Strs Ohio lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 157,954 shares of the insurance provider’s stock after selling 1,975 shares during the period. Strs Ohio owned 0.06% of The Travelers Companies worth $19,352,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its stake in shares of 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 valued at $2,459,383,000 after purchasing an additional 19,585,476 shares during the period. FMR LLC lifted its stake in shares of The Travelers Companies by 42.1% in the 1st quarter. FMR LLC now owns 6,596,545 shares of the insurance provider’s stock valued at $795,148,000 after purchasing an additional 1,954,573 shares during the period. Balyasny Asset Management LLC lifted its stake in shares of The Travelers Companies by 2,272.4% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,471,130 shares of the insurance provider’s stock valued at $186,142,000 after purchasing an additional 1,409,121 shares during the period. FIL Ltd acquired a new position in shares of The Travelers Companies in the 2nd quarter valued at about $161,641,000. Finally, Janus Henderson Group PLC increased its position in The Travelers Companies by 3,559.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,305,445 shares of the insurance provider’s stock valued at $165,178,000 after buying an additional 1,269,774 shares in the last quarter. Institutional investors own 78.36% of the company’s stock.
In other The Travelers Companies news, EVP Kenneth Franklin Spence III sold 4,800 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $128.73, for a total value of $617,904.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.82% of the company’s stock.
A number of analysts recently commented on TRV shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $135.00 target price on shares of The Travelers Companies in a research report on Monday, August 21st. Citigroup Inc. decreased their price objective 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 Thursday, September 14th. Credit Suisse Group decreased their price objective 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. Finally, ValuEngine raised The Travelers Companies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $128.54.
The Travelers Companies, Inc. (NYSE TRV) traded up $1.01 on Friday, reaching $135.54. The company had a trading volume of 2,107,100 shares, compared to its average volume of 1,481,086. The company has a market capitalization of $36,820.31, a PE ratio of 16.43, a PEG ratio of 2.39 and a beta of 1.26. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1-year low of $109.10 and a 1-year high of $135.71.
The Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($1.19). The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The firm had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the company earned $2.40 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. equities research analysts predict that The Travelers Companies, Inc. will post 7.5 EPS for the current year.
The Travelers Companies declared that its board has authorized a share repurchase plan on Monday, September 11th that permits the company to buyback outstanding shares. This buyback authorization permits the insurance provider to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.88 annualized dividend and a yield of 2.12%. The Travelers Companies’s dividend payout ratio (DPR) is presently 33.45%.
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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.
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