The Travelers Companies, Inc. (TRV) Position Decreased by PGGM Investments

PGGM Investments lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 184,619 shares of the insurance provider’s stock after selling 1,856 shares during the period. PGGM Investments owned 0.07% of The Travelers Companies worth $23,360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TRV. CWM LLC boosted its position in The Travelers Companies by 4.9% in the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after buying an additional 37 shares during the period. Westside Investment Management Inc. boosted its position in 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 period. First Personal Financial Services boosted its position in 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 period. Liberty Capital Management Inc. boosted its position in The Travelers Companies by 434.8% in the second quarter. Liberty Capital Management Inc. now owns 1,230 shares of the insurance provider’s stock valued at $154,000 after buying an additional 1,000 shares during the period. Finally, Bartlett & Co. LLC boosted its position in 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 period. Hedge funds and other institutional investors own 78.24% of the company’s stock.

The Travelers Companies, Inc. (NYSE:TRV) traded down 0.23% during mid-day trading on Friday, hitting $127.89. 1,246,905 shares of the stock traded hands. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $130.37. The stock has a market cap of $35.29 billion, a price-to-earnings ratio of 12.74 and a beta of 1.20. The company’s 50 day moving average price is $127.31 and its 200-day moving average price is $123.52.

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 analysts’ consensus estimates of $2.07 by $0.15. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.20 EPS. Analysts predict that The Travelers Companies, Inc. will post $8.90 earnings per share for the current year.

The Travelers Companies announced that its board has approved a share repurchase program on Thursday, April 20th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

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 $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s payout ratio is 28.77%.

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TRV has been the topic of several analyst reports. 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 report on Monday, July 3rd. Royal Bank Of Canada restated a “buy” rating and set a $126.00 price target on shares of The Travelers Companies in a report on Monday, May 22nd. Argus upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a report on Monday, April 24th. BidaskClub upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Citigroup Inc. restated a “buy” rating and set a $148.00 price target (down from $150.00) on shares of The Travelers Companies in a report on Monday, July 24th. Five analysts have rated the stock with a sell rating, seven 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 $124.01.

In other The Travelers Companies news, Vice Chairman William H. Heyman sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $124.38, for a total transaction of $995,040.00. Following the sale, the insider now owns 241,744 shares in the company, valued at approximately $30,068,118.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $123.48, for a total transaction of $864,360.00. Following the sale, the insider now owns 246,744 shares in the company, valued at approximately $30,467,949.12. The disclosure for this sale can be found here. In the last three months, insiders sold 194,303 shares of company stock worth $24,702,936. 0.82% of the stock is currently owned by insiders.

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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