HighTower Advisors LLC increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 54.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,860 shares of the insurance provider’s stock after buying an additional 29,678 shares during the period. HighTower Advisors LLC’s holdings in The Travelers Companies were worth $10,107,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. First Manhattan Co. increased its stake in The Travelers Companies by 3.9% in the first quarter. First Manhattan Co. now owns 190,036 shares of the insurance provider’s stock worth $21,768,000 after buying an additional 7,216 shares during the last quarter. Teza Capital Management LLC bought a new stake in The Travelers Companies during the first quarter worth about $1,637,000. Lincoln National Corp bought a new stake in The Travelers Companies during the first quarter worth about $275,000. Janney Montgomery Scott LLC increased its stake in The Travelers Companies by 5.4% in the first quarter. Janney Montgomery Scott LLC now owns 174,890 shares of the insurance provider’s stock worth $21,081,000 after buying an additional 8,909 shares during the last quarter. Finally, Great Lakes Advisors LLC increased its stake in The Travelers Companies by 50.7% in the first quarter. Great Lakes Advisors LLC now owns 109,810 shares of the insurance provider’s stock worth $13,236,000 after buying an additional 36,923 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.
The Travelers Companies, Inc. (NYSE:TRV) opened at 127.89 on Friday. The company has a 50-day moving average of $127.31 and a 200-day moving average of $123.52. The firm has a market capitalization of $35.29 billion, a price-to-earnings ratio of 12.74 and a beta of 1.20. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $130.37.
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 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 the consensus estimate of $6.31 billion. During the same period last year, the company posted $2.20 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts predict that The Travelers Companies, Inc. will post $8.90 earnings per share for the current year.
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 issued a $0.72 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 annualized dividend and a dividend yield of 2.25%. The Travelers Companies’s dividend payout ratio is currently 28.77%.
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TRV has been the subject of a number of research analyst reports. Argus upgraded 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. Royal Bank Of Canada restated a “buy” rating and set a $126.00 price target on shares of The Travelers Companies in a report on Monday, May 22nd. Citigroup Inc. restated a “buy” rating and set a $148.00 price target (down previously from $150.00) on shares of The Travelers Companies in a report on Monday, July 24th. Morgan Stanley restated an “underweight” rating and set a $119.00 price target (up previously from $112.00) on shares of The Travelers Companies in a report on Friday, July 7th. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of The Travelers Companies in a report on Tuesday, June 20th. Five 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’s stock. The company currently has an average rating of “Hold” and an average price target of $124.01.
In other The Travelers Companies news, SVP Douglas K. Russell sold 9,686 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $123.00, for a total value of $1,191,378.00. Following the transaction, the senior vice president now directly owns 29,267 shares in the company, valued at $3,599,841. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 7,000 shares of the company’s 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 owns 246,744 shares in the company, valued at $30,467,949.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 194,303 shares of company stock worth $24,702,936. Corporate 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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