Gabelli Funds LLC trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,000 shares of the insurance provider’s stock after selling 2,000 shares during the period. Gabelli Funds LLC’s holdings in The Travelers Companies were worth $16,663,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in TRV. CWM LLC increased its holdings in The Travelers Companies by 4.9% during the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock worth $100,000 after buying an additional 37 shares during the last quarter. Westside Investment Management Inc. increased its stake in shares of 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 in the last quarter. Tradewinds Capital Management LLC increased its stake in shares of 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 in the last quarter. Intellectus Partners LLC grew its stake in The Travelers Companies by 4.6% during the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after acquiring an additional 41 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in The Travelers Companies by 3.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after acquiring an additional 35 shares in the last quarter. 77.63% of the stock is currently owned by hedge funds and other institutional investors.
In other The Travelers Companies news, EVP Andy F. Bessette sold 2,000 shares of The Travelers Companies stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total value of $265,960.00. Following the transaction, the executive vice president now owns 8,000 shares in the company, valued at $1,063,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.82% of the stock is currently owned by company insiders.
TRV has been the subject of several research analyst reports. B. Riley reiterated a “neutral” rating on shares of The Travelers Companies in a research report on Monday, November 6th. Argus boosted their price objective on shares of The Travelers Companies from $139.00 to $145.00 and gave the stock a “positive” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. Wells Fargo & Company set a $125.00 price objective on shares of The Travelers Companies and gave the stock a “hold” rating in a report on Tuesday, November 14th. Morgan Stanley lifted their target price on shares of The Travelers Companies from $119.00 to $124.00 and gave the stock an “underweight” rating in a research note on Friday, October 20th. Finally, Citigroup Inc. boosted their price objective on shares of The Travelers Companies from $143.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. The Travelers Companies currently has a consensus rating of “Hold” and an average target price of $128.54.
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Shares of The Travelers Companies, Inc. (NYSE:TRV) traded down $0.89 on Friday, reaching $129.92. 2,367,329 shares of the company’s stock were exchanged, compared to its average volume of 1,708,637. The Travelers Companies, Inc. has a twelve month low of $110.82 and a twelve month high of $135.71. 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 stock has a market cap of $35,558.59, a price-to-earnings ratio of 15.86, a P/E/G ratio of 2.47 and a beta of 1.26.
The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). The Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The company had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the prior year, the business earned $2.40 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. equities research analysts expect that The Travelers Companies, Inc. will post 7.01 EPS for the current year.
The Travelers Companies announced that its board has approved a share buyback program on Monday, September 11th that permits the company to buyback shares. This buyback authorization permits the insurance provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be given a dividend of $0.72 per share. The ex-dividend date is Friday, December 8th. This represents a $2.88 annualized dividend and a dividend yield of 2.22%. The Travelers Companies’s dividend payout ratio (DPR) is 33.45%.
The Travelers Companies Profile
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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