APG Asset Management N.V. Continues to Hold Position in The Travelers Companies, Inc. (TRV)

APG Asset Management N.V. maintained its stake in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, Holdings Channel reports. The institutional investor owned 2,430,345 shares of the insurance provider’s stock at the end of the second quarter. APG Asset Management N.V.’s holdings in The Travelers Companies were worth $307,512,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. CWM LLC increased its stake in The Travelers Companies by 4.9% in the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after buying an additional 37 shares in the last quarter. Westside Investment Management Inc. increased its stake in The Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock valued at $106,000 after buying an additional 686 shares in the last quarter. First Personal Financial Services increased its stake in The Travelers Companies by 133.3% in the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock valued at $107,000 after buying an additional 508 shares in the last quarter. Liberty Capital Management Inc. increased its stake in The Travelers Companies by 434.8% in the second quarter. Liberty Capital Management Inc. now owns 1,230 shares of the insurance provider’s stock valued at $154,000 after buying an additional 1,000 shares in the last quarter. Finally, Bartlett & Co. LLC increased its stake in The Travelers Companies by 30.0% in the first quarter. Bartlett & Co. LLC now owns 1,399 shares of the insurance provider’s stock valued at $169,000 after buying an additional 323 shares in the last quarter. 79.01% of the stock is owned by institutional investors.

The Travelers Companies, Inc. (NYSE TRV) traded up 0.64% during trading on Thursday, reaching $129.55. 390,311 shares of the company traded hands. The company has a market cap of $35.75 billion, a PE ratio of 12.90 and a beta of 1.20. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $129.61. The company’s 50-day moving average is $126.93 and its 200 day moving average is $122.59.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the Zacks’ consensus estimate of $2.07 by $0.15. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same period last year, the firm earned $2.20 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts anticipate that The Travelers Companies, Inc. will post $8.92 earnings per share for the current year.

The Travelers Companies announced that its board has authorized a share buyback program on Thursday, April 20th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a dividend of $0.72 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.24%. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.

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Several analysts have commented on TRV shares. Vetr raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price for the company in a research report on Monday, July 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $126.00 target price on shares of The Travelers Companies in a research report on Monday, May 22nd. Argus raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research report on Monday, April 24th. Citigroup Inc. boosted their target price on shares of The Travelers Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, April 7th. Finally, BidaskClub raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $123.79.

In other The Travelers Companies news, Vice Chairman William H. Heyman sold 7,000 shares of The Travelers Companies stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $123.48, for a total transaction of $864,360.00. Following the completion of the transaction, the insider now directly owns 246,744 shares of the company’s stock, valued at $30,467,949.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Jay S. Benet sold 5,518 shares of The Travelers Companies stock in a transaction on Monday, June 19th. The stock was sold at an average price of $128.72, for a total transaction of $710,276.96. Following the transaction, the insider now directly owns 82,824 shares of the company’s stock, valued at $10,661,105.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 141,867 shares of company stock valued at $17,864,430. 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.

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