The Travelers Cos. (TRV) Stake Held by Green Square Capital LLC
Green Square Capital LLC held its position in The Travelers Cos. (NYSE:TRV) during the second quarter, Holdings Channel reports. The fund owned 3,435 shares of the company’s stock at the end of the second quarter. Green Square Capital LLC’s holdings in The Travelers Cos. were worth $409,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new stake in The Travelers Cos. during the second quarter worth approximately $374,228,000. UBS Asset Management Americas Inc. raised its stake in The Travelers Cos. by 32.7% in the first quarter. UBS Asset Management Americas Inc. now owns 2,236,907 shares of the company’s stock worth $261,070,000 after buying an additional 551,568 shares in the last quarter. Norges Bank acquired a new stake in The Travelers Cos. during the fourth quarter worth approximately $54,470,000. Virginia Retirement System acquired a new stake in The Travelers Cos. during the first quarter worth approximately $24,142,000. Finally, Riverhead Capital Management LLC raised its stake in The Travelers Cos. by 45.6% in the first quarter. Riverhead Capital Management LLC now owns 487,388 shares of the company’s stock worth $56,884,000 after buying an additional 152,586 shares in the last quarter. 80.12% of the stock is currently owned by hedge funds and other institutional investors.
The Travelers Cos. (NYSE:TRV) traded up 0.69% on Thursday, reaching $116.73. The company’s stock had a trading volume of 1,107,009 shares. The firm’s 50-day moving average price is $117.13 and its 200 day moving average price is $115.04. The Travelers Cos. has a 52-week low of $97.18 and a 52-week high of $119.32. The company has a market cap of $33.65 billion, a P/E ratio of 11.23 and a beta of 1.07.
The Travelers Cos. (NYSE:TRV) last announced its earnings results on Thursday, July 21st. The company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.19 by $0.05. The Travelers Cos. had a return on equity of 13.06% and a net margin of 11.70%. The company had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same quarter in the prior year, the company earned $2.52 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts anticipate that The Travelers Cos. will post $9.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be given a dividend of $0.67 per share. The ex-dividend date is Wednesday, September 7th. This represents a $2.68 annualized dividend and a dividend yield of 2.30%. The Travelers Cos.’s payout ratio is 25.92%.
A number of equities research analysts have recently commented on TRV shares. Macquarie reaffirmed an “underperform” rating and set a $92.00 price target on shares of The Travelers Cos. in a research report on Wednesday, June 8th. Citigroup Inc. reaffirmed a “neutral” rating on shares of The Travelers Cos. in a research report on Tuesday, June 21st. Bank of America Corp. raised The Travelers Cos. from a “neutral” rating to a “buy” rating and set a $127.00 price target on the stock in a research report on Tuesday, June 28th. They noted that the move was a valuation call. Zacks Investment Research lowered The Travelers Cos. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $120.00 price target (up previously from $117.00) on shares of The Travelers Cos. in a research report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $117.45.
In related news, EVP Kenneth Franklin Spence III sold 16,091 shares of the company’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $117.15, for a total transaction of $1,885,060.65. Following the sale, the executive vice president now owns 22,470 shares in the company, valued at approximately $2,632,360.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jay S. Benet sold 5,797 shares of the company’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $109.89, for a total value of $637,032.33. Following the sale, the chief financial officer now owns 71,352 shares in the company, valued at approximately $7,840,871.28. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.
The Travelers Cos. Company Profile
The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.
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