Howland Capital Management LLC Has $1,239,000 Stake in The Travelers Companies, Inc. (TRV)
Howland Capital Management LLC continued to hold its position in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, Holdings Channel reports. The institutional investor owned 9,795 shares of the insurance provider’s stock at the end of the second quarter. Howland Capital Management LLC’s holdings in The Travelers Companies were worth $1,239,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its position in The Travelers Companies by 2,395.6% in the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock worth $2,459,383,000 after buying an additional 19,585,476 shares in the last quarter. FMR LLC increased its position in The Travelers Companies by 42.1% in the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock worth $795,148,000 after buying an additional 1,954,573 shares in the last quarter. Vanguard Group Inc. increased its position in The Travelers Companies by 3.0% in the first quarter. Vanguard Group Inc. now owns 21,551,932 shares of the insurance provider’s stock worth $2,597,871,000 after buying an additional 633,510 shares in the last quarter. Hermes Investment Management Ltd. acquired a new position in The Travelers Companies during the second quarter worth about $58,950,000. Finally, WINTON GROUP Ltd increased its position in The Travelers Companies by 191.6% in the first quarter. WINTON GROUP Ltd now owns 695,246 shares of the insurance provider’s stock worth $79,640,000 after buying an additional 456,814 shares in the last quarter. Institutional investors own 78.24% of the company’s stock.
The Travelers Companies, Inc. (NYSE:TRV) traded up 0.120% on Tuesday, hitting $128.945. 480,779 shares of the company traded hands. The stock has a market cap of $35.58 billion, a PE ratio of 12.841 and a beta of 1.20. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $130.36. The stock’s 50-day moving average is $127.16 and its 200 day moving average is $123.29.
The Travelers Companies (NYSE:TRV) last issued its earnings results 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 Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the previous year, the firm earned $2.20 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. Equities research analysts expect that The Travelers Companies, Inc. will post $8.90 earnings per share for the current fiscal year.
The Travelers Companies announced that its Board of Directors has approved a stock buyback plan on Thursday, April 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
The business also recently disclosed 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. This represents a $2.88 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.
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A number of research analysts recently issued reports on TRV shares. Citigroup Inc. boosted their target price on shares of The Travelers Companies from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Argus upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research report on Monday, April 24th. Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price for the company in a research report on Tuesday, June 27th. Bank of America Corporation downgraded shares of The Travelers Companies from a “buy” rating to a “neutral” rating and boosted their target price for the company from $120.62 to $129.44 in a research report on Monday, June 19th. Finally, Morgan Stanley restated an “underweight” rating and set a $119.00 target price (up from $112.00) on shares of The Travelers Companies in a research report on Friday, July 7th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $124.01.
In related news, EVP Andy F. Bessette sold 3,300 shares of the firm’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 7,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $123.48, for a total transaction of $864,360.00. Following the completion of the sale, the insider now owns 246,744 shares of the company’s stock, valued at approximately $30,467,949.12. The disclosure for this sale can be found here. Insiders sold 189,503 shares of company stock valued at $24,085,032 in 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.
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