Fiduciary Group LLC continued to hold its stake in The Travelers Companies, Inc. (NYSE:TRV) during the first quarter, according to its most recent filing with the SEC. The fund owned 2,366 shares of the insurance provider’s stock at the end of the first quarter. Fiduciary Group LLC’s holdings in The Travelers Companies were worth $285,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. FMR LLC raised its stake in shares of The Travelers Companies by 42.1% in the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock valued at $795,148,000 after buying an additional 1,954,573 shares in the last quarter. WINTON GROUP Ltd raised its position in The Travelers Companies by 191.6% in the first quarter. WINTON GROUP Ltd now owns 695,246 shares of the insurance provider’s stock worth $79,640,000 after buying an additional 456,814 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in The Travelers Companies by 19.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,446,907 shares of the insurance provider’s stock worth $294,950,000 after buying an additional 391,807 shares in the last quarter. Karp Capital Management Corp raised its position in The Travelers Companies by 9,291.9% in the first quarter. Karp Capital Management Corp now owns 374,267 shares of the insurance provider’s stock worth $45,114,000 after buying an additional 370,282 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in The Travelers Companies by 188.2% in the first quarter. BNP Paribas Arbitrage SA now owns 434,529 shares of the insurance provider’s stock worth $52,378,000 after buying an additional 283,750 shares in the last quarter. Hedge funds and other institutional investors own 79.01% of the company’s stock.
Shares of The Travelers Companies, Inc. (TRV) opened at 129.69 on Monday. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $130.00. The stock has a market cap of $35.79 billion, a P/E ratio of 12.91 and a beta of 1.20. The firm has a 50 day moving average of $126.93 and a 200 day moving average of $122.59.
The Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period last year, the company earned $2.20 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that The Travelers Companies, Inc. will post $8.92 EPS for the current fiscal year.
The company also recently declared 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. This represents a $2.88 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is currently 28.77%.
The Travelers Companies declared that its board has authorized a stock repurchase program on Thursday, April 20th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of research analysts have commented on TRV shares. Argus upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research note on Monday, April 24th. Royal Bank Of Canada restated a “buy” rating and issued a $126.00 price objective on shares of The Travelers Companies in a research note on Monday, May 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $115.00 price target on shares of The Travelers Companies in a research note on Thursday, May 25th. BidaskClub upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Bank of America Corporation lowered shares of The Travelers Companies from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $120.62 to $129.44 in a research note on Monday, June 19th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $123.79.
In related news, Vice Chairman William H. Heyman sold 7,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $123.48, for a total value of $864,360.00. Following the sale, the insider now owns 246,744 shares in the company, valued at approximately $30,467,949.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 21,527 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.30, for a total value of $2,783,441.10. Following the completion of the sale, the executive vice president now owns 28,452 shares in the company, valued at approximately $3,678,843.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 163,894 shares of company stock valued at $20,759,812. Insiders own 0.82% of the company’s stock.
The Travelers Companies Company Profile
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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