Advisor Group Inc. lessened its position in Travelers Companies Inc (NYSE:TRV) by 24.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,213 shares of the insurance provider’s stock after selling 8,013 shares during the period. Advisor Group Inc.’s holdings in Travelers Companies were worth $3,421,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Dynamic Capital Management Ltd acquired a new stake in shares of Travelers Companies in the 4th quarter worth $778,000. Quantitative Investment Management LLC acquired a new stake in shares of Travelers Companies in the 4th quarter worth $21,376,000. Gillson Capital LP acquired a new stake in shares of Travelers Companies in the 4th quarter worth $36,435,000. Profund Advisors LLC lifted its stake in shares of Travelers Companies by 32.1% in the 4th quarter. Profund Advisors LLC now owns 17,043 shares of the insurance provider’s stock worth $2,312,000 after acquiring an additional 4,141 shares during the period. Finally, Focused Wealth Management Inc lifted its stake in shares of Travelers Companies by 206,200.0% in the 4th quarter. Focused Wealth Management Inc now owns 2,063 shares of the insurance provider’s stock worth $280,000 after acquiring an additional 2,062 shares during the period. Institutional investors own 80.15% of the company’s stock.
Shares of Travelers Companies Inc (NYSE TRV) opened at $140.69 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.28. Travelers Companies Inc has a 52 week low of $113.76 and a 52 week high of $150.55. The company has a market cap of $38,190.00, a PE ratio of 18.08, a P/E/G ratio of 1.90 and a beta of 1.29.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.88 annualized dividend and a yield of 2.05%. Travelers Companies’s dividend payout ratio (DPR) is currently 37.02%.
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 transaction, 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 legal filing with the Securities & Exchange Commission, 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 transaction of $1,440,113.55. Following the transaction, the executive vice president now owns 28,956 shares of the company’s stock, valued at $4,346,006.04. The disclosure for this sale can be found here. Insiders have sold a total of 182,727 shares of company stock valued at $26,828,165 over the last 90 days. 0.82% of the stock is currently owned by insiders.
Several analysts have recently commented on TRV shares. Wells Fargo & Co set a $125.00 target price on shares of Travelers Companies and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Goldman Sachs Group started coverage on shares of Travelers Companies in a research note on Monday, December 4th. They issued a “sell” rating and a $124.00 target price for the company. Keefe, Bruyette & Woods restated a “buy” rating and issued a $152.00 target price on shares of Travelers Companies in a research note on Wednesday, December 6th. Royal Bank of Canada restated a “buy” rating and issued a $148.00 target price on shares of Travelers Companies in a research note on Friday, December 8th. Finally, ValuEngine cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $137.20.
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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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