Victory Capital Management Inc. Purchases 1,119,743 Shares of Travelers Companies Inc (TRV)

Victory Capital Management Inc. boosted its position in Travelers Companies Inc (NYSE:TRV) by 3,351.0% during the 3rd quarter, Holdings Channel reports. The fund owned 1,153,158 shares of the insurance provider’s stock after buying an additional 1,119,743 shares during the quarter. Victory Capital Management Inc.’s holdings in Travelers Companies were worth $149,576,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Moody National Bank Trust Division boosted its holdings in Travelers Companies by 1,496.7% during the third quarter. Moody National Bank Trust Division now owns 136,996 shares of the insurance provider’s stock worth $17,770,000 after buying an additional 128,416 shares during the last quarter. First National Trust Co boosted its holdings in Travelers Companies by 3.4% during the third quarter. First National Trust Co now owns 36,327 shares of the insurance provider’s stock worth $4,712,000 after buying an additional 1,201 shares during the last quarter. Vantage Investment Partners LLC boosted its holdings in Travelers Companies by 1.5% during the third quarter. Vantage Investment Partners LLC now owns 70,127 shares of the insurance provider’s stock worth $9,096,000 after buying an additional 1,055 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Travelers Companies by 1.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 672,774 shares of the insurance provider’s stock worth $87,262,000 after buying an additional 9,459 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its holdings in Travelers Companies by 3.7% during the third quarter. Bradley Foster & Sargent Inc. CT now owns 37,493 shares of the insurance provider’s stock worth $4,863,000 after buying an additional 1,352 shares during the last quarter. Institutional investors and hedge funds own 79.44% of the company’s stock.

In related news, Vice Chairman Jay S. Benet sold 8,876 shares of Travelers Companies stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $132.00, for a total value of $1,171,632.00. Following the sale, the insider now owns 94,176 shares of the company’s stock, valued at approximately $12,431,232. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andy F. Bessette sold 8,892 shares of Travelers Companies stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $130.78, for a total value of $1,162,895.76. Following the completion of the sale, the executive vice president now directly owns 10,551 shares in the company, valued at approximately $1,379,859.78. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

A number of equities analysts have issued reports on the company. Zacks Investment Research cut Travelers Companies from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. TheStreet upgraded Travelers Companies from a “c+” rating to a “b” rating in a report on Thursday, August 30th. B. Riley raised their target price on Travelers Companies from $118.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Citigroup raised their target price on Travelers Companies from $144.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, July 30th. Finally, ValuEngine upgraded Travelers Companies from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $136.36.

NYSE:TRV opened at $124.90 on Friday. Travelers Companies Inc has a fifty-two week low of $119.67 and a fifty-two week high of $150.55. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.29. The stock has a market cap of $33.14 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.00 and a beta of 1.19.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 18th. The insurance provider reported $2.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.26 by $0.28. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. The business had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the previous year, the business posted $0.91 EPS. Travelers Companies’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Travelers Companies Inc will post 9.88 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 10th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Friday, December 7th. Travelers Companies’s dividend payout ratio (DPR) is presently 42.31%.

About Travelers Companies

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.

Read More: Technical Analysis of Stocks, How Can It Help

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travelers Companies Inc (NYSE:TRV).

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply