Aureus Asset Management LLC Reduces Position in The Travelers Companies, Inc. (TRV)

Aureus Asset Management LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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.

A number of other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in The Travelers Companies by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,883,618 shares of the insurance provider’s stock valued at $347,599,000 after buying an additional 56,095 shares in the last quarter. Parallel Advisors LLC boosted its position in The Travelers Companies by 37.5% in the first quarter. Parallel Advisors LLC now owns 3,150 shares of the insurance provider’s stock valued at $381,000 after buying an additional 859 shares during the last quarter. Geode Capital Management LLC boosted its position in The Travelers Companies by 7.5% in the first quarter. Geode Capital Management LLC now owns 2,683,966 shares of the insurance provider’s stock valued at $323,057,000 after buying an additional 186,279 shares during the last quarter. Azimuth Capital Management LLC boosted its position in The Travelers Companies by 0.3% in the first quarter. Azimuth Capital Management LLC now owns 26,816 shares of the insurance provider’s stock valued at $3,232,000 after buying an additional 71 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in The Travelers Companies by 3.0% in the first quarter. Vanguard Group Inc. now owns 21,551,932 shares of the insurance provider’s stock valued at $2,597,871,000 after buying an additional 633,510 shares during the last quarter. 78.24% of the stock is owned by institutional investors.

Shares of The Travelers Companies, Inc. (NYSE: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 company has a market cap of $35.29 billion, a price-to-earnings 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, Inc. has a 12 month low of $103.45 and a 12 month high of $130.37.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.07 by $0.15. The business had revenue of $6.35 billion during 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 Travelers Companies’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.20 earnings per share. Analysts expect that The Travelers Companies, Inc. will post $8.90 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders 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 is currently 28.77%.

WARNING: This story was published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.com-unik.info/2017/08/19/the-travelers-companies-inc-trv-stake-decreased-by-aureus-asset-management-llc-updated-updated-updated.html.

TRV has been the subject of a number of recent research reports. Keefe, Bruyette & Woods restated 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 restated a “neutral” rating and issued a $130.00 price objective (up previously from $115.00) on shares of The Travelers Companies in a research note on Wednesday, July 26th. Barclays PLC increased their target price 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, August 11th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $126.00 target price on shares of The Travelers Companies in a research report on Monday, May 22nd. Five 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 company has an average rating of “Hold” and an average price target of $124.01.

In related news, EVP Andy F. Bessette sold 3,300 shares of The Travelers Companies stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $128.50, for a total transaction of $424,050.00. Following the sale, the executive vice president now directly owns 10,000 shares in the company, valued at $1,285,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 24,000 shares of The Travelers Companies stock in a transaction that occurred 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 owns 253,744 shares in the company, valued at $32,134,140.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 194,303 shares of company stock worth $24,702,936. Corporate insiders own 0.82% of the company’s stock.

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)

What are top analysts saying about The Travelers Companies Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for The Travelers Companies Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit