Guardian Capital Advisors LP Sells 2,355 Shares of The Travelers Companies, Inc. (TRV)

Guardian Capital Advisors LP lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 8.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,900 shares of the insurance provider’s stock after selling 2,355 shares during the period. Guardian Capital Advisors LP’s holdings in The Travelers Companies were worth $3,249,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Tradewinds Capital Management LLC grew its position in The Travelers Companies by 1.1% during the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after acquiring an additional 10 shares during the last quarter. Community Bank N.A. grew its position in The Travelers Companies by 0.7% during the 2nd quarter. Community Bank N.A. now owns 1,435 shares of the insurance provider’s stock worth $181,000 after acquiring an additional 10 shares during the last quarter. First Business Financial Services Inc. grew its position in shares of The Travelers Companies by 0.5% in the 2nd quarter. First Business Financial Services Inc. now owns 4,362 shares of the insurance provider’s stock valued at $552,000 after buying an additional 20 shares during the last quarter. Northern Oak Wealth Management Inc. grew its position in shares of The Travelers Companies by 0.5% in the 1st 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, Lee Danner & Bass Inc. grew its position in shares of The Travelers Companies by 0.4% in the 2nd quarter. Lee Danner & Bass Inc. now owns 6,574 shares of the insurance provider’s stock valued at $832,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 77.40% of the company’s stock.

TRV has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $135.00 price target on shares of The Travelers Companies in a research report on Monday, August 21st. Citigroup Inc. reduced their price target on The Travelers Companies from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, October 2nd. Credit Suisse Group reduced their price target on The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 12th. Zacks Investment Research upgraded The Travelers Companies from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. Finally, ValuEngine upgraded The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $125.71.

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The Travelers Companies, Inc. (NYSE TRV) opened at 128.82 on Tuesday. The firm has a market capitalization of $35.55 billion, a P/E ratio of 12.83 and a beta of 1.20. The company’s 50-day moving average price is $122.17 and its 200-day moving average price is $124.01. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $130.37.

The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by ($0.15). The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 earnings per share. Equities research analysts expect that The Travelers Companies, Inc. will post $7.30 earnings per share for the current fiscal year.

The Travelers Companies declared that its Board of Directors has authorized a share repurchase program on Monday, September 11th that permits the company to repurchase shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $2.88 annualized dividend and a dividend yield of 2.24%. The Travelers Companies’s payout ratio is 28.77%.

In other news, EVP Andy F. Bessette sold 3,300 shares of The Travelers Companies stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total transaction of $424,050.00. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at $1,285,000. 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 16,566 shares of The Travelers Companies stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $130.01, for a total transaction of $2,153,745.66. Following the transaction, the insider now owns 93,872 shares of the company’s stock, valued at $12,204,298.72. The disclosure for this sale can be found here. Insiders have sold 122,805 shares of company stock valued at $15,743,311 over the last quarter. Company 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.

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

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