Braun Stacey Associates Inc. lessened its holdings in Travelers Companies Inc (NYSE:TRV) by 27.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,688 shares of the insurance provider’s stock after selling 9,013 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Travelers Companies were worth $3,213,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Thrivent Financial For Lutherans boosted its holdings in Travelers Companies by 3.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 10,792 shares of the insurance provider’s stock worth $1,366,000 after acquiring an additional 394 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in Travelers Companies by 7.3% during the 2nd quarter. GSA Capital Partners LLP now owns 3,351 shares of the insurance provider’s stock worth $424,000 after acquiring an additional 229 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. raised its stake in shares of Travelers Companies by 1.4% during the 2nd quarter. Woodley Farra Manion Portfolio Management Inc. now owns 232,178 shares of the insurance provider’s stock worth $29,378,000 after purchasing an additional 3,261 shares during the period. Willis Investment Counsel raised its stake in shares of Travelers Companies by 0.4% during the 2nd quarter. Willis Investment Counsel now owns 75,800 shares of the insurance provider’s stock worth $9,591,000 after purchasing an additional 300 shares during the period. Finally, Horizon Investments LLC raised its stake in shares of Travelers Companies by 92.3% during the 2nd quarter. Horizon Investments LLC now owns 10,874 shares of the insurance provider’s stock worth $1,311,000 after purchasing an additional 5,218 shares during the period. Institutional investors and hedge funds own 78.59% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Wells Fargo & Co restated a “market perform” rating and issued a $142.00 price objective on shares of Travelers Companies in a research note on Tuesday, January 23rd. Credit Suisse Group upped their price target on Travelers Companies from $141.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Royal Bank of Canada upped their price target on Travelers Companies to $140.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Goldman Sachs Group initiated coverage on Travelers Companies in a report on Monday, December 4th. They set a “sell” rating and a $124.00 price objective for the company. Finally, Zacks Investment Research raised Travelers Companies from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $136.07.
Travelers Companies Inc (NYSE:TRV) opened at $141.68 on Thursday. Travelers Companies Inc has a twelve month low of $113.76 and a twelve month high of $150.55. The stock has a market capitalization of $38,480.00, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 1.85 and a beta of 1.26. The company has a quick ratio of 0.41, a current ratio of 0.39 and a debt-to-equity ratio of 0.28.
Travelers Companies (NYSE:TRV) last released its earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.28). Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The company had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the prior year, the company posted $3.20 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. equities analysts forecast that Travelers Companies Inc will post 10.59 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be given a dividend of $0.72 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.88 annualized dividend and a dividend yield of 2.03%. Travelers Companies’s dividend payout ratio (DPR) is presently 33.33%.
Travelers Companies announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 9th that allows the company to buyback outstanding shares. This buyback authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.
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About Travelers Companies
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.
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