Beck Mack & Oliver LLC Continues to Hold Position in The Travelers Cos. (TRV)
Beck Mack & Oliver LLC continued to hold its stake in The Travelers Cos. (NYSE:TRV) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,494 shares of the company’s stock at the end of the second quarter. Beck Mack & Oliver LLC’s holdings in The Travelers Cos. were worth $1,130,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Ledyard National Bank boosted its stake in The Travelers Cos. by 5.4% in the second quarter. Ledyard National Bank now owns 1,089 shares of the company’s stock worth $130,000 after buying an additional 56 shares in the last quarter. Signaturefd LLC boosted its stake in The Travelers Cos. by 84.6% in the second quarter. Signaturefd LLC now owns 1,307 shares of the company’s stock worth $156,000 after buying an additional 599 shares in the last quarter. Kanaly Trust Co boosted its stake in The Travelers Cos. by 1.4% in the second quarter. Kanaly Trust Co now owns 1,426 shares of the company’s stock worth $170,000 after buying an additional 19 shares in the last quarter. Clean Yield Group boosted its stake in The Travelers Cos. by 5.1% in the second quarter. Clean Yield Group now owns 1,535 shares of the company’s stock worth $183,000 after buying an additional 75 shares in the last quarter. Finally, Kistler Tiffany Companies LLC boosted its stake in The Travelers Cos. by 53.8% in the second quarter. Kistler Tiffany Companies LLC now owns 1,543 shares of the company’s stock worth $184,000 after buying an additional 540 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.
The Travelers Cos. (NYSE:TRV) traded up 0.31% during midday trading on Friday, reaching $115.42. The company had a trading volume of 613,379 shares. The stock has a 50-day moving average price of $115.58 and a 200 day moving average price of $115.07. The Travelers Cos. has a 12-month low of $101.23 and a 12-month high of $119.32. The company has a market capitalization of $33.27 billion, a PE ratio of 11.11 and a beta of 1.14.
The Travelers Cos. (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 21st. The company reported $2.24 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same quarter last year, the company earned $2.52 EPS. The company’s revenue was up 2.3% on a year-over-year basis. Equities analysts forecast that The Travelers Cos. will post $9.54 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were paid a dividend of $0.67 per share. The ex-dividend date was Wednesday, September 7th. This represents a $2.68 dividend on an annualized basis and a yield of 2.33%. The Travelers Cos.’s dividend payout ratio (DPR) is presently 25.92%.
Several analysts recently commented on the company. Royal Bank Of Canada boosted their price target on The Travelers Cos. from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, July 22nd. Zacks Investment Research raised The Travelers Cos. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. RBC Capital Markets reaffirmed an “outperform” rating and issued a $125.00 price target (up previously from $120.00) on shares of The Travelers Cos. in a research note on Sunday, July 24th. Citigroup Inc. reaffirmed a “neutral” rating on shares of The Travelers Cos. in a research note on Tuesday, June 21st. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $109.00 price target (up previously from $105.00) on shares of The Travelers Cos. in a research note on Saturday, October 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $117.00.
In related news, Vice Chairman Jay S. Benet sold 5,797 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $116.64, for a total transaction of $676,162.08. Following the sale, the insider now owns 71,352 shares of the company’s stock, valued at approximately $8,322,497.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 4,246 shares of the firm’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $118.98, for a total value of $505,189.08. Following the sale, the insider now directly owns 231,500 shares in the company, valued at approximately $27,543,870. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.
About The Travelers Cos.
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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