Oak Associates Ltd. OH Has $8.14 Million Stake in The Travelers Companies, Inc. (TRV)

Oak Associates Ltd. OH grew its position in The Travelers Companies, Inc. (NYSE:TRV) by 5.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,360 shares of the insurance provider’s stock after purchasing an additional 3,600 shares during the period. Oak Associates Ltd. OH’s holdings in The Travelers Companies were worth $8,143,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Tradewinds Capital Management LLC raised its holdings in shares of The Travelers Companies by 1.1% in the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 10 shares during the last quarter. Community Bank N.A. increased its holdings in The Travelers Companies by 0.7% during the second 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. First Business Financial Services Inc. increased its holdings in The Travelers Companies by 0.5% during the second quarter. First Business Financial Services Inc. now owns 4,362 shares of the insurance provider’s stock worth $552,000 after buying an additional 20 shares during the last quarter. Northern Oak Wealth Management Inc. increased its holdings in The Travelers Companies by 0.5% during the first 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. increased its holdings in The Travelers Companies by 0.4% during the second 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. Institutional investors own 77.40% of the company’s stock.

The Travelers Companies, Inc. (NYSE TRV) traded up 1.60% during trading on Monday, hitting $128.70. 643,556 shares of the stock were exchanged. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $130.37. The company has a 50-day moving average price of $122.17 and a 200 day moving average price of $124.01. The firm has a market capitalization of $35.51 billion, a price-to-earnings ratio of 12.82 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS 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 for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the previous year, the company earned $2.20 EPS. The Travelers Companies’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts predict that The Travelers Companies, Inc. will post $7.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were paid a dividend of $0.72 per share. The ex-dividend date was Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.27%. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.

The Travelers Companies declared that its Board of Directors has initiated a share buyback plan 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 plans are often an indication that the company’s management believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: “Oak Associates Ltd. OH Has $8.14 Million Stake in The Travelers Companies, Inc. (TRV)” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/16/oak-associates-ltd-oh-has-8-14-million-stake-in-the-travelers-companies-inc-trv.html.

In related news, EVP Michael Frederick Klein sold 10,051 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $127.47, for a total transaction of $1,281,200.97. Following the completion of the transaction, the executive vice president now directly owns 1,542 shares in the company, valued at approximately $196,558.74. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were 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 122,805 shares of company stock valued at $15,743,311. 0.82% of the stock is currently owned by corporate insiders.

A number of research firms recently issued reports on TRV. Barclays PLC raised their price objective on shares of The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. 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 report on Monday, June 19th. Keefe, Bruyette & Woods restated a “hold” rating on shares of The Travelers Companies in a report on Tuesday, June 20th. BidaskClub downgraded shares of The Travelers Companies from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally,

Several other hedge funds have also recently made changes to their positions in the company. Tradewinds Capital Management LLC raised its holdings in shares of The Travelers Companies by 1.1% in the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 10 shares during the last quarter. Community Bank N.A. increased its holdings in The Travelers Companies by 0.7% during the second 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. First Business Financial Services Inc. increased its holdings in The Travelers Companies by 0.5% during the second quarter. First Business Financial Services Inc. now owns 4,362 shares of the insurance provider’s stock worth $552,000 after buying an additional 20 shares during the last quarter. Northern Oak Wealth Management Inc. increased its holdings in The Travelers Companies by 0.5% during the first 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. increased its holdings in The Travelers Companies by 0.4% during the second 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. Institutional investors own 77.40% of the company’s stock.

The Travelers Companies, Inc. (NYSE TRV) traded up 1.60% during trading on Monday, hitting $128.70. 643,556 shares of the stock were exchanged. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $130.37. The company has a 50-day moving average price of $122.17 and a 200 day moving average price of $124.01. The firm has a market capitalization of $35.51 billion, a price-to-earnings ratio of 12.82 and a beta of 1.20.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, July 20th. The insurance provider reported $1.92 EPS 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 for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the previous year, the company earned $2.20 EPS. The Travelers Companies’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts predict that The Travelers Companies, Inc. will post $7.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were paid a dividend of $0.72 per share. The ex-dividend date was Thursday, September 7th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.27%. The Travelers Companies’s dividend payout ratio (DPR) is presently 28.77%.

The Travelers Companies declared that its Board of Directors has initiated a share buyback plan 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 plans are often an indication that the company’s management believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: “Oak Associates Ltd. OH Has $8.14 Million Stake in The Travelers Companies, Inc. (TRV)” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/16/oak-associates-ltd-oh-has-8-14-million-stake-in-the-travelers-companies-inc-trv.html.

In related news, EVP Michael Frederick Klein sold 10,051 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $127.47, for a total transaction of $1,281,200.97. Following the completion of the transaction, the executive vice president now directly owns 1,542 shares in the company, valued at approximately $196,558.74. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were 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 122,805 shares of company stock valued at $15,743,311. 0.82% of the stock is currently owned by corporate insiders.

A number of research firms recently issued reports on TRV. Barclays PLC raised their price objective on shares of The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. 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 report on Monday, June 19th. Keefe, Bruyette & Woods restated a “hold” rating on shares of The Travelers Companies in a report on Tuesday, June 20th. BidaskClub downgraded shares of The Travelers Companies from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada restated a “buy” rating and set a $135.00 price objective on shares of The Travelers Companies in a report on Monday, August 21st. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The Travelers Companies presently has a consensus rating of “Hold” and an average price target of $125.71.

About The Travelers Companies

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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