Guggenheim Capital LLC lowered its stake in shares of Travelers Companies Inc (NYSE:TRV) by 7.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 452,922 shares of the insurance provider’s stock after selling 36,619 shares during the period. Guggenheim Capital LLC owned about 0.17% of Travelers Companies worth $61,436,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. Deutsche Bank AG raised its stake in shares of Travelers Companies by 57.2% during the 4th quarter. Deutsche Bank AG now owns 1,491,661 shares of the insurance provider’s stock valued at $202,322,000 after buying an additional 542,744 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Travelers Companies during the 4th quarter valued at about $44,466,000. Gillson Capital LP purchased a new position in shares of Travelers Companies during the 4th quarter valued at about $36,435,000. Marathon Asset Management LLP raised its stake in shares of Travelers Companies by 26.6% during the 4th quarter. Marathon Asset Management LLP now owns 1,264,352 shares of the insurance provider’s stock valued at $171,500,000 after buying an additional 265,724 shares during the last quarter. Finally, Capital Returns Management LLC purchased a new position in shares of Travelers Companies during the 3rd quarter valued at about $29,895,000. Institutional investors and hedge funds own 80.15% of the company’s stock.
Travelers Companies Inc (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 firm has a market capitalization of $38,404.35, a PE ratio of 19.46, a P/E/G ratio of 1.89 and a beta of 1.29.
The company also recently disclosed 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. This represents a $2.88 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, March 8th. Travelers Companies’s payout ratio is 39.40%.
In related news, EVP Thomas M. Kunkel sold 9,595 shares of Travelers Companies stock in a transaction dated Friday, January 26th. The stock was 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 approximately $4,346,006.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Brian W. Maclean sold 88,607 shares of Travelers Companies stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $149.29, for a total value of $13,228,139.03. Following the completion of the sale, the chief operating officer now owns 211,293 shares in the company, valued at $31,543,931.97. The disclosure for this sale can be found here. Over the last quarter, insiders sold 182,727 shares of company stock worth $26,828,165. 0.82% of the stock is currently owned by insiders.
TRV has been the subject of a number of recent research reports. Wells Fargo & Co set a $125.00 price objective on Travelers Companies and gave the company a “hold” rating in a research note on Tuesday, November 14th. Goldman Sachs Group initiated coverage on Travelers Companies in a research note on Monday, December 4th. They set a “sell” rating and a $124.00 price objective for the company. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $152.00 price objective on shares of Travelers Companies in a research note on Wednesday, December 6th. Royal Bank of Canada reiterated a “buy” rating and set a $148.00 price objective on shares of Travelers Companies in a research note on Friday, December 8th. Finally, ValuEngine lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Travelers Companies has an average rating of “Hold” and an average price target of $137.20.
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About Travelers Companies
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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