Advisory Research Inc. held its position in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,856 shares of the insurance provider’s stock at the close of the 2nd quarter. Advisory Research Inc.’s holdings in The Travelers Companies were worth $4,322,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in TRV. Somerset Group LLC raised its holdings in The Travelers Companies by 63.2% in the 1st quarter. Somerset Group LLC now owns 31,942 shares of the insurance provider’s stock valued at $3,042,000 after acquiring an additional 12,373 shares during the last quarter. Norinchukin Bank The raised its holdings in The Travelers Companies by 6.9% in the 1st quarter. Norinchukin Bank The now owns 54,767 shares of the insurance provider’s stock valued at $6,602,000 after acquiring an additional 3,520 shares during the last quarter. Palladium Partners LLC raised its holdings in The Travelers Companies by 3.8% in the 1st quarter. Palladium Partners LLC now owns 100,801 shares of the insurance provider’s stock valued at $12,151,000 after acquiring an additional 3,714 shares during the last quarter. Trexquant Investment LP acquired a new stake in The Travelers Companies in the 1st quarter valued at about $1,085,000. Finally, Lockheed Martin Investment Management Co. acquired a new stake in The Travelers Companies in the 1st quarter valued at about $3,604,000. Institutional investors own 77.48% of the company’s stock.
A number of analysts have commented on TRV shares. BidaskClub upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Bank of America Corporation downgraded shares of The Travelers Companies from a “buy” rating to a “neutral” rating and raised their price target for the stock from $120.62 to $129.44 in a report on Monday, June 19th. Keefe, Bruyette & Woods restated a “hold” rating on shares of The Travelers Companies in a report on Tuesday, June 20th. Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target for the company in a report on Tuesday, June 27th. Finally, Morgan Stanley restated an “underweight” rating and set a $119.00 price target (up previously from $112.00) on shares of The Travelers Companies in a report on Friday, July 7th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $125.71.
In related news, Vice Chairman William H. Heyman sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $125.79, for a total transaction of $1,761,060.00. Following the completion of the transaction, the insider now owns 253,744 shares of the company’s stock, valued at $31,918,457.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $125.66, for a total transaction of $693,391.88. Following the transaction, the insider now directly owns 82,824 shares of the company’s stock, valued at approximately $10,407,663.84. The disclosure for this sale can be found here. Insiders have sold 128,323 shares of company stock valued at $16,436,703 in the last ninety days. 0.82% of the stock is currently owned by company insiders.
Shares of The Travelers Companies, Inc. (TRV) traded up 0.012% during mid-day trading on Wednesday, hitting $125.955. 99,187 shares of the stock were exchanged. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $130.37. The stock has a market cap of $34.76 billion, a PE ratio of 12.543 and a beta of 1.20. The company has a 50-day moving average of $122.36 and a 200 day moving average of $123.90.
The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data 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 Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same period in the prior year, the firm earned $2.20 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities analysts predict that The Travelers Companies, Inc. will post $7.41 earnings per share for the current year.
The Travelers Companies declared that its Board of Directors has approved a stock repurchase program on Monday, September 11th that authorizes the company to buyback shares. This buyback authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.
The Travelers Companies Profile
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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