Aureus Asset Management LLC decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,820 shares of the insurance provider’s stock after selling 30 shares during the period. Aureus Asset Management LLC’s holdings in The Travelers Companies were worth $219,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the stock. Balasa Dinverno & Foltz LLC raised 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 worth $416,000 after buying an additional 9 shares during the period. American Economic Planning Group Inc. ADV increased its position in 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 worth $305,000 after buying an additional 15 shares in the last quarter. Dubuque Bank & Trust Co. increased its position in 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 worth $479,000 after buying an additional 23 shares in the last quarter. Balentine LLC increased its position in The Travelers Companies by 2.0% in the first quarter. Balentine LLC now owns 1,404 shares of the insurance provider’s stock worth $169,000 after buying an additional 27 shares in the last quarter. Finally, HighPoint Advisor Group LLC increased its position in The Travelers Companies by 1.1% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,921 shares of the insurance provider’s stock worth $365,000 after buying an additional 33 shares in the last quarter. Institutional investors own 78.95% of the company’s stock.
The Travelers Companies, Inc. (NYSE TRV) opened at 128.18 on Friday. 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 stock’s 50 day moving average price is $127.13 and its 200-day moving average price is $123.13. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $130.36.
The Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the Zacks’ 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 company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the previous year, the business earned $2.20 earnings per share. The Travelers Companies’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts expect that The Travelers Companies, Inc. will post $8.92 EPS for the current fiscal year.
The Travelers Companies announced that its board has authorized a share buyback plan on Thursday, April 20th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a $0.72 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.25%. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.
Several equities analysts have recently issued reports on TRV shares. MKM Partners restated a “neutral” rating and set a $130.00 price objective (up from $115.00) on shares of The Travelers Companies in a research note on Wednesday, July 26th. Argus upgraded 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 research report on Monday, April 24th. Royal Bank Of Canada reiterated a “buy” rating and issued a $126.00 price target on shares of The Travelers Companies in a research report on Monday, May 22nd. Citigroup Inc. reiterated a “buy” rating and issued a $148.00 price target (down from $150.00) on shares of The Travelers Companies in a research report on Monday, July 24th. Finally, Barclays PLC boosted their price target 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. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $124.01.
In related news, Vice Chairman William H. Heyman sold 7,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $123.48, for a total value of $864,360.00. Following the sale, the insider now owns 246,744 shares in the company, valued at $30,467,949.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Andy F. Bessette sold 3,300 shares of the 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 completion of the sale, the executive vice president now owns 10,000 shares in the company, valued at approximately $1,285,000. The disclosure for this sale can be found here. Insiders sold 189,503 shares of company stock worth $24,085,032 in the last quarter. 0.82% of the stock is currently owned by company insiders.
About The Travelers Companies
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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