Agate Pass Investment Management LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,575 shares of the insurance provider's stock, valued at approximately $861,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Franklin Resources Inc. boosted its position in Travelers Companies by 39.5% in the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock valued at $32,646,000 after buying an additional 38,515 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Travelers Companies during the second quarter worth about $9,798,000. Orion Portfolio Solutions LLC increased its holdings in Travelers Companies by 34.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider's stock valued at $4,248,000 after buying an additional 4,665 shares during the last quarter. LPL Financial LLC grew its position in shares of Travelers Companies by 7.4% in the 2nd quarter. LPL Financial LLC now owns 177,528 shares of the insurance provider's stock worth $36,099,000 after acquiring an additional 12,190 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Travelers Companies in the 3rd quarter worth about $50,000. 82.45% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts recently commented on the company. The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. BMO Capital Markets upped their target price on Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Barclays cut their price target on Travelers Companies from $295.00 to $278.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Jefferies Financial Group upped their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Travelers Companies from $273.00 to $268.00 and set a "market perform" rating for the company in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $254.85.
Read Our Latest Analysis on TRV
Insider Buying and Selling
In related news, Vice Chairman William H. Heyman sold 3,740 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares of the company's stock, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is currently owned by corporate insiders.
Travelers Companies Price Performance
Shares of TRV traded up $0.69 during trading hours on Monday, hitting $233.12. 1,751,016 shares of the stock were exchanged, compared to its average volume of 1,372,595. The company has a market cap of $52.92 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 1.17 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a 12-month low of $194.54 and a 12-month high of $269.55. The stock's 50-day moving average price is $250.73 and its two-hundred day moving average price is $234.97.
Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. Travelers Companies's revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.95 EPS. Research analysts expect that The Travelers Companies, Inc. will post 18.84 earnings per share for the current year.
Travelers Companies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, December 10th. Travelers Companies's dividend payout ratio (DPR) is 21.54%.
Travelers Companies Profile
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Free Report)
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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