Alethea Capital Management LLC Buys Shares of 16,720 The Travelers Companies, Inc. (TRV)

Alethea Capital Management LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,720 shares of the insurance provider’s stock, valued at approximately $2,116,000. The Travelers Companies comprises about 1.2% of Alethea Capital Management LLC’s holdings, making the stock its 27th biggest position.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of The Travelers Companies by 3.0% in the 1st 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 last quarter. BlackRock Inc. lifted its position in shares of The Travelers Companies by 2,395.6% in the 1st 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 last quarter. State Street Corp lifted its position in shares of The Travelers Companies by 1.6% in the 1st quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock worth $2,284,205,000 after buying an additional 304,049 shares during the last quarter. FMR LLC lifted its position in shares of The Travelers Companies by 42.1% in the 1st 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 last quarter. Finally, AQR Capital Management LLC lifted its position in shares of The Travelers Companies by 9.4% in the 1st quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock worth $364,779,000 after buying an additional 260,838 shares during the last quarter. Institutional investors own 77.55% of the company’s stock.

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A number of research analysts have recently issued reports on TRV shares. 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 research report on Monday, July 3rd. Citigroup Inc. restated a “buy” rating and issued a $148.00 price target (down from $150.00) on shares of The Travelers Companies in a research report on Monday, July 24th. Royal Bank Of Canada restated a “buy” rating and issued a $126.00 price target on shares of The Travelers Companies in a research report on Monday, May 22nd. BidaskClub upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, ValuEngine upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $126.26.

In related news, Vice Chairman Jay S. Benet sold 5,518 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $128.72, for a total transaction of $710,276.96. Following the transaction, the insider now owns 82,824 shares in the company, valued at approximately $10,661,105.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 14,000 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $125.79, for a total transaction of $1,761,060.00. Following the transaction, the insider now owns 253,744 shares in the company, valued at approximately $31,918,457.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 150,395 shares of company stock worth $19,249,559. 0.82% of the stock is owned by corporate insiders.

The Travelers Companies, Inc. (TRV) opened at 120.70 on Friday. The firm has a market cap of $33.31 billion, a PE ratio of 12.02 and a beta of 1.21. The firm’s 50-day moving average is $125.15 and its 200 day moving average is $123.83. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $130.37.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by ($0.15). The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $2.20 EPS. On average, equities analysts forecast that The Travelers Companies, Inc. will post $7.64 earnings per share 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 given a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 annualized dividend and a yield of 2.39%. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.

The Travelers Companies announced that its Board of Directors has authorized a stock buyback program on Monday, September 11th that permits the company to buyback shares. This buyback authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

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)

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