Cullinan Associates Inc. Boosts Stake in Travelers Companies Inc (TRV)

Cullinan Associates Inc. increased its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,066 shares of the insurance provider’s stock after purchasing an additional 1,700 shares during the period. Cullinan Associates Inc.’s holdings in Travelers Companies were worth $4,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of TRV. Victory Capital Management Inc. raised its holdings in shares of Travelers Companies by 3,351.0% during the third quarter. Victory Capital Management Inc. now owns 1,153,158 shares of the insurance provider’s stock worth $149,576,000 after purchasing an additional 1,119,743 shares during the last quarter. Bank of Montreal Can increased its holdings in Travelers Companies by 106.7% in the third quarter. Bank of Montreal Can now owns 1,024,894 shares of the insurance provider’s stock valued at $132,939,000 after buying an additional 529,067 shares in the last quarter. Millennium Management LLC increased its holdings in Travelers Companies by 655.9% in the second quarter. Millennium Management LLC now owns 600,893 shares of the insurance provider’s stock valued at $73,513,000 after buying an additional 521,397 shares in the last quarter. Federated Investors Inc. PA increased its holdings in Travelers Companies by 81.5% in the third quarter. Federated Investors Inc. PA now owns 1,118,357 shares of the insurance provider’s stock valued at $145,062,000 after buying an additional 502,287 shares in the last quarter. Finally, Bank of Nova Scotia increased its holdings in Travelers Companies by 489.9% in the second quarter. Bank of Nova Scotia now owns 385,534 shares of the insurance provider’s stock valued at $47,166,000 after buying an additional 320,180 shares in the last quarter. 79.46% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. Barclays raised shares of Travelers Companies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $135.00 to $145.00 in a report on Wednesday. Morgan Stanley cut their price objective on shares of Travelers Companies from $126.00 to $119.00 and set an “underweight” rating for the company in a report on Thursday, January 3rd. Zacks Investment Research reaffirmed a “sell” rating on shares of Travelers Companies in a report on Monday, December 31st. Credit Suisse Group reaffirmed a “hold” rating and issued a $141.00 price objective on shares of Travelers Companies in a report on Thursday, December 20th. Finally, Royal Bank of Canada cut shares of Travelers Companies from an “outperform” rating to a “sector perform” rating and set a $133.00 price objective for the company. in a report on Tuesday, December 11th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $135.08.

In related news, EVP Andy F. Bessette sold 1,666 shares of the business’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $126.17, for a total transaction of $210,199.22. Following the transaction, the executive vice president now directly owns 8,457 shares in the company, valued at $1,067,019.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

Shares of NYSE TRV opened at $120.47 on Friday. Travelers Companies Inc has a 52-week low of $111.08 and a 52-week high of $150.55. The stock has a market capitalization of $31.44 billion, a PE ratio of 16.55, a P/E/G ratio of 0.82 and a beta of 1.14. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 18th. The insurance provider reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.28. The firm had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.83 billion. Travelers Companies had a net margin of 8.18% and a return on equity of 10.86%. Travelers Companies’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. Research analysts predict that Travelers Companies Inc will post 9.3 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Monday, December 10th were given a dividend of $0.77 per share. The ex-dividend date was Friday, December 7th. This represents a $3.08 dividend on an annualized basis and a yield of 2.56%. Travelers Companies’s payout ratio 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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