Eaton Vance Management decreased its stake in shares of Travelers Companies Inc (NYSE:TRV) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 250,457 shares of the insurance provider’s stock after selling 891 shares during the quarter. Eaton Vance Management owned about 0.09% of Travelers Companies worth $32,487,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Carnick & Kubik Group LLC raised its stake in Travelers Companies by 7.4% during the third quarter. Carnick & Kubik Group LLC now owns 8,942 shares of the insurance provider’s stock valued at $1,160,000 after buying an additional 617 shares during the last quarter. Hartford Financial Management Inc. purchased a new position in Travelers Companies during the second quarter valued at $205,000. Nuance Investments LLC raised its stake in Travelers Companies by 16.2% during the second quarter. Nuance Investments LLC now owns 630,719 shares of the insurance provider’s stock valued at $77,162,000 after buying an additional 88,049 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in Travelers Companies during the second quarter valued at $464,000. Finally, Sky Investment Group LLC purchased a new position in Travelers Companies during the second quarter valued at $1,026,000. Institutional investors and hedge funds own 78.50% of the company’s stock.
TRV has been the subject of a number of recent research reports. Credit Suisse Group initiated coverage on Travelers Companies in a research note on Tuesday, August 7th. They set a “neutral” rating and a $141.00 price objective for the company. B. Riley boosted their price target on Travelers Companies from $118.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. TheStreet upgraded Travelers Companies from a “c+” rating to a “b” rating in a research note on Thursday, August 30th. Zacks Investment Research cut Travelers Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Finally, Wells Fargo & Co restated a “hold” rating and issued a $142.00 price target on shares of Travelers Companies in a research note on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. Travelers Companies presently has an average rating of “Hold” and a consensus target price of $136.36.
TRV stock opened at $130.37 on Monday. Travelers Companies Inc has a 1-year low of $119.67 and a 1-year high of $150.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $34.53 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 1.05 and a beta of 1.19.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 18th. The insurance provider reported $2.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.28. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. The firm had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. As a group, research analysts anticipate that Travelers Companies Inc will post 9.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 10th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Friday, December 7th. Travelers Companies’s dividend payout ratio is currently 42.31%.
In related news, EVP Andy F. Bessette sold 1,666 shares of the company’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $126.17, for a total transaction of $210,199.22. Following the completion of the sale, the executive vice president now owns 8,457 shares in the company, valued at $1,067,019.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by corporate insiders.
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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