Nelson Roberts Investment Advisors LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 53,653 shares of the insurance provider’s stock, valued at approximately $6,574,000. The Travelers Companies comprises about 2.2% of Nelson Roberts Investment Advisors LLC’s holdings, making the stock its 14th biggest holding.
Several other institutional investors have also made changes to their positions in TRV. CWM LLC boosted its position in shares of The Travelers Companies by 4.9% during the 2nd quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 37 shares during the last quarter. Westside Investment Management Inc. lifted its position in The Travelers Companies by 361.1% in the 1st quarter. Westside Investment Management Inc. now owns 876 shares of the insurance provider’s stock worth $106,000 after buying an additional 686 shares during the last quarter. Tradewinds Capital Management LLC lifted its position in The Travelers Companies by 1.1% in the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after buying an additional 10 shares during the last quarter. Intellectus Partners LLC increased its stake in The Travelers Companies by 4.6% in the 2nd 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 increased its stake in The Travelers Companies by 3.6% in the 2nd 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. 78.14% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have commented on TRV shares. Citigroup Inc. decreased their price target on The Travelers Companies from $142.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, October 2nd. Buckingham Research initiated coverage on The Travelers Companies in a research note on Monday, September 11th. They set a “buy” rating and a $136.00 target price on the stock. ValuEngine raised The Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Royal Bank Of Canada reissued a “buy” rating and set a $135.00 target price on shares of The Travelers Companies in a research note on Monday, August 21st. Finally, Barclays PLC lifted their price target on The Travelers Companies from $119.00 to $122.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $128.54.
The Travelers Companies, Inc. (NYSE:TRV) opened at $130.01 on Thursday. The company has a market capitalization of $35,580.00, a P/E ratio of 15.85, a P/E/G ratio of 2.50 and a beta of 1.26. The Travelers Companies, Inc. has a one year low of $112.44 and a one year 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 Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.10 by ($1.19). The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The company had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the previous year, the business earned $2.40 earnings per share. The Travelers Companies’s revenue for the quarter was up 4.2% on a year-over-year basis. equities analysts anticipate that The Travelers Companies, Inc. will post 6.91 EPS for the current year.
The Travelers Companies declared that its Board of Directors has initiated a share buyback plan on Monday, September 11th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.88 annualized dividend and a dividend yield of 2.22%. The Travelers Companies’s payout ratio is 33.29%.
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In other The Travelers Companies news, EVP Michael Frederick Klein sold 20,077 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the transaction, the executive vice president now directly owns 21,619 shares in the company, valued at approximately $2,825,170.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andy F. Bessette sold 2,000 shares of The Travelers Companies stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total value of $265,960.00. Following the completion of the transaction, the executive vice president now owns 8,000 shares in the company, valued at $1,063,840. The disclosure for this sale can be found here. Corporate insiders own 0.82% of the company’s stock.
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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