Savant Capital LLC increased its position in shares of The Travelers Cos. (NYSE:TRV) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,691 shares of the company’s stock after buying an additional 191 shares during the period. Savant Capital LLC’s holdings in The Travelers Cos. were worth $677,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Pacad Investment Ltd. bought a new stake in The Travelers Cos. during the first quarter worth about $551,000. Rehmann Capital Advisory Group increased its stake in The Travelers Cos. by 40.3% in the first quarter. Rehmann Capital Advisory Group now owns 2,511 shares of the company’s stock worth $293,000 after buying an additional 721 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA increased its stake in The Travelers Cos. by 11.4% in the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 10,931 shares of the company’s stock worth $1,201,000 after buying an additional 1,115 shares during the last quarter. BlackRock Group LTD increased its stake in The Travelers Cos. by 2.8% in the first quarter. BlackRock Group LTD now owns 2,904,536 shares of the company’s stock worth $338,988,000 after buying an additional 78,262 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in The Travelers Cos. by 0.5% in the first quarter. BlackRock Fund Advisors now owns 4,040,299 shares of the company’s stock worth $471,543,000 after buying an additional 21,685 shares during the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.
The Travelers Cos. (NYSE:TRV) traded down 0.60% during mid-day trading on Tuesday, reaching $112.32. 1,529,719 shares of the company traded hands. The stock has a 50 day moving average price of $116.33 and a 200-day moving average price of $115.15. The Travelers Cos. has a 52-week low of $100.90 and a 52-week high of $119.32. The company has a market capitalization of $32.38 billion, a P/E ratio of 10.81 and a beta of 1.14.
The Travelers Cos. (NYSE:TRV) last released its quarterly earnings data on Thursday, July 21st. The company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.05. The Travelers Cos. had a return on equity of 13.06% and a net margin of 11.70%. The firm had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the prior year, the company posted $2.52 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. Analysts expect that The Travelers Cos. will post $9.51 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were issued a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $2.68 dividend on an annualized basis and a yield of 2.39%. The Travelers Cos.’s dividend payout ratio is currently 25.92%.
TRV has been the subject of a number of recent analyst reports. Macquarie restated an “underperform” rating and issued a $92.00 target price on shares of The Travelers Cos. in a report on Wednesday, June 8th. Citigroup Inc. restated a “neutral” rating on shares of The Travelers Cos. in a report on Tuesday, June 21st. Bank of America Corp. upgraded shares of The Travelers Cos. from a “neutral” rating to a “buy” rating and set a $127.00 price objective for the company in a research note on Tuesday, June 28th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of The Travelers Cos. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $120.00 price objective (up from $117.00) on shares of The Travelers Cos. in a research note on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $116.75.
In related news, Vice Chairman William H. Heyman sold 4,246 shares of the stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $118.98, for a total value of $505,189.08. Following the transaction, the insider now owns 231,500 shares in the company, valued at $27,543,870. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Jay S. Benet sold 5,797 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $116.64, for a total value of $676,162.08. Following the completion of the transaction, the insider now owns 71,352 shares in the company, valued at approximately $8,322,497.28. The disclosure for this sale can be found here. 1.34% of the stock is owned by corporate insiders.
The Travelers Cos. Company Profile
The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.
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