Swiss National Bank Purchases 14,700 Shares of The Travelers Companies, Inc. (TRV)

Swiss National Bank grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,021,216 shares of the insurance provider’s stock after purchasing an additional 14,700 shares during the quarter. Swiss National Bank owned approximately 0.37% of The Travelers Companies worth $129,214,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC grew its position in The Travelers Companies by 4.9% during the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after acquiring an additional 37 shares during the last quarter. Westside Investment Management Inc. grew its position in The Travelers Companies by 361.1% during the 1st quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after acquiring an additional 686 shares during the last quarter. First Personal Financial Services grew its position in The Travelers Companies by 133.3% during the 1st quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock worth $107,000 after acquiring an additional 508 shares during the last quarter. Tradewinds Capital Management LLC grew its position in The Travelers Companies by 1.1% during the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after acquiring an additional 10 shares during the last quarter. Finally, Liberty Capital Management Inc. grew its position in The Travelers Companies by 434.8% during the 2nd quarter. Liberty Capital Management Inc. now owns 1,230 shares of the insurance provider’s stock worth $154,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 77.55% of the company’s stock.

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In other news, EVP Kenneth Franklin Spence III sold 4,800 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $128.73, for a total transaction of $617,904.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the stock in a transaction on Monday, June 26th. The shares were sold at an average price of $127.49, for a total value of $703,489.82. Following the sale, the insider now owns 82,824 shares of the company’s stock, valued at approximately $10,559,231.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 150,395 shares of company stock valued at $19,249,559. 0.82% of the stock is owned by company insiders.

The Travelers Companies, Inc. (TRV) opened at 120.70 on Friday. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $130.37. The stock has a 50 day moving average price of $125.15 and a 200-day moving average price of $123.83. The stock has a market cap of $33.31 billion, a PE ratio of 12.02 and a beta of 1.21.

The Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by ($0.15). The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period last year, the company earned $2.20 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts expect that The Travelers Companies, Inc. will post $7.64 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.72 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a yield of 2.39%. The Travelers Companies’s dividend payout ratio is currently 28.77%.

The Travelers Companies declared that its Board of Directors has initiated a share buyback program on Monday, September 11th that permits the company to repurchase shares. This repurchase authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. ValuEngine upgraded The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Citigroup Inc. lifted their price objective 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. Vetr upgraded 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. Finally, Bank of America Corporation lowered The Travelers Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $120.62 to $129.44 in a research report on Monday, June 19th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The Travelers Companies has an average rating of “Hold” and an average target price of $126.26.

The Travelers Companies 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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Institutional Ownership by Quarter for The Travelers Companies (NYSE:TRV)

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