First Allied Advisory Services Inc. raised its holdings in Travelers Companies Inc (NYSE:TRV) by 0.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 18,790 shares of the insurance provider’s stock after purchasing an additional 81 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Travelers Companies were worth $2,579,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in TRV. MinichMacGregor Wealth Management LLC increased its stake in shares of Travelers Companies by 2,427.3% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 11,575 shares of the insurance provider’s stock worth $1,418,000 after purchasing an additional 11,117 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Travelers Companies by 10.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 103,297 shares of the insurance provider’s stock worth $12,371,000 after purchasing an additional 10,145 shares during the period. Lodestar Investment Counsel LLC IL increased its stake in shares of Travelers Companies by 1.9% during the fourth quarter. Lodestar Investment Counsel LLC IL now owns 70,121 shares of the insurance provider’s stock worth $8,397,000 after purchasing an additional 1,275 shares during the period. Nachman Norwood & Parrott Inc bought a new position in shares of Travelers Companies during the fourth quarter worth approximately $300,000. Finally, Garner Asset Management Corp increased its stake in shares of Travelers Companies by 28.7% during the fourth quarter. Garner Asset Management Corp now owns 12,008 shares of the insurance provider’s stock worth $1,438,000 after purchasing an additional 2,678 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.
A number of brokerages have recently weighed in on TRV. Morgan Stanley increased their target price on Travelers Companies from $119.00 to $130.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 30th. Royal Bank of Canada reiterated a “neutral” rating and set a $145.00 target price on shares of Travelers Companies in a research note on Thursday, April 18th. Barclays increased their target price on Travelers Companies from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Zacks Investment Research lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Finally, MKM Partners increased their target price on Travelers Companies to $140.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $140.58.
In related news, CEO Alan D. Schnitzer sold 66,228 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $132.22, for a total transaction of $8,756,666.16. Following the sale, the chief executive officer now owns 134,252 shares of the company’s stock, valued at $17,750,799.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Gregory C. Toczydlowski sold 25,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $143.02, for a total value of $3,575,500.00. Following the sale, the executive vice president now directly owns 38,219 shares in the company, valued at approximately $5,466,081.38. The disclosure for this sale can be found here. Insiders have sold 299,931 shares of company stock worth $41,245,380 in the last three months. 0.73% of the stock is currently owned by company insiders.
Shares of NYSE:TRV opened at $145.71 on Wednesday. The company has a market cap of $37.56 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.30 and a beta of 1.08. Travelers Companies Inc has a 1 year low of $111.08 and a 1 year high of $146.38. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 0.38.
Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.76 by $0.07. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.94 billion. Travelers Companies had a return on equity of 10.86% and a net margin of 8.64%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.46 earnings per share. On average, analysts anticipate that Travelers Companies Inc will post 11.11 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, June 7th. This represents a $3.28 dividend on an annualized basis and a yield of 2.25%. This is an increase from Travelers Companies’s previous quarterly dividend of $0.77. Travelers Companies’s dividend payout ratio is currently 34.45%.
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Travelers Companies Company 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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