The Travelers Companies, Inc. (NYSE:TRV) Stake Cut by Alpha Windward LLC

Alpha Windward LLC lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,984 shares of the insurance provider’s stock after selling 24 shares during the period. Alpha Windward LLC’s holdings in The Travelers Companies were worth $251,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Balasa Dinverno & Foltz LLC boosted its stake in shares of The Travelers Companies by 0.3% in the first quarter. Balasa Dinverno & Foltz LLC now owns 3,448 shares of the insurance provider’s stock valued at $416,000 after buying an additional 9 shares in the last quarter. American Economic Planning Group Inc. ADV boosted its stake in shares of The Travelers Companies by 0.6% in the first quarter. American Economic Planning Group Inc. ADV now owns 2,529 shares of the insurance provider’s stock valued at $305,000 after buying an additional 15 shares in the last quarter. Dubuque Bank & Trust Co. boosted its stake in shares of The Travelers Companies by 0.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,970 shares of the insurance provider’s stock valued at $479,000 after buying an additional 23 shares in the last quarter. Northern Oak Wealth Management Inc. boosted its stake in shares of The Travelers Companies by 0.5% in the first quarter. Northern Oak Wealth Management Inc. now owns 4,873 shares of the insurance provider’s stock valued at $587,000 after buying an additional 23 shares in the last quarter. Finally, Balentine LLC boosted its stake in shares of The Travelers Companies by 2.0% in the first quarter. Balentine LLC now owns 1,404 shares of the insurance provider’s stock valued at $169,000 after buying an additional 27 shares in the last quarter. 78.95% of the stock is owned by hedge funds and other institutional investors.

The Travelers Companies, Inc. (TRV) opened at 128.18 on Friday. The company has a 50 day moving average price of $127.13 and a 200 day moving average price of $123.13. The firm has a market capitalization of $35.37 billion, a price-to-earnings ratio of 12.76 and a beta of 1.20. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $130.36.

The Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the consensus estimate of $2.07 by $0.15. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period in the prior year, the business earned $2.20 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts anticipate that The Travelers Companies, Inc. will post $8.92 earnings per share for the current fiscal year.

The Travelers Companies announced that its Board of Directors has approved a share buyback plan on Thursday, April 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the insurance provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

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

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Several brokerages have weighed in on TRV. BidaskClub cut The Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Vetr raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective for the company in a report on Tuesday, June 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $115.00 price objective on shares of The Travelers Companies in a report on Thursday, May 25th. Barclays PLC boosted their price objective on The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Bank of America Corporation lowered The Travelers Companies from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $120.62 to $129.44 in a research report on Monday, June 19th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $124.01.

In other The Travelers Companies news, SVP Douglas K. Russell sold 9,686 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $123.00, for a total value of $1,191,378.00. Following the completion of the sale, the senior vice president now owns 29,267 shares of the company’s stock, valued at $3,599,841. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John P. Clifford, Jr. sold 3,525 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $129.85, for a total value of $457,721.25. Following the completion of the sale, the executive vice president now directly owns 9,658 shares of the company’s stock, valued at approximately $1,254,091.30. The disclosure for this sale can be found here. Insiders have sold 189,503 shares of company stock valued at $24,085,032 in the last ninety days. 0.82% of the stock is currently owned by insiders.

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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