Crestline Management LP acquired a new position in shares of Travelers Companies Inc (NYSE:TRV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 56,918 shares of the insurance provider’s stock, valued at approximately $6,816,000. Travelers Companies makes up about 1.0% of Crestline Management LP’s investment portfolio, making the stock its 8th biggest position.
Several other hedge funds also recently added to or reduced their stakes in TRV. Oregon Public Employees Retirement Fund boosted its position in shares of Travelers Companies by 11,730.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 3,495,996 shares in the last quarter. Eidelman Virant Capital bought a new position in shares of Travelers Companies during the 4th quarter worth about $3,855,000. Federated Investors Inc. PA boosted its position in shares of Travelers Companies by 81.5% during the 3rd 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. California Public Employees Retirement System boosted its position in shares of Travelers Companies by 41.6% during the 4th quarter. California Public Employees Retirement System now owns 1,461,036 shares of the insurance provider’s stock worth $174,959,000 after purchasing an additional 429,086 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Travelers Companies by 36.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,577,766 shares of the insurance provider’s stock worth $188,937,000 after purchasing an additional 424,608 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.
Shares of NYSE TRV opened at $134.18 on Friday. Travelers Companies Inc has a fifty-two week low of $111.08 and a fifty-two week high of $142.64. The stock has a market capitalization of $35.34 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 0.94 and a beta of 1.07. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Tuesday, January 22nd. The insurance provider reported $2.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.15. The business had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $6.92 billion. Travelers Companies had a net margin of 8.32% and a return on equity of 10.69%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.28 EPS. As a group, sell-side analysts expect that Travelers Companies Inc will post 11.18 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 11th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $3.08 annualized dividend and a yield of 2.30%. Travelers Companies’s dividend payout ratio (DPR) is 34.45%.
Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Travelers Companies from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. Credit Suisse Group reaffirmed a “neutral” rating on shares of Travelers Companies in a research report on Wednesday, January 23rd. Royal Bank of Canada cut shares of Travelers Companies from an “outperform” rating to a “sector perform” rating and set a $133.00 price target on the stock. in a research report on Tuesday, December 11th. Wells Fargo & Co set a $130.00 price target on shares of Travelers Companies and gave the company a “hold” rating in a research report on Wednesday, January 23rd. Finally, Compass Point assumed coverage on shares of Travelers Companies in a research report on Tuesday, January 15th. They issued a “buy” rating and a $155.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $138.33.
In other Travelers Companies news, Vice Chairman William H. Heyman sold 8,323 shares of the stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $125.54, for a total value of $1,044,869.42. Following the completion of the sale, the insider now owns 239,744 shares in the company, valued at approximately $30,097,461.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Alan D. Schnitzer sold 66,228 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $132.22, for a total transaction of $8,756,666.16. Following the completion of the sale, the chief executive officer now owns 134,252 shares of the company’s stock, valued at approximately $17,750,799.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,894 shares of company stock valued at $15,566,097. Company insiders own 0.80% of the company’s stock.
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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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