The Travelers Companies, Inc. (NYSE:TRV) Stake Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,876 shares of the insurance provider’s stock after selling 1,043 shares during the period. Mutual of America Capital Management LLC’s holdings in Travelers Companies were worth $5,872,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd purchased a new stake in shares of Travelers Companies during the 2nd quarter worth about $25,000. Pathway Financial Advisers LLC bought a new position in Travelers Companies during the first quarter valued at approximately $35,000. Beacon Capital Management LLC lifted its stake in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in Travelers Companies in the first quarter worth approximately $42,000. Finally, Tributary Capital Management LLC acquired a new position in shares of Travelers Companies during the 1st quarter worth $45,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Bank of America upped their price objective on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a report on Monday, July 22nd. Morgan Stanley lowered their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a report on Friday. Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 price target on shares of Travelers Companies in a report on Monday, July 22nd. Finally, TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $252.00 to $230.00 in a research note on Monday, July 15th. Four equities 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $227.05.

Travelers Companies Trading Up 0.4 %

Travelers Companies stock opened at $238.53 on Friday. The business has a 50 day moving average price of $221.42 and a two-hundred day moving average price of $217.57. 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 Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $243.48. The stock has a market cap of $54.37 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The firm had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.19 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.76%. Travelers Companies’s payout ratio is currently 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.