Wayne Hummer Investments L.L.C. Has $432,000 Stake in The Travelers Companies, Inc. (TRV)

Wayne Hummer Investments L.L.C. cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,412 shares of the insurance provider’s stock after selling 50 shares during the quarter. Wayne Hummer Investments L.L.C.’s holdings in The Travelers Companies were worth $432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CWM LLC raised its stake in The Travelers Companies by 4.9% during the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 37 shares during the period. Westside Investment Management Inc. raised its stake in The Travelers Companies by 361.1% during the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after purchasing an additional 686 shares during the period. First Personal Financial Services raised its stake in The Travelers Companies by 133.3% during the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock worth $107,000 after purchasing an additional 508 shares during the period. Tradewinds Capital Management LLC raised its stake in The Travelers Companies by 1.1% during the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after purchasing an additional 10 shares during the period. Finally, Liberty Capital Management Inc. raised its stake in The Travelers Companies by 434.8% during the second quarter. Liberty Capital Management Inc. now owns 1,230 shares of the insurance provider’s stock worth $154,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 77.48% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was reported by BBNS and is the property of of BBNS. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://baseballnewssource.com/markets/wayne-hummer-investments-l-l-c-trims-position-in-the-travelers-companies-inc-trv/1602338.html.

Shares of The Travelers Companies, Inc. (NYSE TRV) opened at 122.04 on Friday. The Travelers Companies, Inc. has a 52 week low of $103.45 and a 52 week high of $130.37. The company’s 50-day moving average is $124.75 and its 200 day moving average is $123.78. The stock has a market capitalization of $33.68 billion, a P/E ratio of 12.15 and a beta of 1.21.

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 firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.20 EPS. On average, equities analysts forecast that The Travelers Companies, Inc. will post $7.67 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a $0.72 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.36%. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.

The Travelers Companies declared that its board has approved a share repurchase program on Monday, September 11th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

In related news, EVP Andy F. Bessette sold 3,300 shares of The Travelers Companies stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total value of $424,050.00. Following the completion of the sale, the executive vice president now owns 10,000 shares in the company, valued at $1,285,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 24,000 shares of The Travelers Companies stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the completion of the sale, the insider now owns 253,744 shares of the company’s stock, valued at approximately $32,134,140.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 144,877 shares of company stock valued at $18,539,282. Insiders own 0.82% of the company’s stock.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of The Travelers Companies from a “sell” rating to a “hold” rating in a research note on Wednesday. UBS AG reduced their target price on shares of The Travelers Companies from $126.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday. Wells Fargo & Company reaffirmed a “hold” rating and set a $125.00 target price on shares of The Travelers Companies in a research note on Tuesday, September 12th. Credit Suisse Group reduced their target price on shares of The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 12th. Finally, Buckingham Research initiated coverage on shares of The Travelers Companies in a research note on Monday, September 11th. They issued a “buy” rating and a $136.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $126.18.

The Travelers Companies 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 Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game


Leave a Reply

 
© 2006-2017 BBNS.