Narus Financial Partners LLC increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 2,812 shares of the insurance provider’s stock after buying an additional 1 shares during the period. Narus Financial Partners LLC’s holdings in The Travelers Companies were worth $356,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of The Travelers Companies by 3.0% in the first quarter. Vanguard Group Inc. now owns 21,551,932 shares of the insurance provider’s stock worth $2,597,871,000 after buying an additional 633,510 shares during the last quarter. BlackRock Inc. increased its stake in The Travelers Companies by 2,395.6% in the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock worth $2,459,383,000 after buying an additional 19,585,476 shares during the period. State Street Corp increased its stake in The Travelers Companies by 1.6% in the first quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock worth $2,284,205,000 after buying an additional 304,049 shares during the period. FMR LLC increased its stake in The Travelers Companies by 42.1% in the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock worth $795,148,000 after buying an additional 1,954,573 shares during the period. Finally, AQR Capital Management LLC increased its stake in The Travelers Companies by 9.4% in the first quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock worth $364,779,000 after buying an additional 260,838 shares during the period. 78.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of The Travelers Companies, Inc. (NYSE:TRV) traded down 0.38% during trading on Thursday, reaching $129.66. 601,808 shares of the company were exchanged. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $130.18. The firm’s 50 day moving average price is $127.10 and its 200 day moving average price is $123.01. The company has a market capitalization of $35.78 billion, a PE ratio of 12.91 and a beta of 1.20.
The Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by $0.15. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the prior year, the business earned $2.20 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts forecast that The Travelers Companies, Inc. will post $8.92 earnings per share for the current fiscal year.
The Travelers Companies announced that its Board of Directors has initiated a stock repurchase plan on Thursday, April 20th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the insurance provider to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Thursday, September 7th. The Travelers Companies’s dividend payout ratio is presently 28.77%.
A number of analysts have recently issued reports on the stock. Citigroup Inc. lifted their price objective on shares of The Travelers Companies from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, July 13th. BidaskClub downgraded shares of The Travelers Companies from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Bank of America Corporation downgraded shares of The Travelers Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $120.62 to $129.44 in a report on Monday, June 19th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of The Travelers Companies in a report on Tuesday, June 20th. Finally, Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective on the stock in a report on Tuesday, June 27th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $123.79.
In other news, Vice Chairman William H. Heyman sold 7,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $123.48, for a total transaction of $864,360.00. Following the completion of the sale, the insider now directly owns 246,744 shares of the company’s stock, valued at approximately $30,467,949.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Andy F. Bessette sold 3,300 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $1,285,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 169,412 shares of company stock valued at $21,473,565. 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.
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV).
Receive News & Ratings for The Travelers Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Travelers Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.