Metropolitan Life Insurance Co. NY cut its position in Travelers Companies Inc (NYSE:TRV) by 67.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,464 shares of the insurance provider’s stock after selling 88,566 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Travelers Companies were worth $5,760,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of TRV. Deutsche Bank AG raised its position in Travelers Companies by 57.2% in the fourth quarter. Deutsche Bank AG now owns 1,491,661 shares of the insurance provider’s stock valued at $202,322,000 after purchasing an additional 542,744 shares during the last quarter. Viking Global Investors LP bought a new position in Travelers Companies in the fourth quarter valued at about $67,245,000. Cramer Rosenthal Mcglynn LLC bought a new position in Travelers Companies in the fourth quarter valued at about $61,721,000. Amundi Pioneer Asset Management Inc. bought a new position in Travelers Companies in the fourth quarter valued at about $44,466,000. Finally, Gillson Capital LP bought a new position in Travelers Companies in the fourth quarter valued at about $36,435,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.
In related news, CFO Jay S. Benet sold 4,437 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $141.03, for a total transaction of $625,750.11. Following the completion of the sale, the chief financial officer now owns 89,737 shares of the company’s stock, valued at $12,655,609.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip T. Ruegger III bought 1,600 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $136.44 per share, with a total value of $218,304.00. Following the purchase, the director now directly owns 28,277 shares of the company’s stock, valued at $3,858,113.88. The disclosure for this purchase can be found here. Insiders have sold 187,164 shares of company stock valued at $27,453,916 in the last ninety days. 0.82% of the stock is currently owned by insiders.
Several equities analysts have commented on the company. ValuEngine downgraded 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 target price on shares of Travelers Companies in a research report on Friday, December 8th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $152.00 target price on shares of Travelers Companies in a research report on Wednesday, December 6th. Zacks Investment Research downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Finally, Barclays reissued a “hold” rating and issued a $140.00 price target (up previously from $135.00) on shares of Travelers Companies in a research note on Sunday, February 18th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $137.20.
Shares of Travelers Companies stock opened at $141.32 on Monday. The firm has a market capitalization of $38,358.21, a PE ratio of 19.33, a PEG ratio of 1.89 and a beta of 1.29. 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 Inc has a one year low of $113.76 and a one year high of $150.55.
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 consensus estimate of $2.56 by ($0.28). Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The business had revenue of $7.45 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same period in the prior year, the business earned $3.20 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. sell-side analysts expect that Travelers Companies Inc will post 10.59 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a dividend of $0.72 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.88 annualized dividend and a yield of 2.04%. Travelers Companies’s dividend payout ratio is currently 39.40%.
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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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