M&R Capital Management Inc. Holds Position in The Travelers Companies, Inc. (TRV)

M&R Capital Management Inc. held its position in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,184 shares of the insurance provider’s stock at the end of the 2nd quarter. M&R Capital Management Inc.’s holdings in The Travelers Companies were worth $664,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC raised its holdings in shares of The Travelers Companies by 1.1% in the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 10 shares in the last quarter. Community Bank N.A. raised its holdings in shares of The Travelers Companies by 0.7% in the 2nd quarter. Community Bank N.A. now owns 1,435 shares of the insurance provider’s stock valued at $181,000 after purchasing an additional 10 shares in the last quarter. First Business Financial Services Inc. raised its holdings in shares of The Travelers Companies by 0.5% in the 2nd quarter. First Business Financial Services Inc. now owns 4,362 shares of the insurance provider’s stock valued at $552,000 after purchasing an additional 20 shares in the last quarter. Northern Oak Wealth Management Inc. raised its holdings in shares of The Travelers Companies by 0.5% in the 1st quarter. Northern Oak Wealth Management Inc. now owns 4,873 shares of the insurance provider’s stock valued at $587,000 after purchasing an additional 23 shares in the last quarter. Finally, Lee Danner & Bass Inc. raised its holdings in shares of The Travelers Companies by 0.4% in the 2nd quarter. Lee Danner & Bass Inc. now owns 6,574 shares of the insurance provider’s stock valued at $832,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 77.48% of the company’s stock.

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A number of brokerages have recently weighed in on TRV. Barclays PLC raised 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 report on Friday, August 11th. BidaskClub lowered shares of The Travelers Companies from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective on the stock in a report on Tuesday, June 27th. Zacks Investment Research lowered shares of The Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Finally, Bank of America Corporation lowered shares of The Travelers Companies from a “buy” rating to a “neutral” rating and raised their price objective for the company from $120.62 to $129.44 in a report on Monday, June 19th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $125.71.

Shares of The Travelers Companies, Inc. (NYSE TRV) traded up 0.71% on Friday, reaching $126.84. 134,307 shares of the company’s stock traded hands. The Travelers Companies, Inc. has a 52 week low of $103.45 and a 52 week high of $130.37. The stock has a market capitalization of $35.00 billion, a PE ratio of 12.63 and a beta of 1.20. The company has a 50 day moving average of $122.26 and a 200-day moving average of $123.93.

The Travelers Companies (NYSE:TRV) last issued its earnings results 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 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 firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company posted $2.20 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post $7.37 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.29%. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.

The Travelers Companies announced that its Board of Directors has authorized a share buyback program on Monday, September 11th that allows the company to buyback outstanding shares. This buyback authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

In other The Travelers Companies news, Vice Chairman William H. Heyman sold 24,000 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the sale, the insider now directly owns 253,744 shares of the company’s stock, valued at $32,134,140.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the stock in a transaction 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 sale, the insider now directly owns 82,824 shares in the company, valued at $10,407,663.84. The disclosure for this sale can be found here. Insiders have sold 128,323 shares of company stock worth $16,436,703 over the last three months. 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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