Vaughan David Investments Inc. IL boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1,454.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 219,728 shares of the insurance provider’s stock after buying an additional 205,591 shares during the period. The Travelers Companies makes up about 1.3% of Vaughan David Investments Inc. IL’s investment portfolio, making the stock its 24th biggest position. Vaughan David Investments Inc. IL owned approximately 0.08% of The Travelers Companies worth $26,387,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in The Travelers Companies by 1.0% in the second quarter. Vanguard Group Inc. now owns 21,769,557 shares of the insurance provider’s stock valued at $2,754,501,000 after buying an additional 217,625 shares during the period. BlackRock Inc. raised its holdings in The Travelers Companies by 2,395.6% in the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock worth $2,459,383,000 after purchasing an additional 19,585,476 shares during the period. State Street Corp raised its holdings in The Travelers Companies by 1.6% in the first quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock worth $2,284,205,000 after purchasing an additional 304,049 shares during the period. FMR LLC raised its holdings in The Travelers Companies by 6.4% in the second quarter. FMR LLC now owns 7,020,581 shares of the insurance provider’s stock worth $888,314,000 after purchasing an additional 424,036 shares during the period. Finally, AQR Capital Management LLC raised its holdings in The Travelers Companies by 9.4% in the first quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock worth $364,779,000 after purchasing an additional 260,838 shares during the period. Institutional investors and hedge funds own 77.63% of the company’s stock.
Several research firms have weighed in on TRV. Wells Fargo & Company set a $125.00 target price on shares of The Travelers Companies and gave the stock a “hold” rating in a report on Tuesday. B. Riley reissued a “neutral” rating on shares of The Travelers Companies in a research report on Monday, November 6th. UBS AG increased their price objective on shares of The Travelers Companies from $131.00 to $139.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of The Travelers Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, Argus increased their price objective on shares of The Travelers Companies from $139.00 to $145.00 and gave the stock a “positive” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $128.54.
In other news, EVP Andy F. Bessette sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total transaction of $265,960.00. Following the completion of the sale, the executive vice president now owns 8,000 shares in the company, valued at approximately $1,063,840. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.82% of the company’s stock.
The Travelers Companies, Inc. (NYSE TRV) traded down $2.90 during midday trading on Friday, hitting $130.81. 2,375,700 shares of the stock were exchanged, compared to its average volume of 1,493,896. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.29. The firm has a market cap of $35,620.00, a PE ratio of 16.33, a PEG ratio of 2.54 and a beta of 1.26. The Travelers Companies, Inc. has a one year low of $110.40 and a one year high of $135.71.
The Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). The company had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.46 billion. The Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.40 EPS. equities analysts anticipate that The Travelers Companies, Inc. will post 7.01 EPS for the current fiscal year.
The Travelers Companies announced that its Board of Directors has authorized a stock repurchase program on Monday, September 11th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Friday, December 8th. The Travelers Companies’s dividend payout ratio is presently 33.29%.
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The Travelers Companies Company Profile
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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