Teachers Advisors LLC cut its stake in shares of The Travelers Companies (NYSE:TRV) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 723,976 shares of the insurance provider’s stock after selling 50,808 shares during the period. Teachers Advisors LLC owned 0.27% of The Travelers Companies worth $98,200,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. BerganKDV Wealth Management LLC lifted its position in The Travelers Companies by 3.5% during the fourth quarter. BerganKDV Wealth Management LLC now owns 10,951 shares of the insurance provider’s stock worth $1,485,000 after acquiring an additional 375 shares during the last quarter. Afam Capital Inc. lifted its position in The Travelers Companies by 2.0% during the third quarter. Afam Capital Inc. now owns 19,280 shares of the insurance provider’s stock worth $2,362,000 after acquiring an additional 383 shares during the last quarter. Private Trust Co. NA lifted its position in The Travelers Companies by 14.3% during the fourth quarter. Private Trust Co. NA now owns 3,100 shares of the insurance provider’s stock worth $420,000 after acquiring an additional 387 shares during the last quarter. FDx Advisors Inc. lifted its position in The Travelers Companies by 2.6% during the fourth quarter. FDx Advisors Inc. now owns 15,071 shares of the insurance provider’s stock worth $2,044,000 after acquiring an additional 389 shares during the last quarter. Finally, First Allied Advisory Services Inc. lifted its position in The Travelers Companies by 2.2% during the third quarter. First Allied Advisory Services Inc. now owns 19,025 shares of the insurance provider’s stock worth $2,339,000 after acquiring an additional 411 shares during the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.
Several equities research analysts have issued reports on TRV shares. Royal Bank of Canada restated a “buy” rating and set a $148.00 price objective on shares of The Travelers Companies in a research report on Friday, December 8th. Bank of America upgraded shares of The Travelers Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 9th. Zacks Investment Research upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a research report on Friday, January 5th. Citigroup lifted their price target on shares of The Travelers Companies from $156.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, March 27th. Finally, Wells Fargo set a $142.00 price target on shares of The Travelers Companies and gave the company a “hold” rating in a research report on Monday, April 2nd. Three 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 Travelers Companies presently has a consensus rating of “Hold” and an average price target of $137.88.
In other The Travelers Companies news, CFO Jay S. Benet sold 4,437 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $141.03, for a total transaction of $625,750.11. Following the completion of the transaction, the chief financial officer now directly owns 89,737 shares in the company, valued at $12,655,609.11. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Philip T. Ruegger III bought 1,600 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $136.44 per share, for a total transaction of $218,304.00. Following the purchase, the director now owns 28,277 shares of the company’s stock, valued at approximately $3,858,113.88. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 200,475 shares of company stock valued at $29,286,574. Company insiders own 0.82% of the company’s stock.
Shares of TRV opened at $137.25 on Friday. The Travelers Companies has a one year low of $113.76 and a one year high of $150.55. The company has a market cap of $37,628.07, a price-to-earnings ratio of 18.85, a PEG ratio of 1.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.39 and a quick ratio of 0.39.
The Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.28). The Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The firm had revenue of $7.45 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the prior year, the firm earned $3.20 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. sell-side analysts anticipate that The Travelers Companies will post 10.62 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 9th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $2.88 annualized dividend and a yield of 2.10%. The Travelers Companies’s dividend payout ratio is currently 39.56%.
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The Travelers Companies Profile
The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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