Sentry Investment Management LLC reduced its stake in Travelers Companies Inc (NYSE:TRV) by 33.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,933 shares of the insurance provider’s stock after selling 6,102 shares during the period. Sentry Investment Management LLC’s holdings in Travelers Companies were worth $1,548,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of TRV. Victory Capital Management Inc. boosted its position in shares of 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 worth $149,576,000 after purchasing an additional 1,119,743 shares during the last quarter. Bank of Montreal Can boosted its position in shares of 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 worth $132,939,000 after purchasing an additional 529,067 shares during the last quarter. Millennium Management LLC boosted its position in shares of Travelers Companies by 655.9% in the 2nd quarter. Millennium Management LLC now owns 600,893 shares of the insurance provider’s stock worth $73,513,000 after purchasing an additional 521,397 shares during the last quarter. Rothschild Asset Management Inc. bought a new position in shares of Travelers Companies in the 2nd quarter worth $42,766,000. Finally, Bank of Nova Scotia boosted its position in shares of Travelers Companies by 489.9% in the 2nd quarter. Bank of Nova Scotia now owns 385,534 shares of the insurance provider’s stock worth $47,166,000 after purchasing an additional 320,180 shares during the last quarter. Institutional investors and hedge funds own 79.33% of the company’s stock.
In other Travelers Companies news, Vice Chairman Jay S. Benet sold 8,876 shares of Travelers Companies stock in a transaction dated 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 sale, the insider now owns 94,176 shares of the company’s stock, valued at approximately $12,431,232. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andy F. Bessette sold 8,892 shares of Travelers Companies stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $130.78, for a total value of $1,162,895.76. Following the completion of the sale, the executive vice president now directly owns 10,551 shares in the company, valued at approximately $1,379,859.78. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.
Several research analysts have recently issued reports on the company. TheStreet lowered 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 Travelers Companies to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 24th. Zacks Investment Research lowered Travelers Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. B. Riley raised their price target on Travelers Companies from $118.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. Finally, Citigroup raised their price target on Travelers Companies from $144.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, July 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $136.36.
Shares of Travelers Companies stock opened at $131.03 on Friday. The firm has a market cap of $34.51 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 1.04 and a beta of 1.19. Travelers Companies Inc has a 12 month low of $119.67 and a 12 month high of $150.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.39 and a current ratio of 0.39.
Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 18th. The insurance provider reported $2.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.28. The business had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.83 billion. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. On average, analysts expect that Travelers Companies Inc will post 9.88 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 10th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 2.35%. The ex-dividend date is Friday, December 7th. Travelers Companies’s payout ratio is presently 42.31%.
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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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