Gabelli Funds LLC trimmed its holdings in Travelers Companies Inc (NYSE:TRV) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,700 shares of the insurance provider’s stock after selling 2,000 shares during the period. Gabelli Funds LLC’s holdings in Travelers Companies were worth $14,489,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in TRV. Victory Capital Management Inc. grew its stake in Travelers Companies by 3,351.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,153,158 shares of the insurance provider’s stock valued at $149,576,000 after buying an additional 1,119,743 shares in the last quarter. Bank of Montreal Can grew its stake in Travelers Companies by 106.7% in the 3rd quarter. Bank of Montreal Can now owns 1,024,894 shares of the insurance provider’s stock valued at $132,939,000 after buying an additional 529,067 shares in the last quarter. Millennium Management LLC grew its stake in Travelers Companies by 655.9% in the 2nd quarter. Millennium Management LLC now owns 600,893 shares of the insurance provider’s stock valued at $73,513,000 after buying an additional 521,397 shares in the last quarter. Rothschild Asset Management Inc. purchased a new position in Travelers Companies in the 2nd quarter valued at approximately $42,766,000. Finally, Bank of Nova Scotia grew its stake in Travelers Companies by 489.9% in the 2nd quarter. Bank of Nova Scotia now owns 385,534 shares of the insurance provider’s stock valued at $47,166,000 after buying an additional 320,180 shares in the last quarter. Institutional investors and hedge funds own 79.33% of the company’s stock.
In other news, Vice Chairman Jay S. Benet sold 8,876 shares of Travelers Companies stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the completion of the sale, the insider now directly owns 94,176 shares of the company’s stock, valued at approximately $12,431,232. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andy F. Bessette sold 8,892 shares of Travelers Companies stock in a transaction on Friday, August 17th. The stock was sold at an average price of $130.78, for a total transaction of $1,162,895.76. Following the sale, the executive vice president now directly owns 10,551 shares of the company’s stock, valued at $1,379,859.78. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.
TRV opened at $131.03 on Friday. The firm has a market cap of $34.06 billion, a PE ratio of 18.00, a PEG ratio of 1.02 and a beta of 1.19. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.29. Travelers Companies Inc has a one year low of $119.67 and a one year high of $150.55.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 18th. The insurance provider reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.28. Travelers Companies had a net margin of 8.18% and a return on equity of 10.86%. The company had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same period in the previous year, the firm posted $0.91 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts forecast that Travelers Companies Inc will post 9.88 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 10th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, December 7th. Travelers Companies’s dividend payout ratio is currently 42.31%.
A number of research analysts have recently commented on TRV shares. TheStreet lowered shares of Travelers Companies from a “b” rating to a “c+” rating in a research report on Thursday, July 19th. MKM Partners reduced their price target on shares of Travelers Companies to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 24th. Zacks Investment Research lowered shares of Travelers Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. B. Riley boosted their price target on shares of Travelers Companies from $118.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Finally, Citigroup boosted their price target on shares of Travelers Companies from $144.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $136.36.
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About Travelers Companies
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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