Clean Yield Group increased its position in shares of The Travelers Cos. (NYSE:TRV) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,535 shares of the company’s stock after buying an additional 75 shares during the period. Clean Yield Group’s holdings in The Travelers Cos. were worth $183,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. BlackRock Fund Advisors increased its position in shares of The Travelers Cos. by 0.5% in the first quarter. BlackRock Fund Advisors now owns 4,040,299 shares of the company’s stock worth $471,543,000 after buying an additional 21,685 shares during the last quarter. Bank of Montreal Can bought a new position in shares of The Travelers Cos. during the second quarter worth approximately $374,228,000. BlackRock Group LTD increased its position in shares of The Travelers Cos. by 2.8% in the first quarter. BlackRock Group LTD now owns 2,904,536 shares of the company’s stock worth $338,988,000 after buying an additional 78,262 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of The Travelers Cos. by 32.7% in the first quarter. UBS Asset Management Americas Inc. now owns 2,236,907 shares of the company’s stock worth $261,070,000 after buying an additional 551,568 shares during the last quarter. Finally, Marathon Asset Management LLP increased its position in shares of The Travelers Cos. by 2.0% in the second quarter. Marathon Asset Management LLP now owns 1,138,351 shares of the company’s stock worth $135,507,000 after buying an additional 21,815 shares during the last quarter. Institutional investors own 80.13% of the company’s stock.
The Travelers Cos. (NYSE:TRV) traded down 1.35% on Monday, hitting $113.00. The company’s stock had a trading volume of 1,234,620 shares. The company has a market capitalization of $32.58 billion, a P/E ratio of 10.88 and a beta of 1.14. The company has a 50 day moving average price of $116.33 and a 200-day moving average price of $115.15. The Travelers Cos. has a 1-year low of $100.90 and a 1-year high of $119.32.
The Travelers Cos. (NYSE:TRV) last announced its quarterly earnings data on Thursday, July 21st. The company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.05. The Travelers Cos. had a net margin of 11.70% and a return on equity of 13.06%. The firm had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same period last year, the firm earned $2.52 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts forecast that The Travelers Cos. will post $9.51 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were paid a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $2.68 dividend on an annualized basis and a yield of 2.37%. The Travelers Cos.’s payout ratio is presently 25.92%.
TRV has been the subject of a number of research reports. Barclays PLC restated an “equal weight” rating and issued a $109.00 target price (up from $105.00) on shares of The Travelers Cos. in a research note on Saturday. Macquarie reiterated an “underperform” rating and set a $92.00 price objective on shares of The Travelers Cos. in a research report on Wednesday, June 8th. Bank of America Corp. upgraded The Travelers Cos. from a “neutral” rating to a “buy” rating and set a $127.00 price objective for the company in a research report on Tuesday, June 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded The Travelers Cos. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $125.00 price objective (up from $120.00) on shares of The Travelers Cos. in a research report on Sunday, July 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $116.75.
In other news, CFO Jay S. Benet sold 5,797 shares of The Travelers Cos. stock in a transaction on Monday, July 11th. The shares were sold at an average price of $118.12, for a total transaction of $684,741.64. Following the transaction, the chief financial officer now directly owns 71,352 shares of the company’s stock, valued at $8,428,098.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 4,246 shares of The Travelers Cos. stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $118.98, for a total transaction of $505,189.08. Following the transaction, the insider now directly owns 231,500 shares in the company, valued at $27,543,870. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by company insiders.
About The Travelers Cos.
The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.
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