Richard Bernstein Advisors LLC Lowers Position in Travelers Companies Inc (TRV)

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Richard Bernstein Advisors LLC reduced its stake in Travelers Companies Inc (NYSE:TRV) by 32.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,511 shares of the insurance provider’s stock after selling 14,503 shares during the period. Richard Bernstein Advisors LLC’s holdings in Travelers Companies were worth $3,733,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Squar Milner Financial Services LLC purchased a new stake in shares of Travelers Companies during the second quarter worth about $100,000. Landaas & Co. WI ADV bought a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $108,000. Acadian Asset Management LLC bought a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $112,000. American National Bank bought a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $117,000. Finally, Summit Trail Advisors LLC lifted its stake in shares of Travelers Companies by 13,364.7% in the 1st quarter. Summit Trail Advisors LLC now owns 121,182 shares of the insurance provider’s stock valued at $121,000 after purchasing an additional 120,282 shares during the last quarter. 79.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TRV stock traded up $1.18 on Friday, hitting $130.01. The company had a trading volume of 1,162,068 shares, compared to its average volume of 1,227,593. The stock has a market cap of $33.97 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.00 and a beta of 1.26. Travelers Companies Inc has a twelve month low of $119.48 and a twelve month high of $150.55. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, July 19th. The insurance provider reported $1.81 earnings per share for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.62). The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.35 billion. Travelers Companies had a return on equity of 8.84% and a net margin of 6.89%. sell-side analysts anticipate that Travelers Companies Inc will post 9.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Monday, September 10th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, September 7th. This represents a $3.08 annualized dividend and a yield of 2.37%. Travelers Companies’s dividend payout ratio (DPR) is currently 42.31%.

In other news, EVP Andy F. Bessette sold 8,892 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $130.78, for a total value of $1,162,895.76. Following the completion of the sale, the executive vice president now directly owns 10,551 shares in the company, valued at $1,379,859.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Jay S. Benet sold 8,876 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $132.00, for a total value of $1,171,632.00. Following the completion of the transaction, the insider now owns 94,176 shares of the company’s stock, valued at $12,431,232. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.

A number of equities research analysts recently issued reports on the company. Wells Fargo & Co reissued a “hold” rating and set a $142.00 price target on shares of Travelers Companies in a research note on Thursday, May 24th. ValuEngine lowered Travelers Companies from a “hold” rating to a “sell” rating in a research report on Monday, June 18th. Barclays decreased their target price on Travelers Companies from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, July 9th. Citigroup set a $144.00 price target on Travelers Companies and gave the company a “buy” rating in a report on Thursday, July 12th. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $130.00 price target on shares of Travelers Companies in a report on Friday, July 13th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $137.93.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

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

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