Sentinel Trust Co. LBA Boosts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Sentinel Trust Co. LBA raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,934 shares of the insurance provider’s stock after buying an additional 268 shares during the period. Sentinel Trust Co. LBA’s holdings in The Travelers Companies were worth $1,130,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Balasa Dinverno & Foltz LLC increased its position in shares of The Travelers Companies by 0.3% in the first quarter. Balasa Dinverno & Foltz LLC now owns 3,448 shares of the insurance provider’s stock valued at $416,000 after buying an additional 9 shares during the last quarter. American Economic Planning Group Inc. ADV increased its position in shares of The Travelers Companies by 0.6% in the first quarter. American Economic Planning Group Inc. ADV now owns 2,529 shares of the insurance provider’s stock valued at $305,000 after buying an additional 15 shares during the last quarter. Dubuque Bank & Trust Co. increased its position in shares of The Travelers Companies by 0.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,970 shares of the insurance provider’s stock valued at $479,000 after buying an additional 23 shares during the last quarter. Northern Oak Wealth Management Inc. increased its position in shares of The Travelers Companies by 0.5% in the first quarter. Northern Oak Wealth Management Inc. now owns 4,873 shares of the insurance provider’s stock valued at $587,000 after buying an additional 23 shares during the last quarter. Finally, Balentine LLC increased its position in shares of The Travelers Companies by 2.0% in the first quarter. Balentine LLC now owns 1,404 shares of the insurance provider’s stock valued at $169,000 after buying an additional 27 shares during the last quarter. 78.95% of the stock is currently owned by institutional investors.

The Travelers Companies, Inc. (TRV) traded down 0.14% during midday trading on Tuesday, hitting $128.62. 777,362 shares of the stock traded hands. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $129.60. The firm has a market cap of $35.49 billion, a P/E ratio of 12.81 and a beta of 1.20. The company has a 50-day moving average price of $126.93 and a 200-day moving average price of $122.59.

The Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.07 by $0.15. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The Travelers Companies’s 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 predict that The Travelers Companies, Inc. will post $8.92 EPS for the current year.

The Travelers Companies declared that its board has approved a share buyback plan on Thursday, April 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.

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TRV has been the topic of several recent analyst reports. MKM Partners reissued a “neutral” rating and set a $130.00 price objective (up previously from $115.00) on shares of The Travelers Companies in a research note on Wednesday, July 26th. Argus raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research note on Monday, April 24th. Royal Bank Of Canada reissued a “buy” rating and set a $126.00 price objective on shares of The Travelers Companies in a research note on Monday, May 22nd. Citigroup Inc. reissued a “buy” rating and set a $148.00 price objective (down previously from $150.00) on shares of The Travelers Companies in a research note on Monday, July 24th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $115.00 price objective on shares of The Travelers Companies in a research note on Thursday, May 25th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The Travelers Companies has an average rating of “Hold” and an average price target of $123.79.

In other The Travelers Companies news, EVP Gregory C. Toczydlowski sold 21,527 shares of The Travelers Companies stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $129.30, for a total value of $2,783,441.10. Following the completion of the sale, the executive vice president now directly owns 28,452 shares in the company, valued at $3,678,843.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 6,000 shares of The Travelers Companies stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $129.50, for a total transaction of $777,000.00. Following the completion of the sale, the insider now owns 245,744 shares of the company’s stock, valued at $31,823,848. The disclosure for this sale can be found here. Insiders sold 163,894 shares of company stock valued at $20,759,812 over the last quarter. 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.

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

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