Madison Investment Holdings Inc. lowered its position in Travelers Companies Inc (NYSE:TRV) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,566 shares of the insurance provider’s stock after selling 5,395 shares during the period. Madison Investment Holdings Inc.’s holdings in Travelers Companies were worth $14,455,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Stelac Advisory Services LLC bought a new position in Travelers Companies during the fourth quarter valued at about $101,000. Field & Main Bank bought a new position in Travelers Companies during the fourth quarter valued at about $102,000. Fieldpoint Private Securities LLC bought a new position in Travelers Companies during the third quarter valued at about $106,000. Valeo Financial Advisors LLC bought a new position in Travelers Companies during the third quarter valued at about $108,000. Finally, Security National Trust Co. grew its position in Travelers Companies by 260.9% during the third 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 period. Institutional investors own 78.91% of the company’s stock.
Travelers Companies Inc (NYSE:TRV) opened at $139.74 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.28. The firm has a market cap of $37,359.35, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.84 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.
Travelers Companies (NYSE:TRV) last issued its earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.28). The business had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $6.47 billion. Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. Travelers Companies’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.20 EPS. sell-side analysts expect that Travelers Companies Inc will post 10.59 EPS for the current fiscal year.
Travelers Companies declared that its board has approved 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. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be given a dividend of $0.72 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.88 dividend on an annualized basis and a yield of 2.06%. Travelers Companies’s dividend payout ratio is presently 39.40%.
In other news, Vice Chairman William H. Heyman sold 2,022 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $140.37, for a total value of $283,828.14. Following the completion of the transaction, the insider now directly owns 242,244 shares in the company, valued at $34,003,790.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maria Olivo sold 33,225 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total transaction of $4,458,130.50. The disclosure for this sale can be found here. Insiders have sold 187,578 shares of company stock valued at $27,257,713 in the last quarter. Company insiders own 0.82% of the company’s stock.
Several equities analysts recently weighed in on TRV shares. Barclays restated a “hold” rating and set a $140.00 price target (up previously from $135.00) on shares of Travelers Companies in a research report on Sunday, February 18th. B. Riley restated a “neutral” rating on shares of Travelers Companies in a research report on Monday, November 6th. Keefe, Bruyette & Woods restated a “buy” rating and set a $152.00 price target on shares of Travelers Companies in a research report on Wednesday, December 6th. Wells Fargo & Co restated a “market perform” rating and set a $142.00 price target on shares of Travelers Companies in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $137.20.
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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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