The Travelers Companies, Inc. (TRV) Position Reduced by Blue Chip Partners Inc.

Blue Chip Partners Inc. lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 46.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,715 shares of the insurance provider’s stock after selling 8,547 shares during the quarter. Blue Chip Partners Inc.’s holdings in The Travelers Companies were worth $1,229,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TRV. CWM LLC raised its position in shares of The Travelers Companies by 4.9% during the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after buying an additional 37 shares in the last quarter. Westside Investment Management Inc. raised its position in shares of The Travelers Companies by 361.1% during the 1st quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock valued at $106,000 after buying an additional 686 shares in the last quarter. First Personal Financial Services raised its position in shares of The Travelers Companies by 133.3% during the 1st quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock valued at $107,000 after buying an additional 508 shares in the last quarter. Tradewinds Capital Management LLC raised its position in shares of The Travelers Companies by 1.1% during the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after buying an additional 10 shares in the last quarter. Finally, Liberty Capital Management Inc. raised its position in shares of The Travelers Companies by 434.8% during the 2nd quarter. Liberty Capital Management Inc. now owns 1,230 shares of the insurance provider’s stock valued at $154,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 77.48% of the company’s stock.

Several analysts have recently weighed in on TRV shares. Royal Bank Of Canada restated a “buy” rating and set a $135.00 price objective on shares of The Travelers Companies in a research report on Monday, August 21st. Credit Suisse Group decreased their target price on shares of The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 12th. Zacks Investment Research upgraded shares of The Travelers Companies from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. ValuEngine upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $148.00 target price (down previously from $150.00) on shares of The Travelers Companies in a research report on Monday, July 24th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The Travelers Companies has a consensus rating of “Hold” and an average target price of $126.18.

TRADEMARK VIOLATION WARNING: This news story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2017/09/25/blue-chip-partners-inc-lowers-stake-in-the-travelers-companies-inc-trv.html.

In other The Travelers Companies news, EVP John P. Clifford, Jr. sold 3,525 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $129.85, for a total transaction of $457,721.25. Following the transaction, the executive vice president now owns 9,658 shares of the company’s stock, valued at approximately $1,254,091.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jay S. Benet sold 16,566 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $130.01, for a total transaction of $2,153,745.66. Following the completion of the sale, the insider now owns 93,872 shares in the company, valued at $12,204,298.72. The disclosure for this sale can be found here. Insiders have sold a total of 139,359 shares of company stock worth $17,835,792 in the last three months. Insiders own 0.82% of the company’s stock.

Shares of The Travelers Companies, Inc. (NYSE:TRV) opened at 122.04 on Monday. The Travelers Companies, Inc. has a 52 week low of $103.45 and a 52 week high of $130.37. The stock’s 50 day moving average is $124.75 and its 200-day moving average is $123.78. The company has a market cap of $33.68 billion, a price-to-earnings ratio of 12.15 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 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.07 by ($0.15). The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.20 EPS. On average, equities analysts anticipate that The Travelers Companies, Inc. will post $7.67 earnings per share for the current year.

The Travelers Companies announced that its board has authorized a share repurchase plan on Monday, September 11th that permits the company to repurchase outstanding shares. This repurchase authorization permits the insurance provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.

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.

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




Receive News & Ratings for The Travelers Companies Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for The Travelers Companies Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply