McQueen Ball & Associates Inc. Has $2.29 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

McQueen Ball & Associates Inc. raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,060 shares of the insurance provider’s stock after buying an additional 112 shares during the period. The Travelers Companies accounts for 1.5% of McQueen Ball & Associates Inc.’s portfolio, making the stock its 19th largest position. McQueen Ball & Associates Inc.’s holdings in The Travelers Companies were worth $2,285,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bank acquired a new position in The Travelers Companies during the first quarter worth $564,000. Tompkins Financial Corp increased its position in The Travelers Companies by 0.3% in the first quarter. Tompkins Financial Corp now owns 21,796 shares of the insurance provider’s stock worth $2,544,000 after buying an additional 60 shares during the period. BLB&B Advisors LLC increased its position in The Travelers Companies by 1.9% in the first quarter. BLB&B Advisors LLC now owns 5,402 shares of the insurance provider’s stock worth $651,000 after buying an additional 100 shares during the period. Atria Investments LLC increased its position in The Travelers Companies by 8.9% in the first quarter. Atria Investments LLC now owns 22,060 shares of the insurance provider’s stock worth $2,659,000 after buying an additional 1,812 shares during the period. Finally, TNB Financial acquired a new position in The Travelers Companies during the first quarter worth $358,000. 78.24% of the stock is owned by institutional investors and hedge funds.

Shares of The Travelers Companies, Inc. (NYSE:TRV) opened at 127.89 on Friday. The Travelers Companies, Inc. has a 52 week low of $103.45 and a 52 week high of $130.37. The firm has a 50-day moving average of $127.31 and a 200 day moving average of $123.52. The firm has a market cap of $35.29 billion, a PE ratio of 12.74 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the 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 quarter in the previous year, the business posted $2.20 earnings per share. The Travelers Companies’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts predict that The Travelers Companies, Inc. will post $8.90 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 paid a dividend of $0.72 per share. The ex-dividend date of this dividend 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 is currently 28.77%.

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A number of research firms recently weighed in on TRV. Barclays PLC raised their target price on shares of The Travelers Companies from $119.00 to $122.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. Bank of America Corporation downgraded shares of The Travelers Companies from a “buy” rating to a “neutral” rating and raised their target price for the company from $120.62 to $129.44 in a research report on Monday, June 19th. BidaskClub raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of The Travelers Companies in a research report on Tuesday, June 20th. Finally, MKM Partners reissued a “neutral” rating and issued a $130.00 price objective (up previously from $115.00) on shares of The Travelers Companies in a research report on Wednesday, July 26th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $124.01.

In related news, Vice Chairman William H. Heyman sold 7,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 246,744 shares of the company’s stock, valued at approximately $30,467,949.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $124.38, for a total value of $995,040.00. Following the sale, the insider now directly owns 241,744 shares in the company, valued at $30,068,118.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 194,303 shares of company stock valued at $24,702,936. Corporate insiders own 0.82% of the company’s stock.

About The Travelers Companies

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.

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

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