Geneva Advisors LLC held its stake in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,645 shares of the insurance provider’s stock at the end of the second quarter. Geneva Advisors LLC’s holdings in The Travelers Companies were worth $461,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of TRV. BlackRock Inc. grew its position in The Travelers Companies by 2,395.6% during the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock valued at $2,459,383,000 after acquiring an additional 19,585,476 shares during the last quarter. FMR LLC grew its position in The Travelers Companies by 42.1% during the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock valued at $795,148,000 after acquiring an additional 1,954,573 shares during the last quarter. Vanguard Group Inc. grew its position in The Travelers Companies by 3.0% during the first quarter. Vanguard Group Inc. now owns 21,551,932 shares of the insurance provider’s stock valued at $2,597,871,000 after acquiring an additional 633,510 shares during the last quarter. Hermes Investment Management Ltd. bought a new position in The Travelers Companies during the second quarter valued at approximately $58,950,000. Finally, WINTON GROUP Ltd grew its position in The Travelers Companies by 191.6% during the first quarter. WINTON GROUP Ltd now owns 695,246 shares of the insurance provider’s stock valued at $79,640,000 after acquiring an additional 456,814 shares during the last quarter. Institutional investors and hedge funds own 77.55% of the company’s stock.
TRV has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated a “buy” rating and set a $126.00 price target on shares of The Travelers Companies in a research report on Monday, May 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $115.00 price target on shares of The Travelers Companies in a research report on Thursday, May 25th. BidaskClub upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Bank of America Corporation cut shares of The Travelers Companies from a “buy” rating to a “neutral” rating and increased their price target for the company from $120.62 to $129.44 in a research report on Monday, June 19th. Finally, Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target on the stock in a research report on Tuesday, June 27th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The Travelers Companies presently has an average rating of “Hold” and a consensus target price of $124.65.
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Shares of The Travelers Companies, Inc. (TRV) opened at 119.76 on Monday. The stock has a market cap of $33.05 billion, a price-to-earnings ratio of 11.93 and a beta of 1.21. The Travelers Companies, Inc. has a 52 week low of $103.45 and a 52 week high of $130.37. The company has a 50-day moving average price of $125.82 and a 200-day moving average price of $123.85.
The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data 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 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 quarter in the previous year, the firm earned $2.20 EPS. The Travelers Companies’s revenue was up 4.7% compared to the same quarter last year. Equities analysts anticipate that The Travelers Companies, Inc. will post $8.89 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Thursday, September 7th. The Travelers Companies’s payout ratio is currently 28.77%.
In other The Travelers Companies news, EVP Kenneth Franklin Spence III sold 4,800 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $128.73, for a total value of $617,904.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $127.49, for a total value of $703,489.82. Following the completion of the sale, the insider now owns 82,824 shares of the company’s stock, valued at $10,559,231.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 150,395 shares of company stock valued at $19,249,559. 0.82% of the stock is owned by company insiders.
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.
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