Blue Chip Partners Inc. Has $595,000 Stake in The Travelers Companies, Inc. (TRV)
Blue Chip Partners Inc. decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 50.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,857 shares of the insurance provider’s stock after selling 4,858 shares during the quarter. Blue Chip Partners Inc.’s holdings in The Travelers Companies were worth $595,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC grew its stake in The Travelers Companies by 4.9% in the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 37 shares during the period. Tradewinds Capital Management LLC grew its stake in The Travelers Companies by 1.1% in the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after acquiring an additional 10 shares during the period. Intellectus Partners LLC grew its stake in The Travelers Companies by 4.6% in the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after acquiring an additional 41 shares during the period. Thompson Siegel & Walmsley LLC grew its stake in The Travelers Companies by 3.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after acquiring an additional 35 shares during the period. Finally, Omnia Family Wealth LLC grew its stake in The Travelers Companies by 4.7% in the 2nd quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock valued at $128,000 after acquiring an additional 46 shares during the period. 77.63% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Andy F. Bessette sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total value of $265,960.00. Following the sale, the executive vice president now directly owns 8,000 shares in the company, valued at approximately $1,063,840. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.82% of the stock is currently owned by insiders.
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The Travelers Companies, Inc. (TRV) traded down $0.15 during midday trading on Thursday, hitting $133.71. The stock had a trading volume of 1,837,800 shares, compared to its average volume of 1,489,906. The Travelers Companies, Inc. has a fifty-two week low of $110.40 and a fifty-two week high of $135.71. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a market cap of $36,636.93, a price-to-earnings ratio of 16.34, a PEG ratio of 2.52 and a beta of 1.26.
The Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.10 by ($1.19). The company had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.46 billion. The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.40 earnings per share. equities research analysts expect that The Travelers Companies, Inc. will post 7.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.88 annualized dividend and a yield of 2.15%. The Travelers Companies’s dividend payout ratio (DPR) is currently 33.45%.
The Travelers Companies announced that its Board of Directors has initiated a share buyback program on Monday, September 11th that allows the company to buyback outstanding shares. This buyback authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
A number of research firms recently issued reports on TRV. Wells Fargo & Company set a $125.00 price target on shares of The Travelers Companies and gave the company a “hold” rating in a research note on Tuesday. B. Riley reissued a “neutral” rating on shares of The Travelers Companies in a research note on Monday, November 6th. MKM Partners reissued a “neutral” rating and issued a $130.00 price target (up previously from $115.00) on shares of The Travelers Companies in a research note on Wednesday, July 26th. Citigroup Inc. dropped their price target on shares of The Travelers Companies from $142.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, October 2nd. Finally, Buckingham Research initiated coverage on shares of The Travelers Companies in a research note on Monday, September 11th. They set a “buy” rating and a $136.00 target price on the stock. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $128.54.
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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