QS Investors LLC trimmed its stake in Travelers Companies Inc (NYSE:TRV) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,129 shares of the insurance provider’s stock after selling 1,865 shares during the period. QS Investors LLC’s holdings in Travelers Companies were worth $10,326,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Travelers Companies by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,935,859 shares of the insurance provider’s stock worth $359,710,000 after purchasing an additional 46,276 shares during the period. Geode Capital Management LLC lifted its position in shares of Travelers Companies by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,792,540 shares of the insurance provider’s stock worth $377,953,000 after purchasing an additional 32,430 shares during the period. Legal & General Group Plc lifted its position in shares of Travelers Companies by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 1,656,665 shares of the insurance provider’s stock worth $202,985,000 after purchasing an additional 44,566 shares during the period. Parametric Portfolio Associates LLC lifted its position in shares of Travelers Companies by 2.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,561,234 shares of the insurance provider’s stock worth $191,282,000 after purchasing an additional 36,402 shares during the period. Finally, Deutsche Bank AG lifted 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 during the period. 80.15% of the stock is owned by hedge funds and other institutional investors.
TRV has been the subject of several research analyst reports. Barclays reaffirmed a “hold” rating and issued a $140.00 target price (up from $135.00) on shares of Travelers Companies in a research report on Sunday, February 18th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $152.00 price target on shares of Travelers Companies in a research report on Wednesday, December 6th. Wells Fargo & Co reissued a “market perform” rating and set a $142.00 price target on shares of Travelers Companies in a research report on Tuesday, January 23rd. Goldman Sachs Group initiated coverage on shares of Travelers Companies in a research report on Monday, December 4th. They set a “sell” rating and a $124.00 price target for the company. Finally, Bank of America raised shares of Travelers Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 9th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. Travelers Companies presently has an average rating of “Hold” and a consensus price target of $137.20.
Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.28). The firm had revenue of $7.45 billion for 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 firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.20 earnings per share. equities research analysts predict that Travelers Companies Inc will post 10.59 earnings per share for the current year.
The company also recently disclosed 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 2.02%. Travelers Companies’s dividend payout ratio is currently 39.40%.
In other Travelers Companies news, COO Brian W. Maclean sold 88,607 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $149.29, for a total transaction of $13,228,139.03. Following the completion of the sale, the chief operating officer now directly owns 211,293 shares in the company, valued at approximately $31,543,931.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 2,022 shares of the firm’s stock in a transaction dated 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 90 days, insiders have sold 182,727 shares of company stock valued at $26,828,165. 0.82% of the stock is owned by company insiders.
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Travelers Companies 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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