Benjamin F. Edwards & Company Inc. increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,179 shares of the insurance provider’s stock after buying an additional 205 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in The Travelers Companies were worth $782,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mn Services Vermogensbeheer B.V. increased its stake in shares of The Travelers Companies by 0.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 7,576 shares of the insurance provider’s stock worth $854,000 after buying an additional 67 shares during the period. Culbertson A N & Co. Inc. increased its stake in shares of The Travelers Companies by 0.4% in the first quarter. Culbertson A N & Co. Inc. now owns 23,888 shares of the insurance provider’s stock worth $2,879,000 after buying an additional 100 shares during the period. Nationwide Fund Advisors increased its stake in shares of The Travelers Companies by 15.0% in the first quarter. Nationwide Fund Advisors now owns 91,597 shares of the insurance provider’s stock worth $11,041,000 after buying an additional 11,921 shares during the period. Nippon Life Insurance Co. increased its stake in shares of The Travelers Companies by 11.7% in the first quarter. Nippon Life Insurance Co. now owns 12,965 shares of the insurance provider’s stock worth $1,563,000 after buying an additional 1,359 shares during the period. Finally, Abner Herrman & Brock LLC increased its stake in shares of The Travelers Companies by 0.6% in the first quarter. Abner Herrman & Brock LLC now owns 66,963 shares of the insurance provider’s stock worth $8,072,000 after buying an additional 373 shares during the period. Hedge funds and other institutional investors own 78.24% of the company’s stock.
Shares of The Travelers Companies, Inc. (TRV) opened at 127.89 on Friday. The stock has a 50 day moving average price of $127.31 and a 200 day moving average price of $123.52. The stock has a market capitalization of $35.29 billion, a P/E ratio of 12.74 and a beta of 1.20. The Travelers Companies, Inc. has a 12-month low of $103.45 and a 12-month high of $130.37.
The Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (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 business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the business earned $2.20 EPS. The business’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts anticipate that The Travelers Companies, Inc. will post $8.90 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.25%. The Travelers Companies’s dividend payout ratio is currently 28.77%.
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A number of brokerages have issued reports on TRV. BidaskClub downgraded The Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Vetr raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target for the company in a report on Tuesday, June 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $115.00 price target on shares of The Travelers Companies in a report on Thursday, May 25th. Barclays PLC lifted their price target on The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. Finally, Bank of America Corporation downgraded The Travelers Companies from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $120.62 to $129.44 in a report 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 given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $124.01.
In other The Travelers Companies news, EVP Kenneth Franklin Spence III sold 4,800 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $128.73, for a total value of $617,904.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Douglas K. Russell sold 9,686 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $123.00, for a total transaction of $1,191,378.00. Following the completion of the transaction, the senior vice president now directly owns 29,267 shares in the company, valued at approximately $3,599,841. The disclosure for this sale can be found here. Insiders sold 194,303 shares of company stock worth $24,702,936 in the last three months. 0.82% of the stock is currently owned by corporate insiders.
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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