Douglas Lane & Associates LLC raised its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 36.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,246 shares of the insurance provider’s stock after acquiring an additional 600 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Travelers Companies were worth $269,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Ipswich Investment Management Co. Inc. acquired a new stake in shares of Travelers Companies in the 4th quarter valued at about $66,000. Highwater Wealth Management LLC acquired a new stake in shares of Travelers Companies in the 4th quarter valued at about $76,000. Legacy Financial Advisors Inc. boosted its position in shares of Travelers Companies by 276.8% in the 4th quarter. Legacy Financial Advisors Inc. now owns 731 shares of the insurance provider’s stock valued at $88,000 after purchasing an additional 537 shares during the period. ELM Advisors LLC acquired a new stake in shares of Travelers Companies in the 3rd quarter valued at about $130,000. Finally, Arlington Partners LLC acquired a new stake in shares of Travelers Companies in the 3rd quarter valued at about $159,000. 79.95% of the stock is owned by institutional investors and hedge funds.
TRV traded down $0.97 on Friday, hitting $125.79. 1,252,718 shares of the company traded hands, compared to its average volume of 1,389,864. The company has a quick ratio of 0.39, a current ratio of 0.38 and a debt-to-equity ratio of 0.29. The company has a market cap of $33.32 billion, a PE ratio of 14.07, a P/E/G ratio of 0.89 and a beta of 1.05. Travelers Companies Inc has a 12-month low of $111.08 and a 12-month high of $143.41.
Travelers Companies (NYSE:TRV) last issued its earnings results on Tuesday, January 22nd. The insurance provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.15. The business had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $6.92 billion. Travelers Companies had a return on equity of 10.69% and a net margin of 8.32%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.28 EPS. As a group, sell-side analysts expect that Travelers Companies Inc will post 11.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 11th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, March 8th. Travelers Companies’s dividend payout ratio (DPR) is 34.45%.
A number of analysts recently issued reports on TRV shares. Royal Bank of Canada cut Travelers Companies from an “outperform” rating to a “sector perform” rating and set a $133.00 target price for the company. in a research report on Tuesday, December 11th. Barclays raised Travelers Companies from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $135.00 to $145.00 in a research note on Wednesday, January 9th. Wells Fargo & Co set a $130.00 price objective on Travelers Companies and gave the company a “hold” rating in a research note on Wednesday, January 23rd. Zacks Investment Research downgraded Travelers Companies from a “hold” rating to a “sell” rating in a research note on Monday, January 21st. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $141.00 price objective on shares of Travelers Companies in a research note on Thursday, December 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Travelers Companies currently has an average rating of “Hold” and a consensus target price of $138.33.
In related news, EVP Andy F. Bessette sold 1,666 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $126.17, for a total value of $210,199.22. Following the completion of the transaction, the executive vice president now directly owns 8,457 shares of the company’s stock, valued at approximately $1,067,019.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 8,323 shares of the stock in a transaction on Friday, January 25th. The shares were sold at an average price of $125.54, for a total value of $1,044,869.42. Following the sale, the insider now owns 239,744 shares in the company, valued at approximately $30,097,461.76. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.
Travelers Companies Company 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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