Stephens Inc. AR lessened its stake in Travelers Companies Inc (NYSE:TRV) by 20.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,696 shares of the insurance provider’s stock after selling 10,517 shares during the quarter. Stephens Inc. AR’s holdings in Travelers Companies were worth $5,384,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of TRV. Carnick & Kubik Group LLC acquired a new stake in Travelers Companies during the third quarter worth $758,000. Robeco Institutional Asset Management B.V. purchased a new position in Travelers Companies in the third quarter valued at $78,058,000. Point72 Asset Management L.P. purchased a new position in Travelers Companies in the third quarter valued at $8,254,000. Abner Herrman & Brock LLC boosted its holdings in Travelers Companies by 6.5% in the fourth quarter. Abner Herrman & Brock LLC now owns 62,879 shares of the insurance provider’s stock valued at $8,529,000 after purchasing an additional 3,853 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Travelers Companies by 4.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 58,457 shares of the insurance provider’s stock valued at $7,162,000 after purchasing an additional 2,567 shares during the period. 78.59% of the stock is owned by hedge funds and other institutional investors.
Shares of Travelers Companies Inc (NYSE TRV) traded up $1.75 during trading hours on Wednesday, hitting $140.33. The stock had a trading volume of 1,201,674 shares, compared to its average volume of 2,198,743. Travelers Companies Inc has a fifty-two week low of $113.76 and a fifty-two week high of $150.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.39 and a quick ratio of 0.41. The stock has a market cap of $37,491.20, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.84 and a beta of 1.26.
Travelers Companies (NYSE:TRV) last posted its earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.28). Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The company had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the previous year, the company posted $3.20 EPS. Travelers Companies’s quarterly revenue was up 3.6% compared to the same quarter last year. sell-side analysts expect that Travelers Companies Inc will post 10.59 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a $0.72 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.88 annualized dividend and a yield of 2.05%. Travelers Companies’s dividend payout ratio (DPR) is presently 39.40%.
Travelers Companies declared that its board has authorized a share repurchase plan on Thursday, November 9th that permits the company to repurchase shares. This repurchase authorization permits the insurance provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
A number of research analysts recently issued reports on TRV shares. Royal Bank of Canada reiterated a “buy” rating and issued a $148.00 target price on shares of Travelers Companies in a report on Friday, December 8th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $152.00 price target on shares of Travelers Companies in a research note on Wednesday, December 6th. Citigroup lifted their target price on Travelers Companies from $143.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Friday, January 5th. Finally, Bank of America upgraded Travelers Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 9th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Travelers Companies has an average rating of “Hold” and a consensus price target of $136.07.
In related news, COO Brian W. Maclean sold 88,607 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $149.29, for a total transaction of $13,228,139.03. Following the completion of the sale, the chief operating officer now directly owns 211,293 shares of the company’s stock, valued at approximately $31,543,931.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 20,077 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was 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 directly owns 21,619 shares of the company’s stock, valued at $2,825,170.92. The disclosure for this sale can be found here. Insiders sold a total of 181,599 shares of company stock valued at $26,221,541 over the last quarter. 0.82% of the stock is currently owned by insiders.
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Travelers Companies Company 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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