Fisher Asset Management LLC trimmed its position in shares of Travelers Companies Inc (NYSE:TRV) by 62.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,425 shares of the insurance provider’s stock after selling 3,987 shares during the quarter. Fisher Asset Management LLC’s holdings in Travelers Companies were worth $315,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of TRV. USS Investment Management Ltd raised its holdings in shares of Travelers Companies by 5.0% in the third quarter. USS Investment Management Ltd now owns 75,400 shares of the insurance provider’s stock worth $9,778,000 after acquiring an additional 3,600 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Travelers Companies in the third quarter worth $567,000. GW Henssler & Associates Ltd. raised its holdings in shares of Travelers Companies by 1.2% in the third quarter. GW Henssler & Associates Ltd. now owns 135,677 shares of the insurance provider’s stock worth $17,599,000 after acquiring an additional 1,604 shares during the last quarter. Weatherstone Capital Management raised its holdings in shares of Travelers Companies by 14.8% in the third quarter. Weatherstone Capital Management now owns 3,149 shares of the insurance provider’s stock worth $408,000 after acquiring an additional 405 shares during the last quarter. Finally, Arlington Partners LLC acquired a new position in shares of Travelers Companies in the third quarter worth $159,000. Institutional investors own 79.44% of the company’s stock.
A number of equities analysts have recently weighed in on the company. TheStreet cut Travelers Companies from a “b” rating to a “c+” rating in a report on Thursday, July 19th. Zacks Investment Research cut Travelers Companies from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. MKM Partners cut their price target on Travelers Companies to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 24th. B. Riley boosted their price target on Travelers Companies from $118.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Finally, Citigroup boosted their price target on Travelers Companies from $144.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, July 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $136.36.
Travelers Companies stock opened at $124.90 on Monday. The firm has a market capitalization of $33.08 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 0.99 and a beta of 1.19. Travelers Companies Inc has a 52 week low of $119.67 and a 52 week high of $150.55. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.29.
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 Thomson Reuters’ consensus estimate of $2.26 by $0.28. The firm had revenue of $6.88 billion during the quarter, compared to analyst estimates of $6.83 billion. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 earnings per share. Research analysts predict that Travelers Companies Inc will post 9.88 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 10th will be paid a $0.77 dividend. The ex-dividend date is Friday, December 7th. This represents a $3.08 annualized dividend and a yield of 2.47%. Travelers Companies’s payout ratio is currently 42.31%.
In other Travelers Companies news, EVP Andy F. Bessette sold 8,892 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $130.78, for a total transaction 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 $1,379,859.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Jay S. Benet sold 8,876 shares of the company’s stock in a transaction dated 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 $12,431,232. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.
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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