Ensign Peak Advisors Inc Has $17.40 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Ensign Peak Advisors Inc lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 85,547 shares of the insurance provider’s stock after selling 1,410 shares during the period. Ensign Peak Advisors Inc’s holdings in Travelers Companies were worth $17,395,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TRV. Thrivent Financial for Lutherans lifted its holdings in Travelers Companies by 39.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 15,648 shares of the insurance provider’s stock worth $3,182,000 after purchasing an additional 4,466 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Travelers Companies by 67.2% during the second quarter. Pacer Advisors Inc. now owns 26,214 shares of the insurance provider’s stock worth $5,330,000 after buying an additional 10,540 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Travelers Companies by 100.3% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 88,673 shares of the insurance provider’s stock worth $18,031,000 after buying an additional 44,400 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of Travelers Companies by 51.1% in the second quarter. AE Wealth Management LLC now owns 1,994 shares of the insurance provider’s stock valued at $406,000 after acquiring an additional 674 shares in the last quarter. Finally, Bridges Investment Management Inc. increased its position in Travelers Companies by 2.2% during the second quarter. Bridges Investment Management Inc. now owns 4,409 shares of the insurance provider’s stock worth $897,000 after acquiring an additional 94 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Up 0.3 %

Shares of TRV stock opened at $239.35 on Tuesday. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $243.48. The stock’s fifty day simple moving average is $221.94 and its 200 day simple moving average is $217.67. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $54.81 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). The firm had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s payout ratio is currently 31.20%.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the 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 completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays started coverage on shares of Travelers Companies in a report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price objective for the company. JPMorgan Chase & Co. increased their price target on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 target price on shares of Travelers Companies in a research report on Monday, July 22nd. William Blair restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $227.05.

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.