Epoch Investment Partners Inc. Takes Position in Travelers Companies Inc (TRV)

Epoch Investment Partners Inc. bought a new position in shares of Travelers Companies Inc (NYSE:TRV) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 138,157 shares of the insurance provider’s stock, valued at approximately $16,927,000. Epoch Investment Partners Inc. owned approximately 0.05% of Travelers Companies at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Carnick & Kubik Group LLC bought a new position in Travelers Companies during the 3rd quarter worth about $758,000. Robeco Institutional Asset Management B.V. bought a new position in Travelers Companies during the 3rd quarter worth about $78,058,000. DekaBank Deutsche Girozentrale grew its holdings in Travelers Companies by 5.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 137,846 shares of the insurance provider’s stock worth $17,537,000 after acquiring an additional 7,042 shares in the last quarter. Palisade Asset Management LLC boosted its holdings in shares of Travelers Companies by 2.2% in the 2nd quarter. Palisade Asset Management LLC now owns 18,569 shares of the insurance provider’s stock valued at $2,350,000 after buying an additional 400 shares in the last quarter. Finally, IBM Retirement Fund boosted its holdings in shares of Travelers Companies by 109.5% in the 2nd quarter. IBM Retirement Fund now owns 6,812 shares of the insurance provider’s stock valued at $963,000 after buying an additional 3,561 shares in the last quarter. Institutional investors own 78.49% of the company’s stock.

Shares of Travelers Companies Inc (NYSE TRV) traded down $0.02 during trading on Friday, hitting $135.64. 812,345 shares of the company traded hands, compared to its average volume of 1,292,341. The stock has a market cap of $37,129.59, a price-to-earnings ratio of 15.75, a P/E/G ratio of 2.67 and a beta of 1.25. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.29. Travelers Companies Inc has a 52-week low of $113.76 and a 52-week high of $137.95.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The company had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the previous year, the business earned $2.40 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. analysts anticipate that Travelers Companies Inc will post 6.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 11th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Friday, December 8th. Travelers Companies’s dividend payout ratio is presently 33.45%.

Travelers Companies declared that its board has authorized a stock repurchase plan on Monday, September 11th that permits the company to buyback shares. This buyback authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

TRV has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of Travelers Companies from $142.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, October 2nd. Royal Bank of Canada raised their price target on shares of Travelers Companies to $140.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Credit Suisse Group lowered their price target on shares of Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, September 12th. Zacks Investment Research upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Finally, ValuEngine upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $132.01.

In other Travelers Companies news, EVP Michael Frederick Klein sold 20,077 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the completion of the transaction, the executive vice president now directly owns 21,619 shares of the company’s stock, valued at approximately $2,825,170.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Olivo sold 33,225 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $134.18, for a total transaction of $4,458,130.50. The disclosure for this sale can be found here. Insiders have sold a total of 55,302 shares of company stock valued at $7,347,753 over the last three months. 0.82% of the stock is currently owned by insiders.

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Travelers Companies Profile

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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