Abner Herrman & Brock LLC decreased its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,642 shares of the insurance provider’s stock after selling 1,217 shares during the quarter. Abner Herrman & Brock LLC’s holdings in Travelers Companies were worth $8,340,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. increased its position in Travelers Companies by 3,351.0% during the third quarter. Victory Capital Management Inc. now owns 1,153,158 shares of the insurance provider’s stock worth $149,576,000 after buying an additional 1,119,743 shares during the period. Bank of Montreal Can increased its position in Travelers Companies by 106.7% during the third quarter. Bank of Montreal Can now owns 1,024,894 shares of the insurance provider’s stock worth $132,939,000 after buying an additional 529,067 shares during the period. Millennium Management LLC increased its position in Travelers Companies by 655.9% during the second quarter. Millennium Management LLC now owns 600,893 shares of the insurance provider’s stock worth $73,513,000 after buying an additional 521,397 shares during the period. Federated Investors Inc. PA increased its position in Travelers Companies by 81.5% during the third quarter. Federated Investors Inc. PA now owns 1,118,357 shares of the insurance provider’s stock worth $145,062,000 after buying an additional 502,287 shares during the period. Finally, Bank of Nova Scotia increased its position in Travelers Companies by 489.9% during the second quarter. Bank of Nova Scotia now owns 385,534 shares of the insurance provider’s stock worth $47,166,000 after buying an additional 320,180 shares during the period. Hedge funds and other institutional investors own 79.46% of the company’s stock.
In related news, EVP Andy F. Bessette sold 1,666 shares of the company’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $126.17, for a total transaction of $210,199.22. Following the transaction, the executive vice president now owns 8,457 shares of the company’s stock, valued at $1,067,019.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.80% of the company’s stock.
Several research firms have commented on TRV. Credit Suisse Group reaffirmed a “hold” rating and set a $141.00 price target on shares of Travelers Companies in a research report on Thursday, December 20th. Barclays raised Travelers Companies from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $135.00 to $145.00 in a research report on Wednesday. Morgan Stanley dropped their target price on Travelers Companies from $126.00 to $119.00 and set an “underweight” rating on the stock in a report on Thursday, January 3rd. Zacks Investment Research reissued a “sell” rating on shares of Travelers Companies in a report on Monday, December 31st. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $142.00 target price on shares of Travelers Companies in a report on Thursday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Travelers Companies has an average rating of “Hold” and a consensus target price of $135.08.
Shares of NYSE:TRV traded up $0.21 during trading on Friday, reaching $120.48. The company had a trading volume of 339,609 shares, compared to its average volume of 1,661,095. The firm has a market cap of $31.44 billion, a P/E ratio of 16.55, a PEG ratio of 0.82 and a beta of 1.14. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.29. Travelers Companies Inc has a fifty-two week low of $111.08 and a fifty-two week high of $150.55.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 18th. The insurance provider reported $2.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.28. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. The firm had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. Travelers Companies’s quarterly revenue was up 5.5% on a year-over-year basis. Research analysts forecast that Travelers Companies Inc will post 9.3 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Monday, December 10th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Friday, December 7th. Travelers Companies’s dividend payout ratio is presently 42.31%.
Travelers Companies 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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