Mark Sheptoff Financial Planning LLC Holds Position in The Travelers Companies, Inc. (TRV)

Mark Sheptoff Financial Planning LLC continued to hold its position in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,238 shares of the insurance provider’s stock at the close of the second quarter. Mark Sheptoff Financial Planning LLC’s holdings in The Travelers Companies were worth $1,042,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Balasa Dinverno & Foltz LLC grew its stake in shares of The Travelers Companies by 0.3% in the 1st quarter. Balasa Dinverno & Foltz LLC now owns 3,448 shares of the insurance provider’s stock worth $416,000 after buying an additional 9 shares during the last quarter. Tradewinds Capital Management LLC grew its stake in shares of The Travelers Companies by 1.1% in the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after buying an additional 10 shares during the last quarter. Community Bank N.A. grew its stake in shares of The Travelers Companies by 0.7% in the 2nd quarter. Community Bank N.A. now owns 1,435 shares of the insurance provider’s stock worth $181,000 after buying an additional 10 shares during the last quarter. Northern Oak Wealth Management Inc. grew its stake in shares of The Travelers Companies by 0.5% in the 1st quarter. Northern Oak Wealth Management Inc. now owns 4,873 shares of the insurance provider’s stock worth $587,000 after buying an additional 23 shares during the last quarter. Finally, Lee Danner & Bass Inc. grew its stake in shares of The Travelers Companies by 0.4% in the 2nd quarter. Lee Danner & Bass Inc. now owns 6,574 shares of the insurance provider’s stock worth $832,000 after buying an additional 24 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 business’s stock in a transaction on Monday, August 14th. The shares were 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 SEC, which can be accessed through the SEC website. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the business’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $128.72, for a total transaction of $710,276.96. Following the sale, the insider now directly owns 82,824 shares in the company, valued at $10,661,105.28. The disclosure for this sale can be found here. Insiders sold 150,395 shares of company stock worth $19,249,559 over the last ninety days. Corporate insiders own 0.82% of the company’s stock.

Several analysts recently weighed in on TRV shares. Zacks Investment Research downgraded The Travelers Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, September 5th. ValuEngine upgraded The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Citigroup Inc. upped their price target on The Travelers Companies from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Vetr upgraded The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price target on the stock in a research note on Tuesday, June 27th. Finally, Bank of America Corporation downgraded The Travelers Companies from a “buy” rating to a “neutral” rating and upped their price target for the stock from $120.62 to $129.44 in a research note 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 assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $126.26.

The Travelers Companies, Inc. (NYSE TRV) opened at 120.70 on Friday. The company has a 50-day moving average price of $125.15 and a 200 day moving average price of $123.83. The Travelers Companies, Inc. has a 52-week low of $103.45 and a 52-week high of $130.37. The company has a market capitalization of $33.31 billion, a PE ratio of 12.02 and a beta of 1.21.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $6.31 billion. During the same period in the prior year, the firm posted $2.20 earnings per share. The Travelers Companies’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that The Travelers Companies, Inc. will post $7.64 earnings per share for the current year.

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

The Travelers Companies announced that its Board of Directors has authorized a share repurchase plan on Monday, September 11th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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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