American Economic Planning Group Inc. ADV Has $320,000 Stake in The Travelers Companies, Inc. (TRV)
American Economic Planning Group Inc. ADV raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 2,530 shares of the insurance provider’s stock after buying an additional 1 shares during the period. American Economic Planning Group Inc. ADV’s holdings in The Travelers Companies were worth $320,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in TRV. BlackRock Inc. raised its stake in shares of The Travelers Companies by 2,395.6% in the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock worth $2,459,383,000 after buying an additional 19,585,476 shares during the last quarter. FMR LLC raised its stake in shares of The Travelers Companies by 42.1% in the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock worth $795,148,000 after buying an additional 1,954,573 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of The Travelers Companies by 3.0% in the first quarter. Vanguard Group Inc. now owns 21,551,932 shares of the insurance provider’s stock worth $2,597,871,000 after buying an additional 633,510 shares during the last quarter. Hermes Investment Management Ltd. acquired a new stake in shares of The Travelers Companies during the second quarter worth about $58,950,000. Finally, WINTON GROUP Ltd raised its stake in shares of The Travelers Companies by 191.6% in the first quarter. WINTON GROUP Ltd now owns 695,246 shares of the insurance provider’s stock worth $79,640,000 after buying an additional 456,814 shares during the last quarter. 78.95% of the stock is currently owned by institutional investors and hedge funds.
Shares of The Travelers Companies, Inc. (NYSE TRV) traded down 0.339% during trading on Thursday, reaching $129.709. The company’s stock had a trading volume of 871,801 shares. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $130.18. The stock has a market capitalization of $35.79 billion, a price-to-earnings ratio of 12.917 and a beta of 1.20. The company’s 50-day moving average price is $127.10 and its 200 day moving average price is $123.01.
The Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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 net margin of 10.15% and a return on equity of 11.68%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period in the prior year, the company posted $2.20 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts anticipate that The Travelers Companies, Inc. will post $8.92 EPS for the current year.
The Travelers Companies declared that its board has initiated a stock buyback program on Thursday, April 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the insurance provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.
TRV has been the topic of a number of analyst reports. Citigroup Inc. lifted their target price on The Travelers Companies from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Argus raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a report on Monday, April 24th. Vetr raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective for the company in a report on Tuesday, June 27th. Bank of America Corporation lowered The Travelers Companies from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $120.62 to $129.44 in a report on Monday, June 19th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $119.00 price objective (up from $112.00) on shares of The Travelers Companies in a report on Friday, July 7th. Five investment 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 company presently has an average rating of “Hold” and a consensus target price of $123.79.
In related news, SVP Douglas K. Russell sold 9,686 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $123.00, for a total value of $1,191,378.00. Following the completion of the transaction, the senior vice president now owns 29,267 shares of the company’s stock, valued at $3,599,841. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $129.35, for a total transaction of $713,753.30. Following the completion of the transaction, the insider now directly owns 82,824 shares of the company’s stock, valued at approximately $10,713,284.40. The disclosure for this sale can be found here. Insiders sold 169,412 shares of company stock valued at $21,473,565 in the last three months. Company 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.
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