Victory Capital Management Inc. raised its stake in Travelers Companies Inc (NYSE:TRV) by 10.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 36,141 shares of the insurance provider’s stock after purchasing an additional 3,370 shares during the period. Victory Capital Management Inc.’s holdings in Travelers Companies were worth $4,902,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BerganKDV Wealth Management LLC increased its position in shares of Travelers Companies by 3.5% in the 4th quarter. BerganKDV Wealth Management LLC now owns 10,951 shares of the insurance provider’s stock worth $1,485,000 after purchasing an additional 375 shares during the last quarter. Afam Capital Inc. grew its position in shares of Travelers Companies by 2.0% during the 3rd quarter. Afam Capital Inc. now owns 19,280 shares of the insurance provider’s stock valued at $2,362,000 after buying an additional 383 shares during the last quarter. Private Trust Co. NA grew its position in shares of Travelers Companies by 14.3% during the 4th quarter. Private Trust Co. NA now owns 3,100 shares of the insurance provider’s stock valued at $420,000 after buying an additional 387 shares during the last quarter. Davis R M Inc. grew its position in shares of Travelers Companies by 6.1% during the 3rd quarter. Davis R M Inc. now owns 6,716 shares of the insurance provider’s stock valued at $823,000 after buying an additional 389 shares during the last quarter. Finally, First Allied Advisory Services Inc. grew its position in shares of Travelers Companies by 2.2% during the 3rd quarter. First Allied Advisory Services Inc. now owns 19,025 shares of the insurance provider’s stock valued at $2,339,000 after buying an additional 411 shares during the last quarter. 78.59% of the stock is owned by institutional investors.
TRV has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Travelers Companies from $119.00 to $124.00 and gave the company an “underweight” rating in a research report on Friday, October 20th. Citigroup boosted their price objective on shares of Travelers Companies from $143.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Royal Bank of Canada boosted their price objective on shares of Travelers Companies to $140.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Argus boosted their price objective on shares of Travelers Companies from $139.00 to $145.00 and gave the company a “positive” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Travelers Companies from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $136.07.
In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,022 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $140.37, for a total transaction of $283,828.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas M. Kunkel sold 9,595 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $150.09, for a total transaction of $1,440,113.55. Following the transaction, the executive vice president now directly owns 28,956 shares of the company’s stock, valued at $4,346,006.04. The disclosure for this sale can be found here. Insiders have sold a total of 183,621 shares of company stock valued at $26,505,369 over the last three months. 0.82% of the stock is currently owned by company insiders.
Travelers Companies Inc (NYSE:TRV) opened at $141.16 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.41 and a current ratio of 0.39. The stock has a market cap of $38,238.78, a PE ratio of 19.31, a price-to-earnings-growth ratio of 1.88 and a beta of 1.26. Travelers Companies Inc has a one year low of $113.76 and a one year high of $150.55.
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). The firm had revenue of $7.45 billion for the quarter, compared to analyst estimates of $6.47 billion. Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.20 earnings per share. equities research analysts predict that Travelers Companies Inc will post 10.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, March 8th. Travelers Companies’s payout ratio is 39.40%.
Travelers Companies announced that its Board of Directors has authorized a share repurchase program on Thursday, November 9th that authorizes the company to repurchase shares. This repurchase authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
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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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