Green Square Capital LLC lessened its holdings in Travelers Companies Inc (NYSE:TRV) by 12.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,266 shares of the insurance provider’s stock after selling 1,018 shares during the period. Green Square Capital LLC’s holdings in Travelers Companies were worth $890,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently bought and sold shares of TRV. Valeo Financial Advisors LLC purchased a new stake in shares of Travelers Companies in the 3rd quarter valued at $108,000. Tradewinds Capital Management LLC raised its holdings in shares of Travelers Companies by 1.1% in the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after buying an additional 10 shares during the period. Intellectus Partners LLC raised its holdings in shares of Travelers Companies by 4.6% in the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after buying an additional 41 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in shares of Travelers Companies by 3.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after buying an additional 35 shares during the period. Finally, Omnia Family Wealth LLC raised its holdings in shares of Travelers Companies by 4.7% in the 2nd quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock valued at $128,000 after buying an additional 46 shares during the period. Hedge funds and other institutional investors own 78.67% of the company’s stock.
In other news, EVP Maria Olivo sold 33,225 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $134.18, for a total value of $4,458,130.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 20,077 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $130.68, for a total value of $2,623,662.36. Following the completion of the transaction, the executive vice president now owns 21,619 shares in the company, valued at approximately $2,825,170.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,302 shares of company stock worth $7,347,753. Company insiders own 0.82% of the company’s stock.
Several equities research analysts recently issued reports on TRV shares. Zacks Investment Research downgraded Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. ValuEngine upgraded Travelers Companies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Credit Suisse Group cut their price objective on Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, September 12th. Citigroup boosted their price objective on Travelers Companies from $143.00 to $151.00 and gave the company a “buy” rating in a report on Friday, October 20th. Finally, UBS upped their price target on Travelers Companies from $131.00 to $139.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $132.01.
Shares of Travelers Companies Inc (NYSE TRV) traded down $0.45 during midday trading on Wednesday, reaching $133.90. The company’s stock had a trading volume of 849,634 shares, compared to its average volume of 1,492,969. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.29. Travelers Companies Inc has a 12 month low of $113.76 and a 12 month high of $137.95. The stock has a market cap of $36,445.35, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 2.62 and a beta of 1.25.
Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The company had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter last year, the company earned $2.40 EPS. Travelers Companies’s revenue for the quarter was up 4.2% compared to the same quarter last year. analysts anticipate that Travelers Companies Inc will post 6.76 EPS for the current year.
Travelers Companies declared that its board has approved a share repurchase plan on Monday, September 11th that allows the company to repurchase outstanding shares. This repurchase authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.15%. Travelers Companies’s payout ratio is currently 33.45%.
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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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