Vaughan David Investments Inc. IL Lowers Stake in The Travelers Companies, Inc. (TRV)

Vaughan David Investments Inc. IL lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 14,137 shares of the insurance provider’s stock after selling 700 shares during the period. Vaughan David Investments Inc. IL’s holdings in The Travelers Companies were worth $1,704,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of The Travelers Companies by 3.8% in the fourth quarter. AQR Capital Management LLC now owns 2,765,369 shares of the insurance provider’s stock valued at $338,536,000 after buying an additional 101,889 shares in the last quarter. Norges Bank acquired a new position in shares of The Travelers Companies during the fourth quarter valued at approximately $262,153,000. UBS Asset Management Americas Inc. boosted its position in shares of The Travelers Companies by 9.4% in the first quarter. UBS Asset Management Americas Inc. now owns 1,744,157 shares of the insurance provider’s stock valued at $210,241,000 after buying an additional 149,847 shares in the last quarter. Swiss National Bank boosted its position in shares of The Travelers Companies by 25.3% in the first quarter. Swiss National Bank now owns 1,006,516 shares of the insurance provider’s stock valued at $121,325,000 after buying an additional 203,200 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in The Travelers Companies by 2.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 978,995 shares of the insurance provider’s stock valued at $118,008,000 after buying an additional 22,853 shares in the last quarter. 77.87% of the stock is currently owned by institutional investors.

Shares of The Travelers Companies, Inc. (TRV) traded up 1.06% during mid-day trading on Friday, reaching $127.21. 1,277,677 shares of the company’s stock were exchanged. The firm has a market cap of $35.10 billion, a P/E ratio of 12.67 and a beta of 1.21. The company has a 50 day moving average price of $126.75 and a 200 day moving average price of $122.35. The Travelers Companies, Inc. has a 52-week low of $103.45 and a 52-week high of $129.60.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing the Zacks’ consensus estimate of $2.07 by $0.15. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the prior year, the firm earned $2.20 EPS. The Travelers Companies’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts forecast that The Travelers Companies, Inc. will post $8.94 earnings per share for the current fiscal year.

The Travelers Companies announced that its Board of Directors has initiated a share buyback plan on Thursday, April 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.26%. The Travelers Companies’s dividend payout ratio is presently 28.77%.

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Several research firms recently issued reports on TRV. Citigroup Inc. reiterated a “buy” rating and set a $148.00 price target (down previously from $150.00) on shares of The Travelers Companies in a research report on Monday, July 24th. BidaskClub lowered shares of The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. MKM Partners reiterated a “neutral” rating and set a $130.00 price target (up previously from $115.00) on shares of The Travelers Companies in a research report on Wednesday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $115.00 price target on shares of The Travelers Companies in a research report on Thursday, May 25th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $119.00 price target (up previously from $112.00) on shares of The Travelers Companies in a research report on Friday, July 7th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $123.79.

In other news, Vice Chairman Jay S. Benet sold 5,518 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $128.72, for a total value of $710,276.96. Following the completion of the sale, the insider now owns 82,824 shares of the company’s stock, valued at approximately $10,661,105.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 24,000 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the completion of the sale, the insider now directly owns 253,744 shares of the company’s stock, valued at approximately $32,134,140.16. 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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