Capital Returns Management LLC Acquires New Stake in Travelers Companies Inc (TRV)

Capital Returns Management LLC bought a new position in Travelers Companies Inc (NYSE:TRV) in the 3rd quarter, HoldingsChannel reports. The fund bought 1,700 shares of the insurance provider’s stock, valued at approximately $221,000. Travelers Companies makes up approximately 0.1% of Capital Returns Management LLC’s investment portfolio, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Port Capital LLC purchased a new stake in Travelers Companies in the third quarter worth approximately $214,000. Epoch Investment Partners Inc. boosted its stake in Travelers Companies by 15.5% in the third quarter. Epoch Investment Partners Inc. now owns 138,791 shares of the insurance provider’s stock worth $18,003,000 after buying an additional 18,608 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. boosted its stake in Travelers Companies by 1.1% in the third quarter. Woodley Farra Manion Portfolio Management Inc. now owns 239,568 shares of the insurance provider’s stock worth $31,074,000 after buying an additional 2,689 shares in the last quarter. People s United Financial Inc. boosted its stake in Travelers Companies by 3.1% in the third quarter. People s United Financial Inc. now owns 39,693 shares of the insurance provider’s stock worth $5,149,000 after buying an additional 1,188 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. boosted its stake in Travelers Companies by 14.6% in the third quarter. Honkamp Krueger Financial Services Inc. now owns 3,323 shares of the insurance provider’s stock worth $431,000 after buying an additional 424 shares in the last quarter. 79.50% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Andy F. Bessette sold 1,666 shares of the stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $126.17, for a total transaction of $210,199.22. Following the completion of the sale, the executive vice president now owns 8,457 shares of the company’s stock, valued at $1,067,019.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Several brokerages have issued reports on TRV. Credit Suisse Group set a $141.00 target price on Travelers Companies and gave the stock a “hold” rating in a research note on Wednesday, November 14th. Wells Fargo & Co cut their target price on Travelers Companies from $142.00 to $136.00 and set a “market perform” rating for the company in a research note on Friday, October 19th. Citigroup lowered Travelers Companies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $149.00 to $134.00 in a research note on Friday, October 19th. Zacks Investment Research raised Travelers Companies from a “sell” rating to a “hold” rating in a research note on Friday, October 12th. Finally, TheStreet raised Travelers Companies from a “c+” rating to a “b” rating in a research note on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $136.08.

NYSE:TRV opened at $125.41 on Friday. The company has a market cap of $33.56 billion, a PE ratio of 17.23, a P/E/G ratio of 1.03 and a beta of 1.19. 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 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 quarterly earnings data on Thursday, October 18th. The insurance provider reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.91 earnings per share. Sell-side analysts anticipate that Travelers Companies Inc will post 9.66 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 10th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Friday, December 7th. Travelers Companies’s dividend payout ratio (DPR) is presently 42.31%.

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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.

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

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