Neville Rodie & Shaw Inc. Holds Position in The Travelers Companies, Inc. (NYSE:TRV)
Neville Rodie & Shaw Inc. maintained its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,850 shares of the insurance provider’s stock at the end of the second quarter. Neville Rodie & Shaw Inc.’s holdings in The Travelers Companies were worth $234,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its stake 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 during the period. FMR LLC increased its stake 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 during the period. Vanguard Group Inc. increased its stake 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 during the period. WINTON GROUP Ltd increased its stake 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 during the period. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in The Travelers Companies during the first quarter worth about $52,168,000. Hedge funds and other institutional investors own 78.95% of the company’s stock.
The Travelers Companies, Inc. (TRV) traded down 0.38% during trading on Thursday, reaching $129.66. 600,703 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $127.10 and its 200-day moving average price is $123.01. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $130.18. The firm has a market cap of $35.78 billion, a price-to-earnings ratio of 12.91 and a beta of 1.20.
The Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the prior year, the business earned $2.20 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post $8.92 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Thursday, September 7th. The Travelers Companies’s dividend payout ratio is presently 28.77%.
The Travelers Companies declared that its board has authorized a stock repurchase program on Thursday, April 20th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
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A number of research firms have recently issued reports on TRV. Bank of America Corporation downgraded shares of The Travelers Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $120.62 to $129.44 in a report on Monday, June 19th. BidaskClub raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of The Travelers Companies in a research note on Tuesday, June 20th. MKM Partners reissued a “neutral” rating and issued a $130.00 target price (up from $115.00) on shares of The Travelers Companies in a research note on Wednesday, July 26th. Finally, Vetr raised 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 note on Tuesday, June 27th. Five research 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 stock currently has an average rating of “Hold” and an average price target of $123.79.
In other news, EVP Andy F. Bessette sold 3,300 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 10,000 shares in the company, valued at approximately $1,285,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 7,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $123.48, for a total value of $864,360.00. Following the transaction, 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. Over the last ninety days, insiders have sold 169,412 shares of company stock valued at $21,473,565. 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.
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