi Purchases 186,412 Shares of The Travelers Companies, Inc. $TRV

Amundi raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 17.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,226,310 shares of the insurance provider’s stock after buying an additional 186,412 shares during the quarter. Amundi’s holdings in Travelers Companies were worth $315,579,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Valeo Financial Advisors LLC raised its stake in shares of Travelers Companies by 71,265.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after acquiring an additional 3,611,758 shares in the last quarter. Norges Bank purchased a new position in Travelers Companies in the second quarter worth $815,013,000. Nuveen LLC acquired a new position in shares of Travelers Companies during the first quarter worth $294,755,000. JPMorgan Chase & Co. lifted its holdings in shares of Travelers Companies by 10.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock valued at $2,040,475,000 after purchasing an additional 751,715 shares during the last quarter. Finally, Bahl & Gaynor Inc. lifted its holdings in shares of Travelers Companies by 41.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after purchasing an additional 490,039 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other news, Vice Chairman William H. Heyman sold 1,803 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $289.55, for a total transaction of $522,058.65. Following the sale, the insider owned 255,086 shares of the company’s stock, valued at $73,860,151.30. This trade represents a 0.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Maria Olivo sold 8,920 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the completion of the transaction, the executive vice president owned 117,596 shares of the company’s stock, valued at approximately $34,776,665.08. This represents a 7.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 46,295 shares of company stock worth $13,011,918. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Price Performance

NYSE:TRV opened at $280.72 on Friday. The firm’s fifty day moving average is $279.10 and its two-hundred day moving average is $271.78. The firm has a market cap of $62.62 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 2.78 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $296.85.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The business had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter in the previous year, the firm posted $5.24 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is currently 17.30%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TRV shares. Barclays set a $313.00 target price on Travelers Companies in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research note on Thursday, October 9th. Wolfe Research began coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Finally, Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $292.73.

About Travelers Companies

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.