The Travelers Companies, Inc. (NYSE:TRV) Stake Reduced 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 disclosure with the SEC. The firm 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 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. Culbertson A N & Co. Inc. boosted its position in The Travelers Companies by 1.0% in the second quarter. Culbertson A N & Co. Inc. now owns 24,138 shares of the insurance provider’s stock valued at $3,054,000 after buying an additional 250 shares during the last quarter. Heritage Way Advisors LLC boosted its position in The Travelers Companies by 4.8% in the second quarter. Heritage Way Advisors LLC now owns 17,635 shares of the insurance provider’s stock valued at $2,231,000 after buying an additional 800 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in The Travelers Companies by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,300 shares of the insurance provider’s stock valued at $2,189,000 after buying an additional 100 shares during the last quarter. LS Investment Advisors LLC boosted its position in The Travelers Companies by 6.4% in the second quarter. LS Investment Advisors LLC now owns 25,210 shares of the insurance provider’s stock valued at $3,190,000 after buying an additional 1,524 shares during the last quarter. Finally, Marathon Asset Management LLP boosted its position in The Travelers Companies by 4.0% in the second quarter. Marathon Asset Management LLP now owns 996,719 shares of the insurance provider’s stock valued at $126,113,000 after buying an additional 38,608 shares during the last quarter. 78.24% of the stock is owned by hedge funds and other institutional investors.

The Travelers Companies, Inc. (NYSE TRV) traded down 0.23% during mid-day trading on Friday, hitting $127.89. The stock had a trading volume of 1,246,905 shares. The Travelers Companies, Inc. has a 12-month low of $103.45 and a 12-month high of $130.37. The firm has a market cap of $35.29 billion, a PE ratio of 12.74 and a beta of 1.20. The company has a 50-day moving average of $127.31 and a 200-day moving average of $123.52.

The Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (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 business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the business earned $2.20 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Analysts expect that The Travelers Companies, Inc. will post $8.90 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued 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 yield of 2.25%. The Travelers Companies’s dividend payout ratio is currently 28.77%.

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Several research firms recently commented on TRV. Barclays PLC boosted their target price on The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. BidaskClub cut The Travelers Companies from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. MKM Partners reissued a “neutral” rating and set a $130.00 target price (up from $115.00) on shares of The Travelers Companies in a research note on Wednesday, July 26th. Citigroup Inc. reaffirmed a “buy” rating and set a $148.00 price target (down from $150.00) on shares of The Travelers Companies in a report on Monday, July 24th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $119.00 price target (up from $112.00) on shares of The Travelers Companies in a report on Friday, July 7th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target 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 dated Thursday, May 25th. The shares were sold at an average price of $123.00, for a total value of $1,191,378.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kenneth Franklin Spence III sold 4,800 shares of The Travelers Companies stock in a transaction that occurred on Monday, August 14th. The shares were 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. Insiders sold 194,303 shares of company stock worth $24,702,936 in the last three months. 0.82% of the stock is currently 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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