Rothschild Asset Management Inc. Has $599,000 Position in The Travelers Companies, Inc. (TRV)

Rothschild Asset Management Inc. cut its position in The Travelers Companies, Inc. (NYSE:TRV) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,973 shares of the insurance provider’s stock after selling 277 shares during the period. Rothschild Asset Management Inc.’s holdings in The Travelers Companies were worth $599,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TRV. Westside Investment Management Inc. boosted its position in shares of The Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after buying an additional 686 shares in the last quarter. First Personal Financial Services boosted its position in shares of The Travelers Companies by 133.3% in 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 in the last quarter. Bartlett & Co. LLC boosted its position in shares of The Travelers Companies by 30.0% in the first quarter. Bartlett & Co. LLC now owns 1,399 shares of the insurance provider’s stock worth $169,000 after buying an additional 323 shares in the last quarter. Community Bank N.A. boosted its position in shares of The Travelers Companies by 39.0% in the first quarter. Community Bank N.A. now owns 1,425 shares of the insurance provider’s stock worth $172,000 after buying an additional 400 shares in the last quarter. Finally, Clean Yield Group bought a new position in shares of The Travelers Companies during the first quarter worth approximately $176,000. Hedge funds and other institutional investors own 77.87% of the company’s stock.

Shares of The Travelers Companies, Inc. (TRV) opened at 125.88 on Friday. The stock has a 50 day moving average price of $126.65 and a 200 day moving average price of $122.27. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $129.60. The company has a market capitalization of $34.74 billion, a PE ratio of 12.54 and a beta of 1.21.

The Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share 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 firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period last year, the company earned $2.20 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities research analysts predict that The Travelers Companies, Inc. will post $8.94 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders 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 annualized dividend and a dividend yield of 2.29%. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.

The Travelers Companies declared that its board has authorized a share buyback program on Thursday, April 20th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

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A number of equities analysts recently commented on the company. Citigroup Inc. reaffirmed a “buy” rating and issued a $148.00 target price (down from $150.00) on shares of The Travelers Companies in a report on Monday. BidaskClub cut The Travelers Companies from a “hold” rating to a “sell” rating in a report on Monday. MKM Partners reaffirmed a “neutral” rating and issued a $130.00 target price (up from $115.00) on shares of The Travelers Companies in a report on Wednesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $115.00 target price on shares of The Travelers Companies in a report on Thursday, May 25th. Finally, Vetr raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price on the stock in a report on Monday, July 3rd. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The Travelers Companies presently has a consensus rating of “Hold” and an average price target of $123.79.

In related news, EVP John P. Clifford, Jr. sold 5,500 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $120.92, for a total transaction of $665,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 7,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $123.48, for a total transaction of $864,360.00. Following the transaction, the insider now directly 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. In the last three months, insiders sold 125,049 shares of company stock valued at $15,706,306. Corporate 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.

Institutional Ownership by Quarter for The Travelers Companies (NYSE:TRV)

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