Pensionfund DSM Netherlands Has $3,821,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Pensionfund DSM Netherlands maintained its stake in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,200 shares of the insurance provider’s stock at the end of the second quarter. Pensionfund DSM Netherlands’ holdings in The Travelers Companies were worth $3,821,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. increased its stake in shares of The Travelers Companies by 14.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 86,054 shares of the insurance provider’s stock worth $10,373,000 after buying an additional 11,098 shares during the last quarter. TrueNorth Inc. increased its stake in shares of The Travelers Companies by 24.2% in the first quarter. TrueNorth Inc. now owns 7,450 shares of the insurance provider’s stock worth $898,000 after buying an additional 1,451 shares during the last quarter. Laurel Wealth Advisors Inc. purchased a new stake in shares of The Travelers Companies during the first quarter worth about $251,000. Seaward Management Limited Partnership increased its stake in shares of The Travelers Companies by 2.9% in the first quarter. Seaward Management Limited Partnership now owns 3,518 shares of the insurance provider’s stock worth $424,000 after buying an additional 100 shares during the last quarter. Finally, Piedmont Investment Advisors LLC increased its stake in shares of The Travelers Companies by 0.8% in the first quarter. Piedmont Investment Advisors LLC now owns 62,878 shares of the insurance provider’s stock worth $7,579,000 after buying an additional 519 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors and hedge funds.

The Travelers Companies, Inc. (NYSE:TRV) opened at 127.89 on Friday. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $130.37. The stock has a 50 day moving average of $127.31 and a 200 day moving average of $123.52. The company has a market cap of $35.29 billion, a PE ratio of 12.74 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by $0.15. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $2.20 earnings per share. On average, analysts anticipate that The Travelers Companies, Inc. will post $8.90 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Thursday, September 7th. The Travelers Companies’s dividend payout ratio is currently 28.77%.

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TRV has been the topic of a number of recent analyst reports. Citigroup Inc. increased their price target on shares of The Travelers Companies from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Argus raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a report on Monday, April 24th. Vetr raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target on the stock in a report on Tuesday, June 27th. Bank of America Corporation downgraded shares of The Travelers Companies from a “buy” rating to a “neutral” rating and increased their price target for the stock from $120.62 to $129.44 in a report on Monday, June 19th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $119.00 target price (up from $112.00) on shares of The Travelers Companies in a research note on Friday, July 7th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $124.01.

In other The Travelers Companies news, EVP Andy F. Bessette sold 3,300 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $128.50, for a total value of $424,050.00. Following the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $1,285,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Jay S. Benet sold 16,566 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $130.01, for a total value of $2,153,745.66. Following the completion of the transaction, the insider now directly owns 93,872 shares in the company, valued at approximately $12,204,298.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 194,303 shares of company stock worth $24,702,936. Corporate insiders own 0.82% of the company’s stock.

The Travelers Companies Company Profile

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

Institutional Ownership by Quarter for The Travelers Companies (NYSE:TRV)

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