Boston Advisors LLC reduced its position in shares of The Travelers Cos. (NYSE:TRV) by 6.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,943 shares of the company’s stock after selling 200 shares during the period. Boston Advisors LLC’s holdings in The Travelers Cos. were worth $350,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its position in The Travelers Cos. by 5.1% in the second quarter. Nisa Investment Advisors LLC now owns 154,010 shares of the company’s stock worth $18,333,000 after buying an additional 7,464 shares during the period. James Investment Research Inc. raised its position in The Travelers Cos. by 2.9% in the second quarter. James Investment Research Inc. now owns 839,004 shares of the company’s stock worth $99,875,000 after buying an additional 23,369 shares during the period. Legacy Private Trust Co. raised its position in The Travelers Cos. by 4.6% in the second quarter. Legacy Private Trust Co. now owns 60,095 shares of the company’s stock worth $7,154,000 after buying an additional 2,616 shares during the period. Zurich Insurance Group Ltd FI bought a new position in The Travelers Cos. during the first quarter worth $5,690,000. Finally, Envestnet Asset Management Inc. raised its position in The Travelers Cos. by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 235,251 shares of the company’s stock worth $27,456,000 after buying an additional 857 shares during the period. Institutional investors and hedge funds own 80.13% of the company’s stock.
Shares of The Travelers Cos. (NYSE:TRV) traded up 1.19% on Friday, hitting $114.53. The stock had a trading volume of 1,604,520 shares. The Travelers Cos. has a one year low of $101.23 and a one year high of $119.32. The stock has a market capitalization of $33.02 billion, a PE ratio of 11.02 and a beta of 1.14. The firm’s 50 day moving average is $115.83 and its 200-day moving average is $115.09.
The Travelers Cos. (NYSE:TRV) last announced its quarterly earnings data on Thursday, July 21st. The company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.05. The Travelers Cos. had a return on equity of 13.06% and a net margin of 11.70%. The business earned $6.79 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same period in the previous year, the firm earned $2.52 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities research analysts expect that The Travelers Cos. will post $9.54 earnings per share for the current fiscal year.
The firm also recently announced 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 2.34%. The Travelers Cos.’s payout ratio is 25.92%.
A number of equities analysts recently weighed in on TRV shares. Credit Suisse Group AG set a $111.00 price target on The Travelers Cos. and gave the company a “hold” rating in a research report on Monday, September 12th. Bank of America Corp. raised The Travelers Cos. from a “neutral” rating to a “buy” rating and set a $127.00 price objective for the company in a research note on Tuesday, June 28th. They noted that the move was a valuation call. BMO Capital Markets reissued a “market perform” rating and issued a $120.00 price objective (up from $117.00) on shares of The Travelers Cos. in a research note on Tuesday, July 12th. Zacks Investment Research downgraded The Travelers Cos. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of The Travelers Cos. in a research note on Tuesday, June 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $116.75.
In other The Travelers Cos. news, Vice Chairman Jay S. Benet sold 5,808 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $118.31, for a total value of $687,144.48. Following the completion of the transaction, the insider now directly owns 71,287 shares of the company’s stock, valued at $8,433,964.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 4,246 shares of the business’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $118.98, for a total value of $505,189.08. Following the completion of the transaction, the insider now directly owns 231,500 shares of the company’s stock, valued at $27,543,870. The disclosure for this sale can be found here. 1.34% of the stock is owned by company insiders.
The Travelers Cos. Company Profile
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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