Liberty Capital Management Inc. Acquires 1,000 Shares of The Travelers Companies, Inc. (TRV)

Liberty Capital Management Inc. raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 434.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,230 shares of the insurance provider’s stock after buying an additional 1,000 shares during the period. Liberty Capital Management Inc.’s holdings in The Travelers Companies were worth $154,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Balasa Dinverno & Foltz LLC boosted its position 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 position 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 position 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 position 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 position 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. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Travelers Companies, Inc. (TRV) traded down 0.2546% during midday trading on Friday, hitting $127.8636. 606,181 shares of the company’s stock traded hands. The stock has a market cap of $35.28 billion, a P/E ratio of 12.7329 and a beta of 1.20. The Travelers Companies, Inc. has a 52 week low of $103.45 and a 52 week high of $130.37. The company has a 50 day moving average of $127.26 and a 200 day moving average of $123.45.

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

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

The Travelers Companies declared that its board has initiated a share repurchase program on Thursday, April 20th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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Several brokerages have issued reports on TRV. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $115.00 price objective on shares of The Travelers Companies in a research note on Thursday, May 25th. BidaskClub cut shares of The Travelers Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. MKM Partners reissued a “neutral” rating and issued a $130.00 price objective (up from $115.00) on shares of The Travelers Companies in a research note on Wednesday, July 26th. Barclays PLC boosted their price objective on shares of The Travelers Companies from $119.00 to $122.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $126.00 price objective on shares of The Travelers Companies in a research note on Monday, May 22nd. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $124.01.

In related news, Vice Chairman Jay S. Benet sold 16,566 shares of The Travelers Companies stock in a transaction dated 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 directly owns 93,872 shares of the company’s stock, valued at $12,204,298.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kenneth Franklin Spence III sold 4,800 shares of The Travelers Companies stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $128.73, for a total value of $617,904.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 194,303 shares of company stock worth $24,702,936. 0.82% of the stock is owned by corporate 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.

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

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