Arizona State Retirement System boosted its stake in shares of Travelers Companies Inc (NYSE:TRV) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,216 shares of the insurance provider’s stock after acquiring an additional 1,024 shares during the quarter. Arizona State Retirement System’s holdings in Travelers Companies were worth $12,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of TRV. Hartford Financial Management Inc. purchased a new stake in Travelers Companies in the 2nd quarter worth approximately $205,000. Nuance Investments LLC lifted its holdings in Travelers Companies by 16.2% in the 2nd quarter. Nuance Investments LLC now owns 630,719 shares of the insurance provider’s stock worth $77,162,000 after buying an additional 88,049 shares during the period. Valeo Financial Advisors LLC purchased a new stake in Travelers Companies in the 2nd quarter worth approximately $464,000. Sky Investment Group LLC purchased a new stake in Travelers Companies in the 2nd quarter worth approximately $1,026,000. Finally, Centaurus Financial Inc. lifted its holdings in Travelers Companies by 74.2% in the 2nd quarter. Centaurus Financial Inc. now owns 1,956 shares of the insurance provider’s stock worth $239,000 after buying an additional 833 shares during the period. Institutional investors own 79.44% of the company’s stock.
Several equities research analysts have weighed in on TRV shares. Zacks Investment Research cut Travelers Companies from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Wells Fargo & Co reiterated a “hold” rating and issued a $142.00 price objective on shares of Travelers Companies in a report on Thursday, July 19th. B. Riley increased their price objective on Travelers Companies from $118.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Citigroup cut Travelers Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $149.00 to $134.00 in a report on Friday, October 19th. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $130.00 price objective on shares of Travelers Companies in a report on Friday, July 13th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. Travelers Companies currently has a consensus rating of “Hold” and an average price target of $136.36.
TRV opened at $125.20 on Friday. The company has a market capitalization of $33.34 billion, a PE ratio of 17.20, a PEG ratio of 1.00 and a beta of 1.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.39 and a quick ratio of 0.39. Travelers Companies Inc has a 52 week low of $119.67 and a 52 week high of $150.55.
Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 18th. The insurance provider reported $2.54 EPS for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.28. The company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.83 billion. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. As a group, research analysts expect that Travelers Companies Inc will post 9.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 10th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, December 7th. Travelers Companies’s payout ratio is presently 42.31%.
In other news, EVP Andy F. Bessette sold 8,892 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $130.78, for a total value of $1,162,895.76. Following the completion of the transaction, the executive vice president now owns 10,551 shares in the company, valued at approximately $1,379,859.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Jay S. Benet sold 8,876 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $132.00, for a total value of $1,171,632.00. Following the completion of the transaction, the insider now owns 94,176 shares of the company’s stock, valued at approximately $12,431,232. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.
Travelers Companies Company 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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