Profund Advisors LLC Trims Stake in The Travelers Companies, Inc. (NYSE:TRV)

Profund Advisors LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,451 shares of the insurance provider’s stock after selling 239 shares during the period. Profund Advisors LLC’s holdings in Travelers Companies were worth $1,515,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Gryphon Financial Partners LLC grew its position in Travelers Companies by 35.4% in the 4th quarter. Gryphon Financial Partners LLC now owns 2,381 shares of the insurance provider’s stock valued at $444,000 after acquiring an additional 623 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Travelers Companies by 3.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 26,926 shares of the insurance provider’s stock valued at $5,129,000 after purchasing an additional 836 shares in the last quarter. SageView Advisory Group LLC bought a new position in shares of Travelers Companies during the 4th quarter worth $455,000. Orion Portfolio Solutions LLC grew its holdings in Travelers Companies by 126.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,573 shares of the insurance provider’s stock worth $3,187,000 after acquiring an additional 9,240 shares in the last quarter. Finally, Congress Wealth Management LLC DE boosted its stake in shares of Travelers Companies by 16.2% during the fourth quarter. Congress Wealth Management LLC DE now owns 1,482 shares of the insurance provider’s stock valued at $282,000 after purchasing an additional 207 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were 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 owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.33% of the stock is owned by company insiders.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $239.35 on Tuesday. 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 business has a 50 day simple moving average of $221.94 and a two-hundred day simple moving average of $217.67. The stock has a market capitalization of $54.81 billion, a P/E ratio of 17.78, a PEG ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $243.48.

Travelers Companies (NYSE:TRV) last issued its 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). 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 analyst estimates of $11.35 billion. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts predict that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted 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. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Deutsche Bank Aktiengesellschaft increased their price target on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday. Finally, TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $252.00 to $230.00 in a research note on Monday, July 15th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.