DnB Asset Management AS reduced its holdings in Travelers Companies Inc (NYSE:TRV) by 7.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 28,552 shares of the insurance provider’s stock after selling 2,200 shares during the quarter. DnB Asset Management AS’s holdings in Travelers Companies were worth $3,873,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Abner Herrman & Brock LLC increased its position in Travelers Companies by 6.5% in the 4th quarter. Abner Herrman & Brock LLC now owns 62,879 shares of the insurance provider’s stock valued at $8,529,000 after acquiring an additional 3,853 shares during the period. Atlantic Trust Group LLC increased its position in Travelers Companies by 2.4% in the 3rd quarter. Atlantic Trust Group LLC now owns 22,224 shares of the insurance provider’s stock valued at $2,722,000 after acquiring an additional 520 shares during the period. Parametric Portfolio Associates LLC increased its position in Travelers Companies by 2.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,561,234 shares of the insurance provider’s stock valued at $191,282,000 after acquiring an additional 36,402 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in Travelers Companies in the 3rd quarter valued at approximately $337,000. Finally, Crestwood Advisors Group LLC boosted its stake in shares of Travelers Companies by 1.1% in the 3rd quarter. Crestwood Advisors Group LLC now owns 126,221 shares of the insurance provider’s stock valued at $15,465,000 after purchasing an additional 1,362 shares during the last quarter. Hedge funds and other institutional investors own 78.49% of the company’s stock.
In related news, EVP Andy F. Bessette sold 2,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total transaction of $265,960.00. Following the transaction, the executive vice president now directly owns 8,000 shares of the company’s stock, valued at $1,063,840. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 20,077 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the completion of the transaction, the executive vice president now directly owns 21,619 shares in the company, valued at $2,825,170.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,302 shares of company stock worth $7,347,753. 0.82% of the stock is owned by insiders.
TRV has been the topic of a number of analyst reports. B. Riley reaffirmed a “neutral” rating on shares of Travelers Companies in a research note on Monday, November 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $152.00 price objective on shares of Travelers Companies in a research note on Wednesday, December 6th. Royal Bank of Canada upped their price objective on shares of Travelers Companies to $140.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Zacks Investment Research raised shares of Travelers Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Wells Fargo & Co set a $125.00 price objective on shares of Travelers Companies and gave the company a “hold” rating in a research note on Thursday, October 19th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. Travelers Companies currently has an average rating of “Hold” and a consensus target price of $134.38.
Travelers Companies Inc (NYSE:TRV) opened at $134.73 on Friday. The stock has a market cap of $36,880.00, a price-to-earnings ratio of 15.59, a P/E/G ratio of 1.81 and a beta of 1.25. Travelers Companies Inc has a 12 month low of $113.76 and a 12 month high of $137.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.41 and a current ratio of 0.41.
Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.40 earnings per share. analysts predict that Travelers Companies Inc will post 6.64 EPS for the current year.
Travelers Companies declared that its board has authorized a share repurchase plan on Thursday, November 9th that allows the company to repurchase outstanding shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 11th were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, December 8th. Travelers Companies’s dividend payout ratio is presently 33.33%.
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Travelers Companies Company 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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