The Travelers Companies, Inc. (NYSE:TRV) Stake Decreased by Horizon Investment Services LLC

Horizon Investment Services LLC reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 24.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,013 shares of the insurance provider’s stock after selling 639 shares during the period. Horizon Investment Services LLC’s holdings in The Travelers Companies were worth $243,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TRV. Westside Investment Management Inc. increased its stake in The Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after buying an additional 686 shares during the period. First Personal Financial Services increased its stake in The Travelers Companies by 133.3% in the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock worth $107,000 after buying an additional 508 shares during the period. Bartlett & Co. LLC increased its stake in The Travelers Companies by 30.0% in the first quarter. Bartlett & Co. LLC now owns 1,399 shares of the insurance provider’s stock worth $169,000 after buying an additional 323 shares during the period. Balentine LLC increased its stake 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 during the period. Finally, Community Bank N.A. increased its stake in The Travelers Companies by 39.0% in the first quarter. Community Bank N.A. now owns 1,425 shares of the insurance provider’s stock worth $172,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Shares of The Travelers Companies, Inc. (TRV) traded down 0.23% during mid-day trading on Friday, reaching $127.89. 1,246,905 shares of the company’s stock traded hands. The firm has a market cap of $35.29 billion, a price-to-earnings ratio of 12.74 and a beta of 1.20. The company’s 50 day moving average is $127.31 and its 200-day moving average is $123.52. The Travelers Companies, Inc. has a 52 week low of $103.45 and a 52 week high of $130.37.

The Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share 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 the consensus estimate of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The company’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 business earned $2.20 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post $8.90 earnings per share for the current fiscal year.

The business 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 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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A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $115.00 target price on shares of The Travelers Companies in a research report on Thursday, May 25th. BidaskClub downgraded The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. MKM Partners reiterated a “neutral” rating and set a $130.00 price objective (up previously from $115.00) on shares of The Travelers Companies in a research report on Wednesday, July 26th. Barclays PLC increased their price objective on The Travelers Companies from $119.00 to $122.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $126.00 price objective on shares of The Travelers Companies in a research report on Monday, May 22nd. 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 stock. The Travelers Companies has a consensus rating of “Hold” and a consensus price target of $124.01.

In related news, Vice Chairman William H. Heyman sold 24,000 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $126.64, for a total value of $3,039,360.00. Following the sale, the insider now directly owns 253,744 shares of the company’s stock, valued at approximately $32,134,140.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Douglas K. Russell sold 9,686 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $123.00, for a total transaction of $1,191,378.00. Following the completion of the sale, the senior vice president now directly owns 29,267 shares in the company, valued at $3,599,841. The disclosure for this sale can be found here. Insiders sold a total of 194,303 shares of company stock worth $24,702,936 over the last ninety days. 0.82% of the stock is currently owned by 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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