The Travelers Companies, Inc. (TRV) Position Lifted by Palisade Asset Management LLC

Palisade Asset Management LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 28.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,824 shares of the insurance provider’s stock after purchasing an additional 5,255 shares during the period. Palisade Asset Management LLC’s holdings in The Travelers Companies were worth $2,919,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of The Travelers Companies by 4.9% during the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after purchasing an additional 37 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of The Travelers Companies by 361.1% during the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock valued at $106,000 after purchasing an additional 686 shares in the last quarter. Tradewinds Capital Management LLC lifted its position in shares of The Travelers Companies by 1.1% during the second 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. Intellectus Partners LLC lifted its position in shares of The Travelers Companies by 4.6% during the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after purchasing an additional 41 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its position in shares of The Travelers Companies by 3.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after purchasing an additional 35 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Several analysts have commented on TRV shares. Zacks Investment Research lowered shares of The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. BidaskClub lowered shares of The Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Barclays PLC lifted their price objective 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. Argus lifted their price objective on shares of The Travelers Companies from $139.00 to $145.00 and gave the stock a “positive” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Finally, MKM Partners reaffirmed a “neutral” rating and issued a $130.00 price objective (up previously from $115.00) on shares of The Travelers Companies in a research report on Wednesday, July 26th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $127.71.

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The Travelers Companies, Inc. (NYSE TRV) traded up 1.064% during mid-day trading on Monday, hitting $132.455. 414,769 shares of the stock traded hands. The company’s 50 day moving average price is $125.36 and its 200-day moving average price is $124.75. The stock has a market cap of $36.55 billion, a price-to-earnings ratio of 13.190 and a beta of 1.20. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $134.47.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). The Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The business had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the company earned $2.40 EPS. The Travelers Companies’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts predict that The Travelers Companies, Inc. will post $7.50 earnings per share for the current year.

The Travelers Companies announced that its board has approved a share repurchase program on Monday, September 11th that permits the company to buyback outstanding shares. This buyback authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, December 8th. The Travelers Companies’s dividend payout ratio (DPR) is presently 33.45%.

In other news, EVP Andy F. Bessette sold 3,300 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total value of $424,050.00. Following the transaction, the executive vice president now owns 10,000 shares in the company, valued at approximately $1,285,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John P. Clifford, Jr. sold 3,525 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $129.85, for a total transaction of $457,721.25. Following the completion of the transaction, the executive vice president now owns 9,658 shares in the company, valued at approximately $1,254,091.30. The disclosure for this sale can be found here. Insiders sold a total of 69,236 shares of company stock worth $8,956,655 in the last quarter. Company 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)

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