Dynamic Advisors Solutions LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 14.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,310 shares of the insurance provider’s stock after buying an additional 420 shares during the period. Dynamic Advisors Solutions LLC’s holdings in The Travelers Companies were worth $419,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of TRV. Reilly Financial Advisors LLC boosted its position in The Travelers Companies by 5.5% in the first quarter. Reilly Financial Advisors LLC now owns 11,990 shares of the insurance provider’s stock valued at $1,445,000 after buying an additional 620 shares during the period. Howland Capital Management LLC boosted its position in The Travelers Companies by 0.3% in the first quarter. Howland Capital Management LLC now owns 9,795 shares of the insurance provider’s stock valued at $1,181,000 after buying an additional 34 shares during the period. Pinnacle Bank bought a new position in The Travelers Companies during the first quarter valued at $564,000. Tompkins Financial Corp boosted its position in The Travelers Companies by 0.3% in the first quarter. Tompkins Financial Corp now owns 21,796 shares of the insurance provider’s stock valued at $2,544,000 after buying an additional 60 shares during the period. Finally, BLB&B Advisors LLC boosted its position in The Travelers Companies by 1.9% in the first quarter. BLB&B Advisors LLC now owns 5,402 shares of the insurance provider’s stock valued at $651,000 after buying an additional 100 shares during the period. Institutional investors own 78.95% of the company’s stock.
Shares of The Travelers Companies, Inc. (NYSE:TRV) traded down 0.78% on Friday, hitting $128.68. 625,627 shares of the stock traded hands. The firm has a 50 day moving average price of $127.13 and a 200 day moving average price of $123.06. The Travelers Companies, Inc. has a 52-week low of $103.45 and a 52-week high of $130.36. The firm has a market cap of $35.51 billion, a PE ratio of 12.81 and a beta of 1.20.
The Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by $0.15. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.20 EPS. On average, equities analysts forecast that The Travelers Companies, Inc. will post $8.92 EPS for the current 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 2.22%. The ex-dividend date is Thursday, September 7th. The Travelers Companies’s dividend payout ratio is currently 28.77%.
The Travelers Companies declared that its Board of Directors has approved a stock buyback plan on Thursday, April 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the insurance provider to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
Several research firms recently weighed in on TRV. Barclays PLC upped their price objective on shares of The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Friday. Bank of America Corporation cut shares of The Travelers Companies from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $120.62 to $129.44 in a research report on Monday, June 19th. BidaskClub upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Keefe, Bruyette & Woods restated a “hold” rating on shares of The Travelers Companies in a research report on Tuesday, June 20th. Finally, MKM Partners restated a “neutral” rating and issued a $130.00 price objective (up from $115.00) on shares of The Travelers Companies in a research report on Wednesday, July 26th. Five investment 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 stock currently has an average rating of “Hold” and an average target price of $124.01.
In other news, Vice Chairman Jay S. Benet sold 16,566 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $130.01, for a total transaction of $2,153,745.66. Following the transaction, the insider now owns 93,872 shares of the company’s stock, valued at approximately $12,204,298.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Andy F. Bessette sold 3,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total value of $424,050.00. Following the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $1,285,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,978 shares of company stock worth $23,627,310. 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.
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