Crossmark Global Holdings Inc. bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,812 shares of the insurance provider’s stock, valued at approximately $4,755,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC grew its stake in The Travelers Companies by 4.9% in the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 37 shares during the period. Westside Investment Management Inc. grew its stake in The Travelers Companies by 361.1% in the first quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after purchasing an additional 686 shares during the period. Tradewinds Capital Management LLC grew its stake in The Travelers Companies by 1.1% in the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after purchasing an additional 10 shares during the period. Intellectus Partners LLC grew its stake in The Travelers Companies by 4.6% in the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock worth $118,000 after purchasing an additional 41 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its stake in The Travelers Companies by 3.6% in the second quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock worth $126,000 after purchasing an additional 35 shares during the period. 77.63% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Andy F. Bessette sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total transaction of $265,960.00. Following the completion of the sale, the executive vice president now owns 8,000 shares in the company, valued at $1,063,840. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.82% of the stock is currently owned by corporate insiders.
The Travelers Companies, Inc. (NYSE TRV) traded down $0.89 during trading on Friday, reaching $129.92. The company had a trading volume of 2,372,061 shares, compared to its average volume of 1,497,834. The stock has a market capitalization of $35,800.00, a PE ratio of 16.34, a PEG ratio of 2.52 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.41 and a current ratio of 0.41. The Travelers Companies, Inc. has a 12 month low of $110.82 and a 12 month high of $135.71.
The Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). The firm had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.46 billion. The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.40 EPS. equities research analysts anticipate that The Travelers Companies, Inc. will post 7.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Friday, December 8th. The Travelers Companies’s dividend payout ratio (DPR) is presently 33.29%.
The Travelers Companies announced that its Board of Directors has approved a share repurchase program on Monday, September 11th that authorizes the company to repurchase shares. This repurchase authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
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Several brokerages recently weighed in on TRV. Wells Fargo & Company set a $125.00 price target on The Travelers Companies and gave the stock a “hold” rating in a research note on Tuesday. MKM Partners reissued a “neutral” rating and issued a $130.00 target price (up from $115.00) on shares of The Travelers Companies in a report on Wednesday, July 26th. Citigroup Inc. dropped their target price on The Travelers Companies from $142.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, October 2nd. B. Riley reissued a “neutral” rating on shares of The Travelers Companies in a report on Monday, November 6th. Finally, Buckingham Research assumed coverage on The Travelers Companies in a report on Monday, September 11th. They issued a “buy” rating and a $136.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $128.54.
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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