Fulcrum Asset Management LLP lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 19.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,430 shares of the insurance provider’s stock after purchasing an additional 2,942 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Travelers Companies were worth $6,694,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Travelers Companies in the 2nd quarter valued at $6,915,909,000. Bank of America Corp DE purchased a new stake in Travelers Companies during the second quarter worth $932,142,000. GQG Partners LLC acquired a new stake in Travelers Companies during the second quarter valued at $789,024,000. Legal & General Group Plc acquired a new stake in Travelers Companies during the second quarter valued at $558,164,000. Finally, Bank of New York Mellon Corp acquired a new stake in Travelers Companies during the second quarter valued at $469,505,000. 82.45% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Travelers Companies from $351.00 to $365.00 and gave the company a “hold” rating in a report on Monday, October 19th. Roth Capital reissued a “buy” rating and set a $425.00 target price (up from $345.00) on shares of Travelers Companies in a research note on Monday, October 26th. Wells Fargo & Company raised their target price on Travelers Companies from $341.00 to $377.00 and gave the company an “equal weight” rating in a research report on Monday, October 19th. Barclays raised their target price on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $384.00 price target (up from $363.00) on shares of Travelers Companies in a research note on Monday, October 19th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $370.83.
View Our Latest Report on Travelers Companies
Insider Activity
In related news, EVP Mojgan Lefebvre sold 11,000 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $393.84, for a total transaction of $4,332,240.00. Following the completion of the transaction, the executive vice president owned 11,000 shares in the company, valued at $4,332,240. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alan Schnitzer sold 88,900 shares of the firm’s stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $396.77, for a total transaction of $35,272,853.00. Following the completion of the transaction, the chief executive officer directly owned 303,124 shares in the company, valued at $120,270,509.48. This represents a 22.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 195,287 shares of company stock worth $77,818,050. Company insiders own 1.39% of the company’s stock.
Travelers Companies Price Performance
Shares of NYSE TRV opened at $395.08 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a fifty day moving average of $377.66 and a 200 day moving average of $332.77. The firm has a market cap of $80.97 billion, a PE ratio of 10.36, a PEG ratio of 2.73 and a beta of 0.40. The Travelers Companies, Inc. has a one year low of $268.00 and a one year high of $418.00.
Travelers Companies (NYSE:TRV – Get Free Report) last posted its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.39 by $1.79. The business had revenue of $12.41 billion for the quarter, compared to the consensus estimate of $11.36 billion. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The company’s revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $8.14 earnings per share. As a group, research analysts predict that The Travelers Companies, Inc. will post 36.27 EPS for the current fiscal year.
Travelers Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Travelers Companies’s payout ratio is currently 13.11%.
Travelers Companies Company Profile
The Travelers Companies, Inc is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance.
The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.
Travelers has roots in insurance businesses founded in the 19th century, including The Travelers Insurance Company, established in 1864, and St.
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