FDx Advisors Inc. increased its stake in Travelers Companies Inc. (NYSE: TRV) by 55.3% in the fourth quarter, the company said in its recent filing with the Securities and Exchange Commission. The institutional investor held 19,481 shares in the insurance company after having acquired a further 6,934 shares during the reporting period. FDx Advisors Inc.'s holdings in Travelers Companies amounted to $ 2,333,000 following its recent filing with the Securities and Exchange Commission.
Recently, other institutional investors and hedge funds have bought and sold shares in the company. MinichMacGregor Wealth Management LLC increased its position in travel companies by 2,427.3% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 11,575 shares of the insurance company worth $ 1,418,000, having acquired a further 11,117 shares during the period. Carnick & Kubik Group LLC increased its position in travel companies by 7.4% in the third quarter. Carnick & Kubik Group LLC now owns 8,942 shares of the insurance company worth $ 1,160,000, after acquiring a further 617 shares during the period. Rossmore Private Capital increased its position in passenger services by 45.9% in the third quarter. Rossmore Private Capital now owns 7,061 shares of the insurance company, valued at $ 916,000, after a further 2,221 shares were acquired during the period. Lodestar Investment Counsel LLC IL increased its stake in Travelers Companies by 1.9% in the fourth quarter. Lodestar Investment Counsel LLC IL now owns 70,121 shares of the insurance company worth $ 8,397,000, after acquiring another 1,275 shares in the last quarter. Finally, Nachman Norwood & Parrott Inc. bought a new position in Travelers Companies worth about $ 300,000 in the fourth quarter. Institutional investors hold 79.91% of the company's stock.
Several analysts have published reports on TRV shares. Credit Suisse Group made a neutral valuation of Travelers Companies' shares on Wednesday, January 23. Morgan Stanley lowered its price target for Travelers Companies from $ 126.00 to $ 119.00 and underweighted the company on Thursday, January 3. Compass Point began reporting on shares of Travelers Companies on Tuesday, January 15. You set a buy rating and target price of $ 155.00 for the company. The Royal Bank of Canada lowered Travelers Companies' stock from outperformance to industry valuation and set a price target of $ 133.00 for the company. in a report on Tuesday, December 11th. Finally, Barclays has upgraded Travelers Companies' shares from an Equilibrium Ratio to an Overweight Rating and has raised the price target for the stock on Wednesday, January 9, from $ 135.00 to $ 145.00. Two stock analysts rated the stock with a sell rating, eight gave a hold rating and three gave a buy rating for the stock. Traveling Company currently has an average rating of "Hold" and a consensus target price of $ 138.33.
Shares of NYSE: TRV climbed $ 1.12 on Friday morning to $ 134.18. The company had a trading volume of 2,112,711 shares compared to an average volume of 1,446,706. The company has a market capitalization of $ 35.34 billion, a P / E ratio of 15.01, a P / E / G ratio of 0.94, and a beta of 1.07. The company has a fast rate of 0.38, a current rate of 0.38 and a leverage ratio of 0.29. Travelers Companies Inc. has an annual low of $ 111.08 and an annual high of $ 142.64.
Travelers Companies (NYSE: TRV) released quarterly results on Tuesday, January 22nd. The insurer posted a profit of $ 2.13 per share for the quarter, exceeding the consensus estimate of $ 1.98 by $ 0.15. The company generated $ 6.95 billion in revenue over the quarter, compared to analyst estimates of $ 6.92 billion. Travelers Companies had a net margin of 8.32% and a return on equity of 10.69%. Travelers Companies revenue for the quarter increased 4.8% year-over-year. In the same quarter last year, the company achieved a profit of $ 2.28. On average, analysts expect Travelers Companies Inc. to report EPS 11.18 in the current fiscal year.
The company also recently approved a quarterly dividend, which will be paid on Friday, March 29. Shareholders registered on Monday, March 11, will receive a dividend of $ 0.77 per share. The ex-dividend day of this dividend is Friday, March 8. This equates to a dividend of $ 3.08 on an annualized basis and a 2.30% return. The dividend payout ratio (DPR) is currently 34.45%.
In other News from Travelers Companies, Deputy Chairman William H. Heyman sold 3,500 shares of the company on Tuesday, February 26, as part of a transaction. The shares were sold at an average price of $ 133.55 on a total transaction of $ 467,425.00. Upon completion of the sale, the insider now owns 243,245 shares worth approximately $ 32,485,369.75. The sale was published in a document filed with the Securities & Exchange Commission the SEC website, The CEO Alan D. Schnitzer sold 66,228 shares of the company on Monday, February 25 in a transaction. The shares were sold at an average price of $ 132.22 on a total transaction of $ 8,756,666.16. Following the sale, the Chief Executive Officer now owns 134,252 shares worth approximately $ 17,750,799.44. The disclosure for this sale can be found Here, Insiders have sold a total of 118,894 shares worth 15,566,097 shares in the last 90 days. Currently, 0.80% of the shares are owned by corporate insiders.
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Profile of travelers
The Travelers Companies, Inc., through its affiliates, provides companies, government agencies, associations and individuals in the United States and internationally with a range of products and services in the area of industrial and personal property as well as accident insurance. The company operates in three segments: corporate insurance, bond and special insurance and personal insurance.
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