Stone Ridge Asset Management LLC purchased a new stake in shares of Travelers Companies Inc (NYSE:TRV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,736 shares of the insurance provider’s stock, valued at approximately $2,134,000.
Other large investors have also made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in Travelers Companies during the 3rd quarter valued at about $8,254,000. Abner Herrman & Brock LLC grew 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 worth $8,529,000 after acquiring an additional 3,853 shares during the period. Vaughan David Investments Inc. IL grew 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 worth $26,387,000 after acquiring an additional 205,591 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew 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 worth $2,750,000 after acquiring an additional 1,683 shares during the period. Finally, Valeo Financial Advisors LLC grew 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 worth $284,000 after acquiring an additional 1,213 shares during the period. Institutional investors own 80.15% of the company’s stock.
A number of research firms have weighed in on TRV. Wells Fargo & Co set a $125.00 target price on Travelers Companies and gave the stock a “hold” rating in a report on Tuesday, November 14th. ValuEngine downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Royal Bank of Canada reiterated a “buy” rating and set a $148.00 target price on shares of Travelers Companies in a report on Friday, December 8th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $152.00 target price on shares of Travelers Companies in a report on Wednesday, December 6th. Finally, Zacks Investment Research downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Tuesday. 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 stock. The company has a consensus rating of “Hold” and an average target price of $137.20.
Shares of Travelers Companies Inc (TRV) opened at $140.69 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.39 and a quick ratio of 0.39. Travelers Companies Inc has a 12-month low of $113.76 and a 12-month high of $150.55. The company has a market capitalization of $38,404.35, a P/E ratio of 19.46, a PEG ratio of 1.89 and a beta of 1.29.
Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.28). The business had revenue of $7.45 billion during 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 business’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $3.20 earnings per share. research analysts predict that Travelers Companies Inc will post 10.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be given a $0.72 dividend. 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 presently 39.40%.
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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