Stonebridge Capital Advisors LLC reduced its stake in Travelers Companies Inc (NYSE:TRV) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,643 shares of the insurance provider’s stock after selling 818 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Travelers Companies were worth $3,885,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of TRV. Deutsche Bank AG raised its holdings in Travelers Companies by 57.2% in the 4th quarter. Deutsche Bank AG now owns 1,491,661 shares of the insurance provider’s stock valued at $202,322,000 after buying an additional 542,744 shares during the period. Viking Global Investors LP purchased a new stake in Travelers Companies in the 4th quarter valued at about $67,245,000. Cramer Rosenthal Mcglynn LLC purchased a new stake in Travelers Companies in the 4th quarter valued at about $61,721,000. Amundi Pioneer Asset Management Inc. purchased a new stake in Travelers Companies in the 4th quarter valued at about $44,466,000. Finally, Gillson Capital LP purchased a new stake in Travelers Companies in the 4th quarter valued at about $36,435,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.
In other news, EVP Andy F. Bessette sold 17,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $142.42, for a total transaction of $2,421,140.00. Following the completion of the transaction, the executive vice president now directly owns 28,327 shares of the company’s stock, valued at $4,034,331.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jay S. Benet sold 4,437 shares of the business’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $141.03, for a total value of $625,750.11. Following the transaction, the chief financial officer now directly owns 89,737 shares of the company’s stock, valued at $12,655,609.11. The disclosure for this sale can be found here. Insiders have sold 187,164 shares of company stock worth $27,453,916 over the last quarter. Insiders own 0.82% of the company’s stock.
Several brokerages recently issued reports on TRV. Zacks Investment Research lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Barclays restated a “hold” rating and issued a $140.00 price objective (up from $135.00) on shares of Travelers Companies in a report on Sunday, February 18th. Atlantic Securities upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 price objective on the stock in a report on Friday, January 26th. Credit Suisse Group boosted their price objective on shares of Travelers Companies from $141.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Wells Fargo restated a “market perform” rating and issued a $142.00 price objective on shares of Travelers Companies in a report on Tuesday, January 23rd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $137.20.
Shares of Travelers Companies stock opened at $141.32 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market cap of $38,358.21, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29. Travelers Companies Inc has a one year low of $113.76 and a one year high of $150.55.
Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.56 by ($0.28). The business had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $3.20 earnings per share. sell-side analysts anticipate that Travelers Companies Inc will post 10.59 EPS for the current fiscal year.
The firm also recently declared 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 of this dividend 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 (DPR) is presently 39.40%.
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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