Brandywine Global Investment Management LLC cut its position in Travelers Companies Inc (NYSE:TRV) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 547,417 shares of the insurance provider’s stock after selling 6,453 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.21% of Travelers Companies worth $65,554,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Transamerica Financial Advisors Inc. grew its stake in Travelers Companies by 401.5% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 331 shares of the insurance provider’s stock valued at $40,000 after buying an additional 265 shares during the last quarter. First Command Bank grew its stake in Travelers Companies by 108.5% in the 4th quarter. First Command Bank now owns 467 shares of the insurance provider’s stock valued at $56,000 after buying an additional 243 shares during the last quarter. First Command Financial Services Inc. grew its stake in Travelers Companies by 108.5% in the 4th quarter. First Command Financial Services Inc. now owns 467 shares of the insurance provider’s stock valued at $56,000 after buying an additional 243 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new position in Travelers Companies in the 4th quarter valued at $65,000. Finally, Ipswich Investment Management Co. Inc. acquired a new position in Travelers Companies in the 4th quarter valued at $66,000. Institutional investors and hedge funds own 79.91% of the company’s stock.
TRV has been the topic of several research analyst reports. Royal Bank of Canada lowered 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. Credit Suisse Group restated a “hold” rating and issued a $141.00 price target on shares of Travelers Companies in a research report on Thursday, December 20th. Zacks Investment Research restated a “sell” rating on shares of Travelers Companies in a research report on Monday, December 31st. Morgan Stanley decreased their price target on shares of Travelers Companies from $126.00 to $119.00 and set an “underweight” rating on the stock in a research report on Thursday, January 3rd. Finally, Barclays upgraded shares of Travelers Companies from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $135.00 to $145.00 in a research report on Wednesday, January 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $138.33.
In other news, Vice Chairman William H. Heyman sold 8,323 shares of the firm’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $125.54, for a total transaction of $1,044,869.42. Following the completion of the transaction, the insider now directly owns 239,744 shares of the company’s stock, valued at approximately $30,097,461.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 4,450 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $132.57, for a total transaction of $589,936.50. Following the transaction, the executive vice president now directly owns 13,219 shares of the company’s stock, valued at $1,752,442.83. The disclosure for this sale can be found here. Insiders have sold a total of 118,894 shares of company stock valued at $15,566,097 over the last ninety days. 0.80% of the stock is owned by insiders.
NYSE TRV opened at $134.18 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $35.34 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 0.94 and a beta of 1.07. Travelers Companies Inc has a 52-week low of $111.08 and a 52-week high of $142.64.
Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, January 22nd. The insurance provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.15. The company had revenue of $6.95 billion during the quarter, compared to the consensus estimate 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 period last year, the firm earned $2.28 EPS. Research analysts forecast that Travelers Companies Inc will post 11.18 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders 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 2.30%. The ex-dividend date is Friday, March 8th. Travelers Companies’s payout ratio is 34.45%.
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Travelers Companies 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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