Vident Investment Advisory LLC lifted its stake in Travelers Companies Inc (NYSE:TRV) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,576 shares of the insurance provider’s stock after purchasing an additional 1,045 shares during the quarter. Vident Investment Advisory LLC’s holdings in Travelers Companies were worth $3,740,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of TRV. Deutsche Bank AG boosted its position in shares of Travelers Companies by 57.2% in the 4th quarter. Deutsche Bank AG now owns 1,491,661 shares of the insurance provider’s stock worth $202,322,000 after purchasing an additional 542,744 shares in the last quarter. Viking Global Investors LP bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $67,245,000. Cramer Rosenthal Mcglynn LLC bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $61,721,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $44,466,000. Finally, Gillson Capital LP bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $36,435,000. 80.15% of the stock is currently owned by hedge funds and other institutional investors.
TRV has been the topic of a number of analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $148.00 price target on shares of Travelers Companies in a research report on Friday, December 8th. Bank of America raised Travelers Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $152.00 price target on shares of Travelers Companies in a research report on Wednesday, December 6th. Atlantic Securities raised Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 price objective on the stock in a research report on Friday, January 26th. Finally, Barclays reaffirmed a “hold” rating and issued a $140.00 price objective (up from $135.00) on shares of Travelers Companies in a research report on Sunday, February 18th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $137.20.
Travelers Companies Inc (NYSE TRV) opened at $141.32 on Friday. The stock has a market capitalization of $38,127.49, a P/E ratio of 19.33, a P/E/G ratio of 1.88 and a beta of 1.29. Travelers Companies Inc has a 12-month low of $113.76 and a 12-month high of $150.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.39 and a quick ratio of 0.39.
Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.28). The business had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $6.47 billion. Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $3.20 earnings per share. equities analysts anticipate that Travelers Companies Inc will post 10.59 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.72 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.88 dividend on an annualized basis and a yield of 2.04%. Travelers Companies’s dividend payout ratio is presently 39.40%.
In other Travelers Companies news, EVP Thomas M. Kunkel sold 9,595 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $150.09, for a total transaction of $1,440,113.55. Following the completion of the sale, the executive vice president now directly owns 28,956 shares in the company, valued at approximately $4,346,006.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 2,022 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $140.37, for a total transaction of $283,828.14. Following the sale, the insider now owns 242,244 shares of the company’s stock, valued at $34,003,790.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 187,164 shares of company stock valued at $27,453,916. Company insiders own 0.82% of the company’s stock.
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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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