Exxonmobil Investment Management Inc. TX decreased its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 13.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,519 shares of the insurance provider’s stock after selling 6,873 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Travelers Companies were worth $5,903,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in TRV. Abner Herrman & Brock LLC lifted its holdings in shares of Travelers Companies by 6.5% during the fourth quarter. Abner Herrman & Brock LLC now owns 62,879 shares of the insurance provider’s stock worth $8,529,000 after buying an additional 3,853 shares in the last quarter. Atlantic Trust Group LLC lifted its holdings in shares of Travelers Companies by 2.4% during the third quarter. Atlantic Trust Group LLC now owns 22,224 shares of the insurance provider’s stock worth $2,722,000 after buying an additional 520 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Travelers Companies by 2.4% during the third quarter. Parametric Portfolio Associates LLC now owns 1,561,234 shares of the insurance provider’s stock worth $191,282,000 after buying an additional 36,402 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Travelers Companies during the third quarter worth $337,000. Finally, Crestwood Advisors Group LLC lifted its holdings in shares of Travelers Companies by 1.1% during the third quarter. Crestwood Advisors Group LLC now owns 126,221 shares of the insurance provider’s stock worth $15,465,000 after buying an additional 1,362 shares in the last quarter. 78.49% of the stock is owned by institutional investors and hedge funds.
In other Travelers Companies news, EVP Andy F. Bessette sold 2,000 shares of Travelers Companies stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total value of $265,960.00. Following the transaction, the executive vice president now owns 8,000 shares in the company, valued at $1,063,840. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maria Olivo sold 33,225 shares of Travelers Companies stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total value of $4,458,130.50. The disclosure for this sale can be found here. Insiders sold 55,302 shares of company stock worth $7,347,753 in the last 90 days. 0.82% of the stock is owned by company insiders.
Travelers Companies Inc (NYSE:TRV) opened at $132.11 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.41 and a quick ratio of 0.41. Travelers Companies Inc has a 12-month low of $113.76 and a 12-month high of $137.95. The company has a market capitalization of $36,160.00, a price-to-earnings ratio of 15.29, a P/E/G ratio of 1.81 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 EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the business posted $2.40 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. analysts expect that Travelers Companies Inc will post 6.64 EPS for the current fiscal year.
Travelers Companies declared that its board has initiated a share buyback plan on Thursday, November 9th 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 usually an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 11th were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Friday, December 8th. Travelers Companies’s payout ratio is currently 33.33%.
A number of equities research analysts have recently weighed in on TRV shares. Citigroup dropped their target price on Travelers Companies from $142.00 to $140.00 and set a “buy” rating for the company in a report on Monday, October 2nd. Royal Bank of Canada lifted their target price on Travelers Companies to $140.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Zacks Investment Research raised Travelers Companies from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Bank of America raised Travelers Companies from a “neutral” rating to a “buy” rating in a report on Tuesday. Finally, B. Riley reissued a “neutral” rating on shares of Travelers Companies in a report on Monday, November 6th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $134.38.
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About 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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