Meyer Handelman Co. held its position in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,700 shares of the insurance provider’s stock at the end of the second quarter. Meyer Handelman Co.’s holdings in The Travelers Companies were worth $3,378,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of TRV. CWM LLC raised 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 worth $100,000 after buying an additional 37 shares during the period. Westside Investment Management Inc. raised its position 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 during the period. First Personal Financial Services raised its stake in shares of 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 during 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. Institutional investors own 78.24% of the company’s stock.
The Travelers Companies, Inc. (NYSE TRV) traded down 0.23% on Friday, reaching $127.89. 1,246,905 shares of the company were exchanged. 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 price-to-earnings ratio of 12.74 and a beta of 1.20. The Travelers Companies, Inc. has a 52 week low of $103.45 and a 52 week high of $130.37.
The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.07 by $0.15. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.20 earnings per share. Analysts forecast that The Travelers Companies, Inc. will post $8.90 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued 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 dividend yield of 2.25%. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.
Several brokerages recently issued reports on TRV. Keefe, Bruyette & Woods reissued a “hold” rating and set a $115.00 price objective on shares of The Travelers Companies in a report on Thursday, May 25th. BidaskClub lowered shares of The Travelers Companies from a “hold” rating to a “sell” rating in a report on Monday, July 24th. MKM Partners reaffirmed a “neutral” rating and issued a $130.00 price target (up from $115.00) on shares of The Travelers Companies in a report on Wednesday, July 26th. Barclays PLC lifted their price target on shares of 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, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $126.00 price target on shares of The Travelers Companies in a report on Monday, May 22nd. 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 stock. The company presently has an average rating of “Hold” and an average price target of $124.01.
In related news, EVP Andy F. Bessette sold 3,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total value of $424,050.00. Following the completion of the sale, the executive vice president now directly owns 10,000 shares in the company, valued at $1,285,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kenneth Franklin Spence III sold 4,800 shares of the business’s 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 194,303 shares of company stock valued at $24,702,936. 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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