Hexavest Inc. lessened its position in shares of Travelers Companies Inc (NYSE:TRV) by 79.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,237 shares of the insurance provider’s stock after selling 8,531 shares during the quarter. Hexavest Inc.’s holdings in Travelers Companies were worth $303,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of TRV. Fieldpoint Private Securities LLC purchased a new stake in Travelers Companies during the 3rd quarter valued at about $106,000. Valeo Financial Advisors LLC purchased a new stake in Travelers Companies during the 3rd quarter valued at about $108,000. Intellectus Partners LLC grew its stake in Travelers Companies by 4.6% during the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after purchasing an additional 41 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in Travelers Companies by 3.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after purchasing an additional 35 shares during the last quarter. Finally, Omnia Family Wealth LLC grew its stake in Travelers Companies by 4.7% during the 2nd quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock valued at $128,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 78.49% of the company’s stock.
In related news, EVP Maria Olivo sold 33,225 shares of the company’s 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 20,077 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was 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 directly owns 21,619 shares of the company’s stock, valued at approximately $2,825,170.92. The disclosure for this sale can be found here. Insiders sold a total of 55,302 shares of company stock valued at $7,347,753 in the last ninety days. 0.82% of the stock is currently owned by insiders.
Travelers Companies Inc (NYSE:TRV) opened at $134.73 on Monday. The firm has a market capitalization of $36,875.06, a PE ratio of 15.65, a P/E/G ratio of 1.91 and a beta of 1.25. 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 quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.29.
Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). The business had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.46 billion. Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.40 EPS. analysts forecast that Travelers Companies Inc will post 6.64 earnings per share for the current fiscal year.
Travelers Companies announced that its board has approved a stock buyback program on Thursday, November 9th that permits the company to buyback shares. This buyback authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 11th were issued a $0.72 dividend. The ex-dividend date was Friday, December 8th. This represents a $2.88 dividend on an annualized basis and a yield of 2.14%. Travelers Companies’s payout ratio is 33.45%.
Several analysts have weighed in on the company. UBS Group boosted their price target on Travelers Companies from $131.00 to $139.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Argus boosted their price target on Travelers Companies from $139.00 to $145.00 and gave the company a “positive” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Wells Fargo & Co set a $125.00 price target on Travelers Companies and gave the company a “hold” rating in a research note on Tuesday, November 14th. ValuEngine cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating in a report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus 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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