Travelers Companies Inc (TRV) Holdings Lowered by HRS Investment Holdings LLC
HRS Investment Holdings LLC trimmed its stake in shares of Travelers Companies Inc (NYSE:TRV) by 25.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,000 shares of the insurance provider’s stock after selling 5,000 shares during the quarter. HRS Investment Holdings LLC’s holdings in Travelers Companies were worth $1,835,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Squar Milner Financial Services LLC bought a new stake in shares of Travelers Companies during the 2nd quarter worth about $100,000. Landaas & Co. WI ADV acquired a new position in shares of Travelers Companies in the 2nd quarter worth approximately $108,000. Acadian Asset Management LLC acquired a new position in shares of Travelers Companies in the 2nd quarter worth approximately $112,000. American National Bank acquired a new position in shares of Travelers Companies in the 2nd quarter worth approximately $117,000. Finally, Summit Trail Advisors LLC grew its stake in shares of Travelers Companies by 13,364.7% in the 1st quarter. Summit Trail Advisors LLC now owns 121,182 shares of the insurance provider’s stock worth $121,000 after purchasing an additional 120,282 shares during the last quarter. Institutional investors own 79.01% of the company’s stock.
Several equities analysts have recently issued reports on the stock. TheStreet raised shares of Travelers Companies from a “c+” rating to a “b” rating in a research note on Thursday, August 30th. B. Riley lifted their price objective on shares of Travelers Companies from $118.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. Credit Suisse Group assumed coverage on shares of Travelers Companies in a research note on Tuesday, August 7th. They issued a “neutral” rating and a $141.00 price objective on the stock. Citigroup lifted their price objective on shares of Travelers Companies from $144.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, July 30th. Finally, ValuEngine raised shares of Travelers Companies from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $137.81.
Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, July 19th. The insurance provider reported $1.81 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.62). The firm had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.35 billion. Travelers Companies had a return on equity of 8.84% and a net margin of 6.89%. equities research analysts predict that Travelers Companies Inc will post 9.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Monday, September 10th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, September 7th. Travelers Companies’s dividend payout ratio (DPR) is currently 42.31%.
In other news, EVP Andy F. Bessette sold 8,892 shares of Travelers Companies stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $130.78, for a total value of $1,162,895.76. Following the transaction, the executive vice president now directly owns 10,551 shares of the company’s stock, valued at $1,379,859.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jay S. Benet sold 8,876 shares of Travelers Companies stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the completion of the transaction, the insider now directly owns 94,176 shares in the company, valued at $12,431,232. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.
Travelers Companies Profile
The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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