The Travelers Companies, Inc. (TRV) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 0.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 812,827 shares of the insurance provider’s stock after buying an additional 2,709 shares during the period. Alliancebernstein L.P. owned 0.29% of The Travelers Companies worth $97,978,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. First Personal Financial Services boosted its position in The Travelers Companies by 133.3% in the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock worth $107,000 after buying an additional 508 shares during the last quarter. Bartlett & Co. LLC boosted its position in The Travelers Companies by 30.0% in the first quarter. Bartlett & Co. LLC now owns 1,399 shares of the insurance provider’s stock worth $169,000 after buying an additional 323 shares during the last quarter. Community Bank N.A. boosted its position in The Travelers Companies by 39.0% in the first quarter. Community Bank N.A. now owns 1,425 shares of the insurance provider’s stock worth $172,000 after buying an additional 400 shares during the last quarter. Clean Yield Group acquired a new position in The Travelers Companies during the first quarter worth approximately $176,000. Finally, Rockefeller Financial Services Inc. boosted its position in The Travelers Companies by 14.3% in the first quarter. Rockefeller Financial Services Inc. now owns 1,563 shares of the insurance provider’s stock worth $188,000 after buying an additional 195 shares during the last quarter. Institutional investors and hedge funds own 77.92% of the company’s stock.

The Travelers Companies, Inc. (TRV) opened at 126.23 on Tuesday. The Travelers Companies, Inc. has a 12-month low of $103.45 and a 12-month high of $129.60. The company has a 50-day moving average of $124.75 and a 200 day moving average of $121.62. The firm has a market cap of $35.27 billion, a price-to-earnings ratio of 12.42 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, April 20th. The insurance provider reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by $0.24. The firm had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.25 billion. The Travelers Companies had a return on equity of 12.01% and a net margin of 10.55%. The Travelers Companies’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the business earned $2.33 EPS. Equities analysts expect that The Travelers Companies, Inc. will post $9.19 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 9th were paid a dividend of $0.72 per share. This is a positive change from The Travelers Companies’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.28%. The Travelers Companies’s payout ratio is presently 28.40%.

The Travelers Companies declared that its Board of Directors has initiated a stock repurchase program on Thursday, April 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the insurance provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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Several equities research analysts have issued reports on the stock. Citigroup Inc. raised their price objective on shares of The Travelers Companies from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. BidaskClub downgraded shares of The Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Bank of America Corporation downgraded shares of The Travelers Companies from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $120.62 to $129.44 in a research report on Monday, June 19th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of The Travelers Companies in a research report on Tuesday, June 20th. Finally, Vetr upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target for the company in a research report on Tuesday, June 27th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $123.47.

In related news, COO Brian W. Maclean sold 87,916 shares of The Travelers Companies stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $120.01, for a total transaction of $10,550,799.16. Following the completion of the transaction, the chief operating officer now directly owns 210,602 shares of the company’s stock, valued at approximately $25,274,346.02. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Andy F. Bessette sold 9,379 shares of The Travelers Companies stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $121.60, for a total transaction of $1,140,486.40. Following the transaction, the executive vice president now directly owns 14,420 shares of the company’s stock, valued at $1,753,472. The disclosure for this sale can be found here. Insiders have sold a total of 184,746 shares of company stock worth $22,540,057 in the last ninety days. 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.

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

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