Davis R M Inc. trimmed its stake in shares of Travelers Companies Inc (NYSE:TRV) by 12.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,153 shares of the insurance provider’s stock after selling 440 shares during the quarter. Davis R M Inc.’s holdings in Travelers Companies were worth $432,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Martingale Asset Management L P raised its holdings in Travelers Companies by 0.7% during the 3rd quarter. Martingale Asset Management L P now owns 260,826 shares of the insurance provider’s stock valued at $33,833,000 after buying an additional 1,800 shares during the last quarter. Kentucky Retirement Systems purchased a new position in Travelers Companies during the 3rd quarter valued at $2,721,000. Nordea Investment Management AB increased its position in Travelers Companies by 4.6% during the 3rd quarter. Nordea Investment Management AB now owns 207,049 shares of the insurance provider’s stock valued at $26,858,000 after purchasing an additional 9,124 shares during the period. Northwest Quadrant Wealth Management LLC purchased a new position in Travelers Companies during the 3rd quarter valued at $211,000. Finally, Legal & General Group Plc increased its position in Travelers Companies by 3.0% during the 3rd quarter. Legal & General Group Plc now owns 1,497,766 shares of the insurance provider’s stock valued at $194,218,000 after purchasing an additional 42,949 shares during the period. 80.56% of the stock is owned by institutional investors.
A number of research analysts have issued reports on TRV shares. Credit Suisse Group reissued a “neutral” rating on shares of Travelers Companies in a research report on Wednesday, January 23rd. Zacks Investment Research raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $151.00 price objective on the stock in a research report on Tuesday, March 26th. MKM Partners boosted their price objective on shares of Travelers Companies to $140.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Barclays boosted their price objective on shares of Travelers Companies from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Finally, Wells Fargo & Co set a $130.00 price objective on shares of Travelers Companies and gave the company a “hold” rating in a research report on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $141.42.
In related news, Vice Chairman William H. Heyman sold 10,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $147.75, for a total value of $1,477,500.00. Following the transaction, the insider now owns 247,245 shares in the company, valued at approximately $36,530,448.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Alan D. Schnitzer sold 66,228 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $132.22, for a total transaction of $8,756,666.16. Following the completion of the transaction, the chief executive officer now owns 134,252 shares in the company, valued at approximately $17,750,799.44. The disclosure for this sale can be found here. Insiders sold a total of 299,026 shares of company stock worth $41,533,619 over the last ninety days. Insiders own 0.73% of the company’s stock.
Shares of NYSE:TRV traded up $0.49 during midday trading on Wednesday, reaching $147.96. The company’s stock had a trading volume of 1,019,034 shares, compared to its average volume of 1,366,459. The company has a market capitalization of $38.63 billion, a PE ratio of 16.55, a P/E/G ratio of 1.34 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.38 and a quick ratio of 0.38. Travelers Companies Inc has a 12-month low of $111.08 and a 12-month high of $148.85.
Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.76 by $0.07. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.94 billion. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.46 EPS. Equities analysts anticipate that Travelers Companies Inc will post 11.11 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a $0.82 dividend. The ex-dividend date of this dividend is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $0.77. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.22%. Travelers Companies’s dividend payout ratio is currently 34.45%.
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Travelers Companies Company 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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