The Manufacturers Life Insurance Company Sells 27,364 Shares of Travelers Companies Inc (TRV)

The Manufacturers Life Insurance Company trimmed its stake in shares of Travelers Companies Inc (NYSE:TRV) by 8.8% during the 4th quarter, Holdings Channel reports. The fund owned 282,723 shares of the insurance provider’s stock after selling 27,364 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Travelers Companies were worth $38,349,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Field & Main Bank bought a new position in Travelers Companies during the 4th quarter worth approximately $102,000. Fieldpoint Private Securities LLC bought a new position in Travelers Companies during the 3rd quarter worth approximately $106,000. Valeo Financial Advisors LLC bought a new position in Travelers Companies during the 3rd quarter worth approximately $108,000. Security National Trust Co. grew its position in Travelers Companies by 260.9% during the 3rd quarter. Security National Trust Co. now owns 1,043 shares of the insurance provider’s stock worth $128,000 after acquiring an additional 754 shares during the last quarter. Finally, Grove Bank & Trust grew its position in Travelers Companies by 390.2% during the 3rd quarter. Grove Bank & Trust now owns 1,098 shares of the insurance provider’s stock worth $135,000 after acquiring an additional 874 shares during the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.

Several equities analysts recently issued reports on the company. Wells Fargo & Co set a $125.00 price target on Travelers Companies and gave the stock a “hold” rating in a research report on Tuesday, November 14th. UBS Group raised their price target on Travelers Companies from $131.00 to $139.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. ValuEngine lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Royal Bank of Canada reiterated a “buy” rating and issued a $148.00 price objective on shares of Travelers Companies in a research report on Friday, December 8th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $152.00 price objective on shares of Travelers Companies in a research report on Wednesday, December 6th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $137.20.

Shares of Travelers Companies Inc (NYSE TRV) opened at $139.07 on Wednesday. The firm has a market capitalization of $38,314.78, a P/E ratio of 19.42, a PEG ratio of 1.88 and a beta of 1.26. Travelers Companies Inc has a 1 year low of $113.76 and a 1 year 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 0.39.

Travelers Companies (NYSE:TRV) last released its earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 EPS for the quarter, missing the Zacks’ consensus estimate of $2.56 by ($0.28). The firm had revenue of $7.45 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.20 EPS. equities research analysts anticipate that Travelers Companies Inc will post 10.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Thursday, March 8th. Travelers Companies’s payout ratio is presently 39.40%.

Travelers Companies declared that its board has approved a share buyback plan on Thursday, November 9th that permits the company to repurchase shares. This repurchase authorization permits the insurance provider to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

In other news, EVP Thomas M. Kunkel sold 9,595 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $150.09, for a total value of $1,440,113.55. Following the completion of the transaction, the executive vice president now owns 28,956 shares in the company, valued at approximately $4,346,006.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 21,064 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $140.72, for a total value of $2,964,126.08. Following the completion of the transaction, the executive vice president now owns 22,606 shares of the company’s stock, valued at approximately $3,181,116.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 184,608 shares of company stock valued at $26,845,833. 0.82% of the stock is currently owned by company 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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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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