Janus Henderson Group PLC Trims Stake in The Travelers Companies, Inc. (NYSE:TRV)

Janus Henderson Group PLC cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 15.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,630 shares of the insurance provider’s stock after selling 26,259 shares during the quarter. Janus Henderson Group PLC owned about 0.06% of Travelers Companies worth $32,819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRV. Johnson Investment Counsel Inc. increased its position in shares of Travelers Companies by 29.0% during the fourth quarter. Johnson Investment Counsel Inc. now owns 4,614 shares of the insurance provider’s stock valued at $879,000 after acquiring an additional 1,037 shares during the last quarter. Nordea Investment Management AB raised its position in Travelers Companies by 38.7% in the first quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock valued at $78,689,000 after purchasing an additional 95,451 shares during the period. Focus Financial Network Inc. ADV acquired a new position in Travelers Companies during the fourth quarter worth $1,973,000. Wellington Management Group LLP boosted its position in shares of Travelers Companies by 100.9% during the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after buying an additional 25,575 shares during the period. Finally, Bank of Nova Scotia grew its stake in shares of Travelers Companies by 552.8% in the fourth quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock valued at $31,631,000 after buying an additional 140,622 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Travelers Companies stock traded down $1.65 during midday trading on Wednesday, reaching $218.77. The company’s stock had a trading volume of 277,952 shares, compared to its average volume of 1,365,804. The firm has a market capitalization of $49.86 billion, a PE ratio of 16.39, a P/E/G ratio of 1.11 and a beta of 0.61. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The stock’s 50 day simple moving average is $209.73 and its 200 day simple moving average is $214.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). The company 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 firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $0.06 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 17.23 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.92%. Travelers Companies’s payout ratio is 31.20%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group increased their target price on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research note on Friday, April 12th. Roth Mkm reissued a “buy” rating and issued a $240.00 price objective on shares of Travelers Companies in a research note on Thursday, April 18th. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. UBS Group decreased their price target on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $225.00 price objective on shares of Travelers Companies in a research report on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $221.11.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies 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.