Roundview Capital LLC Maintains Stake in The Travelers Companies, Inc. (TRV)
Roundview Capital LLC continued to hold its stake in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,094 shares of the insurance provider’s stock at the end of the 2nd quarter. Roundview Capital LLC’s holdings in The Travelers Companies were worth $1,024,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in TRV. Wade G W & Inc. increased its position in shares of The Travelers Companies by 1.3% during the 1st quarter. Wade G W & Inc. now owns 3,710 shares of the insurance provider’s stock worth $447,000 after purchasing an additional 46 shares during the last quarter. Pax World Management LLC boosted its stake in The Travelers Companies by 5.0% during the first quarter. Pax World Management LLC now owns 2,096 shares of the insurance provider’s stock worth $253,000 after buying an additional 100 shares during the period. First Personal Financial Services boosted 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 buying an additional 508 shares during the period. Commerce Bank boosted its stake in The Travelers Companies by 5.4% during the first quarter. Commerce Bank now owns 20,602 shares of the insurance provider’s stock worth $2,484,000 after buying an additional 1,063 shares during the period. Finally, Peddock Capital Advisors LLC boosted its stake in The Travelers Companies by 7.8% during the first quarter. Peddock Capital Advisors LLC now owns 8,360 shares of the insurance provider’s stock worth $1,008,000 after buying an additional 603 shares during the period. Institutional investors and hedge funds own 77.48% of the company’s stock.
In other The Travelers Companies news, Vice Chairman Jay S. Benet sold 5,518 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $125.66, for a total value of $693,391.88. Following the transaction, the insider now owns 82,824 shares in the company, valued at approximately $10,407,663.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kenneth Franklin Spence III sold 4,800 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $128.73, for a total transaction of $617,904.00. The disclosure for this sale can be found here. Insiders have sold a total of 133,841 shares of company stock worth $17,135,116 over the last three months. 0.82% of the stock is currently owned by corporate insiders.
A number of equities research analysts have weighed in on TRV shares. Citigroup Inc. dropped their price target on shares of The Travelers Companies from $142.00 to $140.00 and set a “buy” rating for the company in a research report on Monday. MKM Partners reissued a “neutral” rating and issued a $130.00 price target (up from $115.00) on shares of The Travelers Companies in a research note on Wednesday, July 26th. Buckingham Research started coverage on shares of The Travelers Companies in a report on Monday, September 11th. They issued a “buy” rating and a $136.00 price objective on the stock. Zacks Investment Research upgraded shares of The Travelers Companies from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, BidaskClub cut shares of The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $125.71.
Shares of The Travelers Companies, Inc. (TRV) opened at 123.70 on Wednesday. The Travelers Companies, Inc. has a 52-week low of $103.45 and a 52-week high of $130.37. The firm has a 50-day moving average price of $122.87 and a 200-day moving average price of $123.79. The firm has a market cap of $34.13 billion, a price-to-earnings ratio of 12.32 and a beta of 1.20.
The Travelers Companies (NYSE:TRV) last posted its earnings results 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 company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The Travelers Companies’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.20 EPS. Analysts predict that The Travelers Companies, Inc. will post $7.71 EPS for the current fiscal year.
The Travelers Companies declared that its board has approved a stock buyback program on Monday, September 11th that allows the company to repurchase outstanding shares. This repurchase authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.33%. The ex-dividend date was Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.
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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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