Shelton Capital Management Invests $436,000 in The Travelers Companies, Inc. (TRV) Stock

Shelton Capital Management bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 3,445 shares of the insurance provider’s stock, valued at approximately $436,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CWM LLC grew its holdings in shares of The Travelers Companies by 4.9% in the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after acquiring an additional 37 shares during the period. Westside Investment Management Inc. grew its holdings in shares of The Travelers Companies by 361.1% in the 1st quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after acquiring an additional 686 shares during the period. Tradewinds Capital Management LLC grew its holdings in shares of The Travelers Companies by 1.1% in the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after acquiring an additional 10 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in shares of The Travelers Companies by 3.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock worth $126,000 after acquiring an additional 35 shares during the period. Finally, Omnia Family Wealth LLC grew its holdings in shares of The Travelers Companies by 4.7% in the 2nd quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock worth $128,000 after acquiring an additional 46 shares during the period. Institutional investors own 77.48% of the company’s stock.

A number of equities research analysts recently weighed in on TRV shares. MKM Partners restated a “neutral” rating and issued a $130.00 price target (up previously from $115.00) on shares of The Travelers Companies in a report on Wednesday, July 26th. Wells Fargo & Company restated a “hold” rating and issued a $125.00 price target on shares of The Travelers Companies in a report on Tuesday, September 12th. Credit Suisse Group lowered their price target on The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, September 12th. Zacks Investment Research cut The Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Finally, Citigroup Inc. restated a “buy” rating and issued a $148.00 price target (down previously from $150.00) on shares of The Travelers Companies in a report on Monday, July 24th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The Travelers Companies has a consensus rating of “Hold” and a consensus price target of $125.71.

In other The Travelers Companies news, EVP Kenneth Franklin Spence III sold 4,800 shares of The Travelers Companies stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $128.73, for a total transaction of $617,904.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Jay S. Benet sold 5,518 shares of The Travelers Companies stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $125.66, for a total transaction of $693,391.88. Following the transaction, the insider now owns 82,824 shares in the company, valued at $10,407,663.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,323 shares of company stock worth $16,436,703. 0.82% of the stock is currently owned by company insiders.

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Shares of The Travelers Companies, Inc. (NYSE:TRV) opened at 125.94 on Wednesday. The firm’s 50-day moving average price is $122.36 and its 200-day moving average price is $123.90. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $130.37. The firm has a market cap of $34.75 billion, a PE ratio of 12.54 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by ($0.15). The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.20 EPS. Equities research analysts expect that The Travelers Companies, Inc. will post $7.41 earnings per share for the current fiscal year.

The Travelers Companies declared that its board has authorized a stock repurchase program on Monday, September 11th that permits the company to buyback outstanding shares. This buyback authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a $0.72 dividend. The ex-dividend date was Thursday, September 7th. This represents a $2.88 annualized dividend and a yield of 2.29%. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.

The Travelers Companies 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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Institutional Ownership by Quarter for The Travelers Companies (NYSE:TRV)

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