ARGI Investment Services LLC Holds Position in The Travelers Companies, Inc. (TRV)

ARGI Investment Services LLC held its stake in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,380 shares of the insurance provider’s stock at the close of the 2nd quarter. ARGI Investment Services LLC’s holdings in The Travelers Companies were worth $301,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TRV. CWM LLC increased its holdings in The Travelers Companies by 4.9% during the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after buying an additional 37 shares during the last quarter. Westside Investment Management Inc. increased its holdings in The Travelers Companies by 361.1% during the first 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 during the last quarter. First Personal Financial Services increased its holdings 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 valued at $107,000 after buying an additional 508 shares during the last quarter. Tradewinds Capital Management LLC increased its holdings in The Travelers Companies by 1.1% during the second 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 during the last quarter. Finally, Liberty Capital Management Inc. increased its holdings in The Travelers Companies by 434.8% during the second 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 during the last quarter. 77.55% of the stock is owned by institutional investors and hedge funds.

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The Travelers Companies, Inc. (NYSE TRV) opened at 120.70 on Friday. The company has a market cap of $33.31 billion, a price-to-earnings ratio of 12.02 and a beta of 1.21. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $130.37. The company’s 50 day moving average is $125.15 and its 200-day moving average is $123.83.

The Travelers Companies (NYSE:TRV) last posted its 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 firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $2.20 earnings per share. On average, analysts expect 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 issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, September 7th. The Travelers Companies’s payout ratio is presently 28.77%.

The Travelers Companies announced that its Board of Directors has approved a stock repurchase program on Monday, September 11th that authorizes the company to repurchase shares. This repurchase authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

In related news, EVP Andy F. Bessette sold 3,300 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $128.50, for a total value of $424,050.00. Following the completion of the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $1,285,000. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $125.66, for a total transaction of $693,391.88. Following the completion of the sale, the insider now directly owns 82,824 shares of the company’s stock, valued at approximately $10,407,663.84. The disclosure for this sale can be found here. In the last three months, insiders sold 150,395 shares of company stock valued at $19,249,559. 0.82% of the stock is owned by insiders.

A number of analysts have commented on the stock. Buckingham Research assumed coverage on shares of The Travelers Companies in a report on Monday, September 11th. They set a “buy” rating and a $136.00 target price for the company. Zacks Investment Research raised shares of The Travelers Companies from a “sell” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company reaffirmed a “hold” rating and set a $125.00 target price on shares of The Travelers Companies in a report on Tuesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $115.00 target price on shares of The Travelers Companies in a report on Thursday, May 25th. Finally, Credit Suisse Group reduced their target price on shares of The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $126.26.

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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