Smith Shellnut Wilson LLC ADV Acquires New Stake in The Travelers Companies, Inc. (TRV)
Smith Shellnut Wilson LLC ADV acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,976 shares of the insurance provider’s stock, valued at approximately $235,000.
Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in 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 valued at $2,459,383,000 after buying an additional 19,585,476 shares during the period. FMR LLC boosted its stake in The Travelers Companies by 42.1% in the first quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock valued at $795,148,000 after buying an additional 1,954,573 shares during the period. Vanguard Group Inc. boosted its stake in 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 valued at $2,597,871,000 after buying an additional 633,510 shares during the period. WINTON GROUP Ltd boosted its stake in The Travelers Companies by 191.6% in the first quarter. WINTON GROUP Ltd now owns 695,246 shares of the insurance provider’s stock valued at $79,640,000 after buying an additional 456,814 shares during the period. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in The Travelers Companies during the first quarter valued at approximately $52,168,000. 78.95% of the stock is currently owned by institutional investors.
Shares of The Travelers Companies, Inc. (NYSE TRV) traded down 1.16% on Friday, reaching $128.18. The company’s stock had a trading volume of 1,535,138 shares. The firm has a 50 day moving average price of $127.13 and a 200-day moving average price of $123.13. The stock has a market cap of $35.37 billion, a PE ratio of 12.76 and a beta of 1.20. The Travelers Companies, Inc. has a 12-month low of $103.45 and a 12-month high of $130.36.
The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.07 by $0.15. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.20 EPS. Equities research analysts expect that The Travelers Companies, Inc. will post $8.92 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.25%. The Travelers Companies’s dividend payout ratio is currently 28.77%.
The Travelers Companies declared that its Board of Directors has initiated a share repurchase program on Thursday, April 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
TRV has been the topic of several recent analyst reports. Citigroup Inc. increased their price objective on The Travelers Companies from $140.00 to $150.00 and gave the company 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 on the stock in a research 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 on the stock in a research report on Tuesday, June 27th. Bank of America Corporation cut The Travelers Companies from a “buy” rating to a “neutral” rating and increased their price objective for the company from $120.62 to $129.44 in a research report on Monday, June 19th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $119.00 price objective (up from $112.00) on shares of The Travelers Companies in a research report on Friday, July 7th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $124.01.
In other The Travelers Companies news, EVP John P. Clifford, Jr. sold 3,525 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $129.85, for a total transaction of $457,721.25. Following the transaction, the executive vice president now owns 9,658 shares in the company, valued at $1,254,091.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Douglas K. Russell sold 9,686 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $123.00, for a total value of $1,191,378.00. Following the transaction, the senior vice president now owns 29,267 shares in the company, valued at approximately $3,599,841. The disclosure for this sale can be found here. Insiders have sold 189,503 shares of company stock worth $24,085,032 in the last quarter. 0.82% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV).
Receive News & Ratings for The Travelers Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Travelers Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.