1 North Wealth Services LLC bought a new position in shares of Travelers Companies Inc (NYSE:TRV) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,458 shares of the insurance provider’s stock, valued at approximately $654,000.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Travelers Companies by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,074,825 shares of the insurance provider’s stock valued at $2,863,326,000 after purchasing an additional 65,931 shares during the last quarter. Vanguard Group Inc raised its stake in Travelers Companies by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 22,074,825 shares of the insurance provider’s stock valued at $2,863,326,000 after purchasing an additional 65,931 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Travelers Companies by 11,730.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 3,495,996 shares during the last quarter. Victory Capital Management Inc. raised its stake in Travelers Companies by 36.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,577,766 shares of the insurance provider’s stock valued at $188,937,000 after purchasing an additional 424,608 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Travelers Companies by 3.1% in the 3rd quarter. Wells Fargo & Company MN now owns 1,564,973 shares of the insurance provider’s stock valued at $202,992,000 after purchasing an additional 47,020 shares during the last quarter. 80.87% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on TRV shares. Morgan Stanley reduced their price objective on Travelers Companies from $126.00 to $119.00 and set an “underweight” rating for the company in a research note on Thursday, January 3rd. Compass Point started coverage on Travelers Companies in a research note on Tuesday, January 15th. They issued a “buy” rating and a $155.00 price objective for the company. Credit Suisse Group reissued a “neutral” rating on shares of Travelers Companies in a research note on Wednesday, January 23rd. Citigroup downgraded Travelers Companies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $149.00 to $134.00 in a research note on Friday, October 19th. Finally, Wells Fargo & Co reduced their price objective on Travelers Companies from $142.00 to $136.00 and set a “market perform” rating for the company in a research note on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $138.33.
Travelers Companies (NYSE:TRV) last issued its earnings results on Tuesday, January 22nd. The insurance provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.15. Travelers Companies had a return on equity of 10.69% and a net margin of 8.32%. The business had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period last year, the company earned $2.28 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, sell-side analysts forecast that Travelers Companies Inc will post 11.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 11th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, March 8th. Travelers Companies’s dividend payout ratio (DPR) is presently 34.45%.
In other Travelers Companies news, Vice Chairman William H. Heyman sold 8,323 shares of the firm’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $125.54, for a total value of $1,044,869.42. Following the completion of the sale, the insider now directly owns 239,744 shares of the company’s stock, valued at approximately $30,097,461.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is owned by company insiders.
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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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