State of Alaska Department of Revenue grew its stake in Travelers Companies Inc (NYSE:TRV) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,270 shares of the insurance provider’s stock after buying an additional 1,099 shares during the period. State of Alaska Department of Revenue’s holdings in Travelers Companies were worth $6,000,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. We Are One Seven LLC acquired a new stake in Travelers Companies during the third quarter worth approximately $638,000. Atria Investments LLC grew its stake in Travelers Companies by 2.9% during the third quarter. Atria Investments LLC now owns 27,770 shares of the insurance provider’s stock worth $3,602,000 after purchasing an additional 787 shares during the period. ELM Advisors LLC acquired a new stake in Travelers Companies during the third quarter worth approximately $130,000. Fulton Bank N.A. grew its stake in Travelers Companies by 8.7% during the third quarter. Fulton Bank N.A. now owns 6,662 shares of the insurance provider’s stock worth $864,000 after purchasing an additional 534 shares during the period. Finally, Northwest Bancshares Inc. grew its stake in Travelers Companies by 10.5% during the third quarter. Northwest Bancshares Inc. now owns 13,459 shares of the insurance provider’s stock worth $1,746,000 after purchasing an additional 1,284 shares during the period. 79.02% of the stock is owned by institutional investors.
Several equities research analysts recently commented on TRV shares. Zacks Investment Research cut Travelers Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Wells Fargo & Co reaffirmed a “hold” rating and set a $142.00 target price on shares of Travelers Companies in a research note on Thursday, July 19th. B. Riley raised their target price on Travelers Companies from $118.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. Sandler O’Neill reaffirmed a “hold” rating and set a $130.00 target price on shares of Travelers Companies in a research note on Friday, July 13th. Finally, Credit Suisse Group started coverage on Travelers Companies in a research note on Tuesday, August 7th. They set a “neutral” rating and a $141.00 target price for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $137.93.
Shares of NYSE:TRV opened at $123.65 on Friday. The company has a market capitalization of $34.72 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.03 and a beta of 1.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 0.38. Travelers Companies Inc has a 52-week low of $120.74 and a 52-week high of $150.55.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, July 19th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.62). The firm had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.35 billion. Travelers Companies had a return on equity of 8.84% and a net margin of 6.89%. Equities research analysts anticipate that Travelers Companies Inc will post 9.95 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Monday, September 10th were issued a $0.77 dividend. The ex-dividend date of this dividend was Friday, September 7th. This represents a $3.08 annualized dividend and a yield of 2.49%. Travelers Companies’s payout ratio is currently 42.31%.
In other Travelers Companies news, Vice Chairman Jay S. Benet sold 8,876 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $132.00, for a total value of $1,171,632.00. Following the transaction, the insider now owns 94,176 shares in the company, valued at $12,431,232. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andy F. Bessette sold 8,892 shares of the stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $130.78, for a total value of $1,162,895.76. Following the completion of the transaction, the executive vice president now owns 10,551 shares in the company, valued at approximately $1,379,859.78. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.
Travelers Companies Company Profile
The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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