Braun Stacey Associates Inc. reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 35.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,701 shares of the insurance provider’s stock after selling 17,815 shares during the period. Braun Stacey Associates Inc.’s holdings in The Travelers Companies were worth $4,007,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. USS Investment Management Ltd lifted its position in shares of The Travelers Companies by 23.6% during the first quarter. USS Investment Management Ltd now owns 253,400 shares of the insurance provider’s stock valued at $30,544,000 after purchasing an additional 48,400 shares in the last quarter. Bank of The Ozarks increased its holdings in The Travelers Companies by 2.6% during the first quarter. Bank of The Ozarks now owns 3,903 shares of the insurance provider’s stock worth $471,000 after buying an additional 100 shares during the last quarter. Glenview Trust Co increased its holdings in The Travelers Companies by 8.0% during the first quarter. Glenview Trust Co now owns 61,178 shares of the insurance provider’s stock worth $7,375,000 after buying an additional 4,515 shares during the last quarter. Clinton Group Inc. increased its stake in shares of The Travelers Companies by 148.1% in the first quarter. Clinton Group Inc. now owns 14,414 shares of the insurance provider’s stock worth $1,737,000 after purchasing an additional 8,604 shares in the last quarter. Finally, Wayne Hummer Investments L.L.C. purchased a new position in shares of The Travelers Companies in the first quarter worth about $417,000. 78.36% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on the stock. Citigroup Inc. restated a “buy” rating and issued a $148.00 price objective (down from $150.00) on shares of The Travelers Companies in a research report on Monday, July 24th. Buckingham Research assumed coverage on shares of The Travelers Companies in a research report on Monday, September 11th. They issued a “buy” rating and a $136.00 price objective for the company. ValuEngine upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Royal Bank Of Canada restated a “buy” rating and issued a $135.00 price objective on shares of The Travelers Companies in a report on Monday, August 21st. Finally, Barclays PLC lifted their target price on shares of The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $128.54.
The Travelers Companies, Inc. (NYSE:TRV) traded up $1.01 during trading on Friday, hitting $135.54. The company had a trading volume of 2,107,100 shares, compared to its average volume of 1,646,049. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.41 and a quick ratio of 0.41. The Travelers Companies, Inc. has a 12-month low of $109.10 and a 12-month high of $135.71. The firm has a market capitalization of $37,096.76, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.
The Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($1.19). The company had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.46 billion. The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.40 earnings per share. analysts expect that The Travelers Companies, Inc. will post 7.23 EPS for the current fiscal year.
The Travelers Companies declared that its Board of Directors has approved a stock buyback plan on Monday, September 11th that allows the company to repurchase outstanding shares. This repurchase authorization allows the insurance provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Friday, December 8th. The Travelers Companies’s dividend payout ratio (DPR) is presently 33.45%.
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In related news, EVP Kenneth Franklin Spence III sold 4,800 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $128.73, for a total transaction of $617,904.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.82% of the stock is owned by insiders.
About The Travelers Companies
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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