Toronto Dominion Bank lifted its position in shares of Travelers Companies Inc (NYSE:TRV) by 8.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 174,695 shares of the insurance provider’s stock after buying an additional 13,791 shares during the quarter. Toronto Dominion Bank owned about 0.07% of Travelers Companies worth $23,921,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Travelers Companies by 27.8% during the fourth quarter. FMR LLC now owns 10,525,313 shares of the insurance provider’s stock worth $1,441,441,000 after buying an additional 2,288,084 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Travelers Companies by 24.4% during the fourth quarter. First Eagle Investment Management LLC now owns 2,609,705 shares of the insurance provider’s stock worth $357,399,000 after buying an additional 512,569 shares in the last quarter. Nuance Investments LLC lifted its holdings in shares of Travelers Companies by 120.5% during the fourth quarter. Nuance Investments LLC now owns 1,702,619 shares of the insurance provider’s stock worth $233,174,000 after buying an additional 930,331 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Travelers Companies by 42.3% during the fourth quarter. Bank of Montreal Can now owns 1,333,170 shares of the insurance provider’s stock worth $182,576,000 after buying an additional 396,334 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Travelers Companies by 0.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,228,633 shares of the insurance provider’s stock worth $168,261,000 after buying an additional 4,366 shares in the last quarter. 81.01% of the stock is owned by institutional investors.
In other Travelers Companies news, Director Philip T. Ruegger III bought 670 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $118.54 per share, for a total transaction of $79,421.80. Following the completion of the transaction, the director now directly owns 33,881 shares in the company, valued at approximately $4,016,253.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.73% of the company’s stock.
TRV stock traded up $5.27 during midday trading on Friday, reaching $107.45. The company had a trading volume of 3,601,628 shares, compared to its average volume of 2,237,657. The company has a market capitalization of $26.06 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 1.15 and a beta of 0.92. The stock has a 50 day moving average price of $130.83 and a 200-day moving average price of $137.18. Travelers Companies Inc has a 1-year low of $99.19 and a 1-year high of $155.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.39 and a quick ratio of 0.39.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $3.32 EPS for the quarter, beating the Zacks’ consensus estimate of $3.23 by $0.09. Travelers Companies had a return on equity of 10.03% and a net margin of 8.30%. The business had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.26 billion. During the same quarter in the previous year, the firm earned $2.13 earnings per share. Travelers Companies’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, research analysts anticipate that Travelers Companies Inc will post 10.35 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Monday, March 9th. Travelers Companies’s dividend payout ratio is presently 34.17%.
A number of equities research analysts have recently weighed in on the company. Piper Sandler dropped their target price on Travelers Companies from $140.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday. Zacks Investment Research raised Travelers Companies from a “sell” rating to a “hold” rating and set a $142.00 price target for the company in a research note on Monday, February 24th. Wells Fargo & Co dropped their price target on Travelers Companies from $136.00 to $130.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. Buckingham Research dropped their price target on Travelers Companies from $158.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, January 22nd. Finally, Morgan Stanley dropped their price target on Travelers Companies from $131.00 to $130.00 and set an “underweight” rating for the company in a research note on Friday, February 28th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $143.27.
Travelers Companies Profile
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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