Axa trimmed its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 78.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 72,120 shares of the insurance provider’s stock after selling 266,229 shares during the period. Axa’s holdings in Travelers Companies were worth $9,783,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Point72 Asset Management L.P. bought a new position in shares of Travelers Companies during the 3rd quarter valued at $8,254,000. Abner Herrman & Brock LLC lifted its holdings in shares of Travelers Companies by 6.5% during the 4th quarter. Abner Herrman & Brock LLC now owns 62,879 shares of the insurance provider’s stock valued at $8,529,000 after buying an additional 3,853 shares during the period. Vaughan David Investments Inc. IL lifted its holdings in shares of Travelers Companies by 1,454.3% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 219,728 shares of the insurance provider’s stock valued at $26,387,000 after buying an additional 205,591 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Travelers Companies by 8.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,442 shares of the insurance provider’s stock valued at $2,750,000 after buying an additional 1,683 shares during the period. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Travelers Companies by 138.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,091 shares of the insurance provider’s stock valued at $284,000 after buying an additional 1,213 shares during the period. Institutional investors and hedge funds own 80.15% of the company’s stock.
Travelers Companies Inc (NYSE TRV) opened at $141.49 on Tuesday. Travelers Companies Inc has a twelve month low of $113.76 and a twelve month high of $150.55. The company has a market capitalization of $38,624.21, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.90 and a beta of 1.29. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.28.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be issued a $0.72 dividend. 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 is currently 39.40%.
Several equities analysts have recently weighed in on the company. Royal Bank of Canada reissued a “buy” rating and set a $148.00 price target on shares of Travelers Companies in a report on Friday, December 8th. ValuEngine cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Wells Fargo & Co set a $125.00 price target on Travelers Companies and gave the company a “hold” rating in a report on Tuesday, November 14th. Credit Suisse Group increased their price target on Travelers Companies from $141.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Zacks Investment Research raised Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a report on Friday, January 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $137.20.
In other Travelers Companies news, Director Philip T. Ruegger III purchased 1,600 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were acquired at an average cost of $136.44 per share, with a total value of $218,304.00. Following the completion of the acquisition, the director now directly owns 28,277 shares in the company, valued at $3,858,113.88. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas M. Kunkel sold 9,595 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $150.09, for a total value of $1,440,113.55. Following the sale, the executive vice president now directly owns 28,956 shares in the company, valued at $4,346,006.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 182,727 shares of company stock worth $26,828,165. 0.82% of the stock is owned by insiders.
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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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