The Travelers Companies, Inc. (TRV) Stake Held by Westside Investment Management Inc.

Westside Investment Management Inc. held its position in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 876 shares of the insurance provider’s stock at the close of the second quarter. Westside Investment Management Inc.’s holdings in The Travelers Companies were worth $110,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in The Travelers Companies by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 21,769,557 shares of the insurance provider’s stock worth $2,754,501,000 after purchasing an additional 217,625 shares during the period. BlackRock Inc. raised its holdings in The Travelers Companies by 2,395.6% in the 1st quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock worth $2,459,383,000 after purchasing an additional 19,585,476 shares during the period. State Street Corp raised its holdings in The Travelers Companies by 1.6% in the 1st quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock worth $2,284,205,000 after purchasing an additional 304,049 shares during the period. FMR LLC raised its holdings in The Travelers Companies by 6.4% in the 2nd quarter. FMR LLC now owns 7,020,581 shares of the insurance provider’s stock worth $888,314,000 after purchasing an additional 424,036 shares during the period. Finally, AQR Capital Management LLC raised its holdings in The Travelers Companies by 9.4% in the 1st quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock worth $364,779,000 after purchasing an additional 260,838 shares during the period. 77.48% of the stock is owned by institutional investors.

In related news, Vice Chairman William H. Heyman sold 24,000 shares of The Travelers Companies stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $126.64, for a total transaction of $3,039,360.00. Following the completion of the transaction, the insider now directly owns 253,744 shares in the company, valued at approximately $32,134,140.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 14,000 shares of The Travelers Companies stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $125.79, for a total value of $1,761,060.00. Following the transaction, the insider now owns 253,744 shares of the company’s stock, valued at $31,918,457.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,323 shares of company stock valued at $16,436,703. Insiders own 0.82% of the company’s stock.

A number of equities analysts recently weighed in on the company. Citigroup Inc. reduced their price target on The Travelers Companies from $142.00 to $140.00 and set a “buy” rating for the company in a report on Monday, October 2nd. Zacks Investment Research raised The Travelers Companies from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. UBS AG reduced their target price on The Travelers Companies from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, September 19th. Wells Fargo & Company reissued a “hold” rating and set a $125.00 target price on shares of The Travelers Companies in a report on Tuesday, September 12th. Finally, Credit Suisse Group reduced their target price on The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, September 12th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $125.71.

TRADEMARK VIOLATION NOTICE: “The Travelers Companies, Inc. (TRV) Stake Held by Westside Investment Management Inc.” was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & international copyright law. The original version of this article can be viewed at https://sportsperspectives.com/2017/10/11/the-travelers-companies-inc-trv-stake-held-by-westside-investment-management-inc.html.

Shares of The Travelers Companies, Inc. (NYSE TRV) traded down 0.12% during trading on Wednesday, hitting $125.79. The company’s stock had a trading volume of 127,414 shares. The stock has a market cap of $34.71 billion, a PE ratio of 12.53 and a beta of 1.20. The company has a 50-day moving average price of $122.36 and a 200-day moving average price of $123.90. The Travelers Companies, Inc. has a one year low of $103.45 and a one year high of $130.37.

The Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.07 by ($0.15). The Travelers Companies had a net margin of 10.15% and a return on equity of 11.68%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the previous year, the business posted $2.20 earnings per share. The Travelers Companies’s revenue was up 4.7% on a year-over-year basis. Equities analysts predict that The Travelers Companies, Inc. will post $7.41 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.29%. The Travelers Companies’s payout ratio is 28.77%.

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)

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.

Latest News

Leave a Reply