Ontario Teachers Pension Plan Board bought a new position in shares of Travelers Companies Inc (NYSE:TRV) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 78,498 shares of the insurance provider’s stock, valued at approximately $10,647,000.
Other institutional investors have also bought and sold shares of the company. Carnick & Kubik Group LLC purchased a new position in Travelers Companies during the third quarter worth about $758,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Travelers Companies in the 3rd quarter worth about $78,058,000. Point72 Asset Management L.P. purchased a new position in shares of Travelers Companies in the 3rd quarter worth about $8,254,000. Abner Herrman & Brock LLC boosted its holdings in shares of Travelers Companies by 6.5% in the 4th quarter. Abner Herrman & Brock LLC now owns 62,879 shares of the insurance provider’s stock worth $8,529,000 after purchasing an additional 3,853 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Travelers Companies by 4.6% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 58,457 shares of the insurance provider’s stock worth $7,162,000 after purchasing an additional 2,567 shares in the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.
A number of equities analysts have recently issued reports on TRV shares. Bank of America upgraded Travelers Companies from a “neutral” rating to a “buy” rating in a report on Tuesday, January 9th. Wells Fargo & Co reiterated a “market perform” rating and issued a $142.00 price objective on shares of Travelers Companies in a report on Tuesday, January 23rd. Zacks Investment Research upgraded Travelers Companies from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. B. Riley reiterated a “neutral” rating on shares of Travelers Companies in a report on Monday, November 6th. Finally, Goldman Sachs Group started coverage on Travelers Companies in a report on Monday, December 4th. They issued a “sell” rating and a $124.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $137.20.
Shares of Travelers Companies Inc (NYSE TRV) opened at $141.16 on Tuesday. Travelers Companies Inc has a 52 week low of $113.76 and a 52 week high of $150.55. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $38,314.78, a PE ratio of 19.42, a PEG ratio of 1.88 and a beta of 1.26.
Travelers Companies (NYSE:TRV) last released its earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.28). Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The company had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period last year, the firm posted $3.20 EPS. The company’s revenue was up 3.6% on a year-over-year basis. analysts expect that Travelers Companies Inc will post 10.59 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, March 8th. Travelers Companies’s dividend payout ratio (DPR) is presently 39.40%.
Travelers Companies announced that its board has authorized a share repurchase plan on Thursday, November 9th that authorizes the company to repurchase shares. This repurchase authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
In other news, COO Brian W. Maclean sold 88,607 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $149.29, for a total value of $13,228,139.03. Following the completion of the sale, the chief operating officer now owns 211,293 shares of the company’s stock, valued at approximately $31,543,931.97. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 2,022 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $140.37, for a total value of $283,828.14. The disclosure for this sale can be found here. In the last three months, insiders sold 163,544 shares of company stock valued at $23,881,707. 0.82% of the stock is currently owned by corporate insiders.
About 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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