Trade Report: The Baker Ellis Asset Management LLC reaches $267,000 position of The Travelers Cos. (TRV)

The Baker Ellis Asset Management LLC reaches $267,000 position  of The Travelers Cos. (TRV)

Baker Ellis Asset Management LLC continued to hold its stake in shares of The Travelers Cos. (NYSE:TRV) during the second quarter, Holdings Channel reports. The fund owned 2,245 shares of the company’s stock at the end of the second quarter. Baker Ellis Asset Management LLC’s holdings in The Travelers Cos. were worth $267,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Bank of Montreal Can purchased a new stake in shares of The Travelers Cos. during the second quarter valued at about $374,228,000. UBS Asset Management Americas Inc. raised its stake in shares of The Travelers Cos. by 32.7% in the first quarter. UBS Asset Management Americas Inc. now owns 2,236,907 shares of the company’s stock valued at $261,070,000 after buying an additional 551,568 shares during the period. Riverhead Capital Management LLC raised its stake in shares of The Travelers Cos. by 45.6% in the first quarter. Riverhead Capital Management LLC now owns 487,388 shares of the company’s stock valued at $56,884,000 after buying an additional 152,586 shares during the period. BB&T Securities LLC raised its stake in shares of The Travelers Cos. by 730.0% in the first quarter. BB&T Securities LLC now owns 152,068 shares of the company’s stock valued at $17,747,000 after buying an additional 133,747 shares during the period. Finally, Seminole Management Co. Inc. raised its stake in shares of The Travelers Cos. by 149.9% in the second quarter. Seminole Management Co. Inc. now owns 167,430 shares of the company’s stock valued at $19,931,000 after buying an additional 100,430 shares during the period. 80.13% of the stock is owned by hedge funds and other institutional investors.

The Travelers Cos. (NYSE:TRV) traded up 1.19% during mid-day trading on Friday, reaching $114.53. The company’s stock had a trading volume of 1,604,520 shares. The firm’s 50 day moving average is $115.83 and its 200-day moving average is $115.09. The Travelers Cos. has a one year low of $101.23 and a one year high of $119.32. The stock has a market cap of $33.02 billion, a P/E ratio of 11.02 and a beta of 1.14.

The Travelers Cos. (NYSE:TRV) last announced its quarterly earnings results on Thursday, July 21st. The company reported $2.24 EPS for the quarter, beating the Zacks’ consensus estimate of $2.19 by $0.05. The Travelers Cos. had a net margin of 11.70% and a return on equity of 13.06%. The firm earned $6.79 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter last year, the firm earned $2.52 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts expect that The Travelers Cos. will post $9.54 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Wednesday, September 7th. The Travelers Cos.’s payout ratio is 25.92%.

Several equities research analysts have issued reports on TRV shares. Zacks Investment Research raised The Travelers Cos. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Bank of America Corp. raised The Travelers Cos. from a “neutral” rating to a “buy” rating and set a $127.00 price target for the company in a research note on Tuesday, June 28th. They noted that the move was a valuation call. Credit Suisse Group AG reaffirmed a “hold” rating and set a $111.00 price target on shares of The Travelers Cos. in a research note on Tuesday, August 23rd. Citigroup Inc. reaffirmed a “neutral” rating on shares of The Travelers Cos. in a research note on Tuesday, June 21st. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $109.00 price objective (up previously from $105.00) on shares of The Travelers Cos. in a report on Saturday, October 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $116.75.

In related news, Vice Chairman William H. Heyman sold 4,246 shares of the stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $118.98, for a total value of $505,189.08. Following the sale, the insider now directly owns 231,500 shares of the company’s stock, valued at approximately $27,543,870. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jay S. Benet sold 5,797 shares of the stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $118.12, for a total transaction of $684,741.64. Following the completion of the sale, the chief financial officer now directly owns 71,352 shares in the company, valued at $8,428,098.24. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by corporate insiders.

The Travelers Cos. Company Profile

The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.

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