Watch Point Trust Co trimmed its position in shares of Travelers Companies Inc (NYSE:TRV) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,495 shares of the insurance provider’s stock after selling 815 shares during the period. Travelers Companies comprises 1.9% of Watch Point Trust Co’s portfolio, making the stock its 24th largest position. Watch Point Trust Co’s holdings in Travelers Companies were worth $3,642,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Travelers Companies by 1.2% during the second quarter. Vanguard Group Inc. now owns 22,438,220 shares of the insurance provider’s stock valued at $3,354,963,000 after acquiring an additional 271,094 shares during the last quarter. Boston Partners raised its stake in Travelers Companies by 133.3% in the second quarter. Boston Partners now owns 4,072,444 shares of the insurance provider’s stock worth $609,075,000 after buying an additional 2,326,784 shares in the last quarter. Northern Trust Corp raised its stake in Travelers Companies by 1.4% in the second quarter. Northern Trust Corp now owns 3,618,718 shares of the insurance provider’s stock worth $541,070,000 after buying an additional 51,281 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Travelers Companies by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 2,599,903 shares of the insurance provider’s stock worth $388,738,000 after buying an additional 105,288 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Travelers Companies by 7.6% in the third quarter. California Public Employees Retirement System now owns 2,210,290 shares of the insurance provider’s stock worth $328,648,000 after buying an additional 155,508 shares in the last quarter. 82.10% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Andy F. Bessette sold 11,650 shares of the 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 sale, the executive vice president now owns 21,259 shares in the company, valued at $3,121,884.15. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Jay S. Benet sold 21,972 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $146.59, for a total transaction of $3,220,875.48. Following the sale, the insider now owns 94,588 shares in the company, valued at approximately $13,865,654.92. The disclosure for this sale can be found here. Insiders have sold 37,167 shares of company stock valued at $5,454,246 in the last ninety days. Insiders own 0.73% of the company’s stock.
Shares of NYSE TRV traded up $0.28 on Friday, reaching $133.29. 1,280,400 shares of the company’s stock traded hands, compared to its average volume of 1,312,134. Travelers Companies Inc has a 12 month low of $111.08 and a 12 month high of $155.09. The business’s 50 day simple moving average is $139.49 and its two-hundred day simple moving average is $145.71. The company has a market cap of $33.88 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 1.45 and a beta of 0.90. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.26.
Travelers Companies (NYSE:TRV) last announced its earnings results on Tuesday, October 22nd. The insurance provider reported $1.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.35 by ($0.92). Travelers Companies had a net margin of 7.57% and a return on equity of 9.13%. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.17 billion. During the same period in the prior year, the business posted $2.54 EPS. Travelers Companies’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts forecast that Travelers Companies Inc will post 9.76 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Monday, December 9th. Travelers Companies’s dividend payout ratio is 36.69%.
A number of equities analysts recently issued reports on TRV shares. Barclays decreased their price target on shares of Travelers Companies from $177.00 to $174.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Argus decreased their price target on shares of Travelers Companies to $145.00 in a research note on Thursday, October 24th. Wells Fargo & Co decreased their price target on shares of Travelers Companies from $140.00 to $136.00 and set a “market perform” rating for the company in a research note on Wednesday, October 23rd. Buckingham Research downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price target for the company. in a research note on Friday, July 19th. Finally, Credit Suisse Group decreased their price target on shares of Travelers Companies from $141.00 to $126.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $147.93.
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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