Buckley Wealth Management LLC purchased a new stake in shares of Travelers Companies Inc (NYSE:TRV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,865 shares of the insurance provider’s stock, valued at approximately $253,000.
Other institutional investors have also added to or reduced their stakes in the company. Field & Main Bank acquired a new position in Travelers Companies in the 4th quarter valued at $102,000. Fieldpoint Private Securities LLC acquired a new position in Travelers Companies in the 3rd quarter valued at $106,000. Valeo Financial Advisors LLC acquired a new position in Travelers Companies in the 3rd quarter valued at $108,000. Security National Trust Co. grew its stake in Travelers Companies by 260.9% in the 3rd quarter. Security National Trust Co. now owns 1,043 shares of the insurance provider’s stock valued at $128,000 after buying an additional 754 shares during the last quarter. Finally, Grove Bank & Trust grew its stake in Travelers Companies by 390.2% in the 3rd quarter. Grove Bank & Trust now owns 1,098 shares of the insurance provider’s stock valued at $135,000 after buying an additional 874 shares during the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.
Shares of Travelers Companies Inc (NYSE:TRV) opened at $138.58 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.39 and a debt-to-equity ratio of 0.28. The stock has a market cap of $37,950.00, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.83 and a beta of 1.26. Travelers Companies Inc has a 12-month low of $113.76 and a 12-month high of $150.55.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.28). The company had revenue of $7.45 billion during the quarter, compared to analyst estimates of $6.47 billion. Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.20 earnings per share. sell-side analysts predict that Travelers Companies Inc will post 10.59 earnings per share for the current fiscal year.
Travelers Companies announced that its Board of Directors has authorized a stock repurchase plan on Thursday, November 9th that allows the company to buyback outstanding shares. This buyback authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.88 annualized dividend and a dividend yield of 2.08%. Travelers Companies’s dividend payout ratio (DPR) is currently 33.33%.
In other Travelers Companies news, Director Todd C. Schermerhorn bought 1,120 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were acquired at an average cost of $134.21 per share, for a total transaction of $150,315.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael Frederick Klein sold 20,077 shares of Travelers Companies stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the sale, the executive vice president now owns 21,619 shares in the company, valued at $2,825,170.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 181,599 shares of company stock worth $26,221,541. 0.82% of the stock is owned by company insiders.
A number of research analysts recently issued reports on the stock. Atlantic Securities upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 target price on the stock in a research note on Friday, January 26th. Credit Suisse Group raised their target price on shares of Travelers Companies from $141.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Wells Fargo & Co reiterated a “market perform” rating and issued a $142.00 target price on shares of Travelers Companies in a research note on Tuesday, January 23rd. Bank of America upgraded shares of Travelers Companies from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 9th. Finally, Zacks Investment Research upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research note on Friday, January 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. Travelers Companies currently has an average rating of “Hold” and an average price target of $136.07.
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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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