Keybank National Association OH reduced its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,264 shares of the insurance provider’s stock after selling 4,276 shares during the period. Keybank National Association OH’s holdings in Travelers Companies were worth $16,990,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Next Capital Management LLC acquired a new stake in Travelers Companies during the 2nd quarter worth about $25,000. Virtus ETF Advisers LLC bought a new position in shares of Travelers Companies during the 2nd quarter worth about $25,000. Krane Funds Advisors LLC bought a new position in shares of Travelers Companies during the 2nd quarter worth about $25,000. Advantage Investment Management LLC bought a new position in shares of Travelers Companies during the 2nd quarter worth about $25,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Travelers Companies during the 2nd quarter worth about $28,000. Hedge funds and other institutional investors own 82.10% of the company’s stock.
In related news, Vice Chairman Jay S. Benet sold 21,972 shares of Travelers Companies stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $146.59, for a total value of $3,220,875.48. Following the completion of the transaction, the insider now directly owns 94,588 shares in the company, valued at approximately $13,865,654.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andy F. Bessette sold 11,650 shares of Travelers Companies stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $146.85, for a total transaction of $1,710,802.50. Following the completion of the transaction, the executive vice president now owns 21,259 shares of the company’s stock, valued at $3,121,884.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,167 shares of company stock valued at $5,454,246. 0.73% of the stock is currently owned by company insiders.
A number of equities analysts have recently issued reports on the stock. MKM Partners raised shares of Travelers Companies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $130.00 to $160.00 in a research report on Monday, October 28th. ValuEngine cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays cut their price objective on shares of Travelers Companies from $177.00 to $174.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Royal Bank of Canada increased their price objective on shares of Travelers Companies to $160.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th. Finally, Buckingham Research cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $147.93.
Shares of TRV stock traded up $0.12 during trading hours on Friday, hitting $133.13. 908,671 shares of the company were exchanged, compared to its average volume of 1,416,348. The firm has a fifty day simple moving average of $139.78 and a 200 day simple moving average of $145.74. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.26. Travelers Companies Inc has a 52-week low of $111.08 and a 52-week high of $155.09. The stock has a market capitalization of $33.88 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 1.45 and a beta of 0.90.
Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Tuesday, October 22nd. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.35 by ($0.92). Travelers Companies had a return on equity of 9.13% and a net margin of 7.57%. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same quarter in the previous year, the business earned $2.54 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Sell-side analysts anticipate that Travelers Companies Inc will post 9.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.82 per share. The ex-dividend date is Monday, December 9th. This represents a $3.28 annualized dividend and a dividend yield of 2.46%. Travelers Companies’s payout ratio is currently 36.69%.
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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