The Travelers Companies, Inc. (TRV) Shares Bought by Nuance Investments LLC

Nuance Investments LLC raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 312.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 283,114 shares of the insurance provider’s stock after buying an additional 214,535 shares during the period. The Travelers Companies makes up 2.7% of Nuance Investments LLC’s portfolio, making the stock its 14th biggest position. Nuance Investments LLC owned about 0.10% of The Travelers Companies worth $35,822,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Balasa Dinverno & Foltz LLC boosted its position in shares of The Travelers Companies by 0.3% during the 1st quarter. Balasa Dinverno & Foltz LLC now owns 3,448 shares of the insurance provider’s stock valued at $416,000 after purchasing an additional 9 shares in the last quarter. Tradewinds Capital Management LLC boosted 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 purchasing an additional 10 shares in the last quarter. Community Bank N.A. boosted its position in shares of The Travelers Companies by 0.7% during the 2nd quarter. Community Bank N.A. now owns 1,435 shares of the insurance provider’s stock valued at $181,000 after purchasing an additional 10 shares in the last quarter. Northern Oak Wealth Management Inc. boosted its position in shares of The Travelers Companies by 0.5% during the 1st quarter. Northern Oak Wealth Management Inc. now owns 4,873 shares of the insurance provider’s stock valued at $587,000 after purchasing an additional 23 shares in the last quarter. Finally, Lee Danner & Bass Inc. boosted its position in shares of The Travelers Companies by 0.4% during the 2nd quarter. Lee Danner & Bass Inc. now owns 6,574 shares of the insurance provider’s stock valued at $832,000 after purchasing an additional 24 shares in the last quarter. 77.55% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Kenneth Franklin Spence III sold 4,800 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $128.73, for a total value of $617,904.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andy F. Bessette sold 3,300 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at $1,285,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,395 shares of company stock valued at $19,249,559. 0.82% of the stock is currently owned by company insiders.

Shares of The Travelers Companies, Inc. (NYSE TRV) opened at 120.70 on Friday. The company’s 50 day moving average is $125.15 and its 200 day moving average is $123.83. The firm has a market capitalization of $33.31 billion, a PE 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 Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.15). The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.31 billion. The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $2.20 earnings per share. On average, analysts forecast that The Travelers Companies, Inc. will post $7.64 earnings per share for the current year.

The Travelers Companies declared that its Board of Directors has initiated a stock buyback plan on Monday, September 11th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to repurchase 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 business 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 of this dividend is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.39%. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.

TRV has been the subject of several research reports. Zacks Investment Research lowered shares of The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. ValuEngine upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Citigroup Inc. raised their price objective on shares of The Travelers Companies from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective for the company in a research report on Tuesday, June 27th. Finally, Bank of America Corporation lowered shares of The Travelers Companies from a “buy” rating to a “neutral” rating and raised their price objective for the company from $120.62 to $129.44 in a research report on Monday, June 19th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $126.26.

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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)

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