The Travelers Companies, Inc. (NYSE:TRV) Stake Held by Foresters Investment Management Company Inc.

Foresters Investment Management Company Inc. maintained its position in The Travelers Companies, Inc. (NYSE:TRV) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,200 shares of the insurance provider’s stock at the end of the first quarter. Foresters Investment Management Company Inc.’s holdings in The Travelers Companies were worth $4,002,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. increased its position in shares of The Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock valued at $106,000 after buying an additional 686 shares during the last quarter. First Personal Financial Services increased its position in shares of The Travelers Companies by 133.3% in the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock valued at $107,000 after buying an additional 508 shares during the last quarter. Bartlett & Co. LLC increased its position in shares of The Travelers Companies by 30.0% in the first quarter. Bartlett & Co. LLC now owns 1,399 shares of the insurance provider’s stock valued at $169,000 after buying an additional 323 shares during the last quarter. 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. Finally, Community Bank N.A. increased its position in shares of The Travelers Companies by 39.0% in the first quarter. Community Bank N.A. now owns 1,425 shares of the insurance provider’s stock valued at $172,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.

Shares of The Travelers Companies, Inc. (NYSE:TRV) traded up 0.33% during midday trading on Wednesday, hitting $129.47. The company had a trading volume of 1,424,061 shares. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $130.37. The stock has a market capitalization of $35.73 billion, a price-to-earnings ratio of 12.89 and a beta of 1.20. The stock’s 50-day moving average price is $127.19 and its 200-day moving average price is $123.37.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.07 by $0.15. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the previous year, the business posted $2.20 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Analysts predict that The Travelers Companies, Inc. will post $8.90 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.72 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.22%. The Travelers Companies’s payout ratio is currently 28.77%.

The Travelers Companies announced that its Board of Directors has approved a stock buyback plan on Thursday, April 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

TRADEMARK VIOLATION WARNING: “The Travelers Companies, Inc. (NYSE:TRV) Stake Held by Foresters Investment Management Company Inc.” was originally posted by BBNS and is the sole property of of BBNS. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://baseballnewssource.com/markets/foresters-investment-management-company-inc-holds-stake-in-the-travelers-companies-inc-nysetrv-updated-updated-updated/1253453.html.

TRV has been the subject of several research analyst reports. MKM Partners reiterated a “neutral” rating and issued a $130.00 price objective (up previously from $115.00) on shares of The Travelers Companies in a research report on Wednesday, July 26th. Argus upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Monday, April 24th. Royal Bank Of Canada reiterated a “buy” rating and issued a $126.00 price objective on shares of The Travelers Companies in a research report on Monday, May 22nd. Citigroup Inc. reissued a “buy” rating and issued a $148.00 target price (down from $150.00) on shares of The Travelers Companies in a research note on Monday, July 24th. Finally, Barclays PLC lifted their target price on The Travelers Companies from $119.00 to $122.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $124.01.

In other The Travelers Companies news, EVP Andy F. Bessette sold 3,300 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $128.50, for a total transaction of $424,050.00. Following the completion of the sale, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $1,285,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 7,000 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $123.48, for a total value of $864,360.00. Following the sale, the insider now owns 246,744 shares of the company’s stock, valued at $30,467,949.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 194,303 shares of company stock valued at $24,702,936. Company 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)

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 our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns


Leave a Reply

 
© 2006-2017 BBNS.