United Services Automobile Association Has $11.36 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

United Services Automobile Association boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,273 shares of the insurance provider’s stock after buying an additional 1,813 shares during the period. United Services Automobile Association’s holdings in The Travelers Companies were worth $11,364,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. First Personal Financial Services raised its stake 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 valued at $107,000 after buying an additional 508 shares in the last quarter. Bartlett & Co. LLC raised its stake 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 valued at $169,000 after buying an additional 323 shares in the last quarter. Community Bank N.A. raised its stake 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 valued at $172,000 after buying an additional 400 shares in the last quarter. Clean Yield Group purchased a new stake in The Travelers Companies during the first quarter valued at $176,000. Finally, Rockefeller Financial Services Inc. raised its stake 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 valued at $188,000 after buying an additional 195 shares in the last quarter. Institutional investors own 77.87% of the company’s stock.

Shares of The Travelers Companies, Inc. (TRV) opened at 127.21 on Friday. The firm’s 50-day moving average price is $126.75 and its 200 day moving average price is $122.35. The Travelers Companies, Inc. has a 12-month low of $103.45 and a 12-month high of $129.60. The company has a market cap of $35.10 billion, a price-to-earnings ratio of 12.67 and a beta of 1.21.

The Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same quarter in the prior year, the firm earned $2.20 EPS. The Travelers Companies’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts predict that The Travelers Companies, Inc. will post $8.94 earnings per share for the current year.

The Travelers Companies announced that its board has initiated a stock buyback program on Thursday, April 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.88 annualized dividend and a dividend yield of 2.26%. The Travelers Companies’s dividend payout ratio is presently 28.77%.

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A number of research analysts have issued reports on TRV shares. Vetr upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective for the company in a research note on Monday, July 3rd. Royal Bank Of Canada reiterated a “buy” rating and set a $126.00 price objective on shares of The Travelers Companies in a research note on Monday, May 22nd. Argus upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research note on Monday, April 24th. Citigroup Inc. lifted their price objective on The Travelers Companies from $140.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, April 7th. Finally, BidaskClub upgraded The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $123.79.

In related news, Vice Chairman Jay S. Benet sold 5,518 shares of The Travelers Companies stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $125.00, for a total value of $689,750.00. Following the completion of the transaction, the insider now owns 82,824 shares in the company, valued at approximately $10,353,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John P. Clifford, Jr. sold 5,500 shares of The Travelers Companies stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $120.92, for a total value of $665,060.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,049 shares of company stock valued at $15,706,306. 0.82% of the stock is owned by company insiders.

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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