Victory Capital Management Inc. raised its holdings in Travelers Companies Inc (NYSE:TRV) by 36.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,577,766 shares of the insurance provider’s stock after buying an additional 424,608 shares during the period. Victory Capital Management Inc. owned about 0.60% of Travelers Companies worth $188,937,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Eidelman Virant Capital acquired a new stake in shares of Travelers Companies during the fourth quarter worth about $3,855,000. Federated Investors Inc. PA increased its position in shares of Travelers Companies by 81.5% during the third quarter. Federated Investors Inc. PA now owns 1,118,357 shares of the insurance provider’s stock worth $145,062,000 after purchasing an additional 502,287 shares in the last quarter. AXA increased its position in shares of Travelers Companies by 405.8% during the third quarter. AXA now owns 321,828 shares of the insurance provider’s stock worth $41,744,000 after purchasing an additional 258,200 shares in the last quarter. ING Groep NV acquired a new stake in shares of Travelers Companies during the third quarter worth about $27,170,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Travelers Companies by 692.2% during the third quarter. The Manufacturers Life Insurance Company now owns 197,395 shares of the insurance provider’s stock worth $25,604,000 after purchasing an additional 172,479 shares in the last quarter. Institutional investors own 80.87% of the company’s stock.
Shares of NYSE TRV traded up $1.06 during midday trading on Tuesday, reaching $126.48. 21,213 shares of the company were exchanged, compared to its average volume of 1,479,829. The company has a quick ratio of 0.39, a current ratio of 0.38 and a debt-to-equity ratio of 0.29. Travelers Companies Inc has a 1 year low of $111.08 and a 1 year high of $143.41. The firm has a market cap of $33.65 billion, a P/E ratio of 14.18, a P/E/G ratio of 0.89 and a beta of 1.05.
Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Tuesday, January 22nd. The insurance provider reported $2.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.15. Travelers Companies had a return on equity of 10.69% and a net margin of 8.32%. The firm had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter last year, the company posted $2.28 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. As a group, analysts anticipate that Travelers Companies Inc will post 11.16 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 11th 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 2.44%. The ex-dividend date is Friday, March 8th. Travelers Companies’s dividend payout ratio is currently 34.45%.
In related news, Vice Chairman William H. Heyman sold 8,323 shares of the firm’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $125.54, for a total transaction of $1,044,869.42. Following the transaction, the insider now owns 239,744 shares of the company’s stock, valued at $30,097,461.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Andy F. Bessette sold 1,666 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $126.17, for a total value of $210,199.22. Following the transaction, the executive vice president now directly owns 8,457 shares in the company, valued at approximately $1,067,019.69. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.
A number of analysts have recently commented on the company. Citigroup cut Travelers Companies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $149.00 to $134.00 in a research report on Friday, October 19th. Credit Suisse Group reiterated a “neutral” rating on shares of Travelers Companies in a research report on Wednesday, January 23rd. Wells Fargo & Co cut their target price on Travelers Companies from $142.00 to $136.00 and set a “market perform” rating on the stock in a research report on Friday, October 19th. Zacks Investment Research cut Travelers Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Finally, Compass Point assumed coverage on Travelers Companies in a research report on Tuesday, January 15th. They set a “buy” rating and a $155.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $138.33.
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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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