Independence Advisors LLC purchased a new position in shares of Travelers Companies Inc (NYSE:TRV) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,278 shares of the insurance provider’s stock, valued at approximately $309,000.
Other large investors have also recently added to or reduced their stakes in the company. Carnick & Kubik Group LLC bought a new stake in shares of Travelers Companies during the third quarter worth about $758,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Travelers Companies during the 3rd quarter worth $78,058,000. Point72 Asset Management L.P. bought a new position in shares of Travelers Companies during the 3rd quarter worth $8,254,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Travelers Companies by 4.6% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 58,457 shares of the insurance provider’s stock worth $7,162,000 after acquiring an additional 2,567 shares during the period. Finally, Vaughan David Investments Inc. IL grew its stake in shares of Travelers Companies by 1,454.3% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 219,728 shares of the insurance provider’s stock worth $26,387,000 after acquiring an additional 205,591 shares during the period. Institutional investors own 78.49% of the company’s stock.
In other Travelers Companies news, EVP Andy F. Bessette sold 2,000 shares of the firm’s 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 sale, the executive vice president now owns 8,000 shares of the company’s stock, valued at approximately $1,063,840. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 20,077 shares of the firm’s 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 sale, the executive vice president now directly 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 90 days, insiders sold 55,302 shares of company stock valued at $7,347,753. 0.82% of the stock is owned by corporate insiders.
Several research analysts have recently weighed in on the company. Goldman Sachs Group assumed coverage on Travelers Companies in a research note on Monday, December 4th. They set a “sell” rating and a $124.00 price target for the company. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $152.00 price target on shares of Travelers Companies in a research note on Wednesday, December 6th. Royal Bank of Canada reiterated a “buy” rating and set a $148.00 price target on shares of Travelers Companies in a research note on Friday, December 8th. B. Riley reiterated a “neutral” rating on shares of Travelers Companies in a research note on Monday, November 6th. Finally, Argus increased their price target on Travelers Companies from $139.00 to $145.00 and gave the stock a “positive” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $134.38.
Shares of Travelers Companies Inc (TRV) traded up $0.23 during midday trading on Friday, reaching $132.34. The company’s stock had a trading volume of 1,046,400 shares, compared to its average volume of 1,464,787. Travelers Companies Inc has a fifty-two week low of $113.76 and a fifty-two week high of $137.95. 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 company has a market cap of $36,220.00, a P/E ratio of 15.32, a P/E/G ratio of 1.81 and a beta of 1.25.
Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the 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 prior year, the business earned $2.40 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities research analysts predict that Travelers Companies Inc will post 6.64 EPS for the current fiscal year.
Travelers Companies announced that its board has authorized a stock repurchase 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. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 11th were paid a $0.72 dividend. The ex-dividend date of this dividend was Friday, December 8th. This represents a $2.88 annualized dividend and a yield of 2.18%. Travelers Companies’s dividend payout ratio is currently 33.33%.
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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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