Whittier Trust Co. of Nevada Inc. cut its stake in Travelers Companies Inc (NYSE:TRV) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,945 shares of the insurance provider’s stock after selling 150 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Travelers Companies were worth $2,817,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mechanics Bank Trust Department grew its position in Travelers Companies by 106.3% during the third quarter. Mechanics Bank Trust Department now owns 4,125 shares of the insurance provider’s stock valued at $613,000 after buying an additional 2,125 shares during the period. Alpha Cubed Investments LLC grew its position in Travelers Companies by 26.1% during the third quarter. Alpha Cubed Investments LLC now owns 3,104 shares of the insurance provider’s stock valued at $462,000 after buying an additional 643 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Travelers Companies by 5.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,838 shares of the insurance provider’s stock valued at $8,897,000 after buying an additional 3,283 shares during the period. Park Avenue Securities LLC bought a new stake in Travelers Companies during the third quarter valued at approximately $216,000. Finally, Zeke Capital Advisors LLC lifted its holdings in Travelers Companies by 1.5% during the third quarter. Zeke Capital Advisors LLC now owns 5,172 shares of the insurance provider’s stock valued at $769,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 81.41% of the company’s stock.
In other news, Vice Chairman William H. Heyman sold 5,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $150.75, for a total value of $753,750.00. Following the transaction, the insider now owns 244,745 shares of the company’s stock, valued at $36,895,308.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 7,500 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $149.50, for a total transaction of $1,121,250.00. Following the completion of the transaction, the insider now directly owns 242,245 shares in the company, valued at approximately $36,215,627.50. The disclosure for this sale can be found here. Insiders sold 56,566 shares of company stock worth $8,347,056 in the last three months. Insiders own 0.73% of the company’s stock.
NYSE:TRV traded up $0.88 during trading hours on Friday, hitting $141.36. 1,476,566 shares of the stock traded hands, compared to its average volume of 1,076,682. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.26. Travelers Companies Inc has a 1 year low of $111.08 and a 1 year high of $155.09. The company has a market cap of $36.58 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 1.43 and a beta of 0.93. The stock has a 50 day moving average price of $146.04 and a 200 day moving average price of $146.20.
Travelers Companies (NYSE:TRV) last released its earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.30). Travelers Companies had a return on equity of 10.73% and a net margin of 8.65%. The company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same period last year, the firm posted $1.81 EPS. Travelers Companies’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities analysts forecast that Travelers Companies Inc will post 10.61 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Monday, September 9th. Travelers Companies’s dividend payout ratio (DPR) is presently 36.69%.
TRV has been the topic of several analyst reports. Deutsche Bank downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 price target on the stock. in a report on Thursday, June 27th. ValuEngine downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays lowered their price target on shares of Travelers Companies from $177.00 to $174.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Royal Bank of Canada lifted their price target on shares of Travelers Companies to $160.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley lowered their price target on shares of Travelers Companies from $140.00 to $136.00 and set an “underweight” rating on the stock in a report on Thursday, August 15th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $148.65.
About Travelers Companies
The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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