United Services Automobile Association decreased its stake in Travelers Companies Inc (NYSE:TRV) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,276 shares of the insurance provider’s stock after selling 5,209 shares during the period. United Services Automobile Association owned 0.06% of Travelers Companies worth $21,308,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of TRV. Carnick & Kubik Group LLC boosted its stake in Travelers Companies by 7.4% during the 3rd quarter. Carnick & Kubik Group LLC now owns 8,942 shares of the insurance provider’s stock worth $1,160,000 after purchasing an additional 617 shares during the period. Hartford Financial Management Inc. acquired a new stake in Travelers Companies during the 2nd quarter worth $205,000. Nuance Investments LLC boosted its stake in Travelers Companies by 16.2% during the 2nd quarter. Nuance Investments LLC now owns 630,719 shares of the insurance provider’s stock worth $77,162,000 after purchasing an additional 88,049 shares during the period. Valeo Financial Advisors LLC acquired a new stake in Travelers Companies during the 2nd quarter worth $464,000. Finally, Andra AP fonden boosted its stake in Travelers Companies by 1.4% during the 3rd quarter. Andra AP fonden now owns 66,600 shares of the insurance provider’s stock worth $8,639,000 after purchasing an additional 900 shares during the period. Institutional investors and hedge funds own 79.50% of the company’s stock.
Shares of TRV opened at $126.69 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $34.53 billion, a PE ratio of 17.40, a P/E/G ratio of 1.05 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.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 18th. The insurance provider reported $2.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.28. The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.83 billion. Travelers Companies had a net margin of 8.18% and a return on equity of 10.86%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 EPS. On average, equities research analysts forecast that Travelers Companies Inc will post 9.76 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 10th will be issued a $0.77 dividend. The ex-dividend date is Friday, December 7th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.43%. Travelers Companies’s dividend payout ratio is presently 42.31%.
TRV has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating in a research note on Friday, October 12th. Credit Suisse Group set a $141.00 price objective on shares of Travelers Companies and gave the stock a “hold” rating in a research report on Wednesday, November 14th. Wells Fargo & Co cut their price objective on shares of Travelers Companies from $142.00 to $136.00 and set a “market perform” rating for the company in a research report on Friday, October 19th. Citigroup downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $149.00 to $134.00 in a research report on Friday, October 19th. Finally, TheStreet upgraded shares of Travelers Companies from a “c+” rating to a “b” rating in a research report on Thursday, August 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $137.31.
In other news, EVP Andy F. Bessette sold 1,666 shares of the stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $126.17, for a total value of $210,199.22. Following the completion of the transaction, the executive vice president now owns 8,457 shares in the company, valued at approximately $1,067,019.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.
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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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