Xact Kapitalforvaltning AB decreased its stake in shares of Travelers Companies Inc (NYSE:TRV) by 10.6% during the 4th quarter, Holdings Channel reports. The firm owned 40,937 shares of the insurance provider’s stock after selling 4,863 shares during the period. Xact Kapitalforvaltning AB’s holdings in Travelers Companies were worth $5,553,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of TRV. Point72 Asset Management L.P. bought a new position in shares of Travelers Companies during the 3rd quarter worth approximately $8,254,000. Abner Herrman & Brock LLC boosted its stake in shares of Travelers Companies by 6.5% during the 4th quarter. Abner Herrman & Brock LLC now owns 62,879 shares of the insurance provider’s stock worth $8,529,000 after acquiring an additional 3,853 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Travelers Companies by 138.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,091 shares of the insurance provider’s stock worth $284,000 after acquiring an additional 1,213 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Travelers Companies by 8.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,442 shares of the insurance provider’s stock worth $2,750,000 after acquiring an additional 1,683 shares during the period. Finally, Eaton Vance Management boosted its stake in shares of Travelers Companies by 2.2% during the 4th quarter. Eaton Vance Management now owns 232,379 shares of the insurance provider’s stock worth $31,520,000 after acquiring an additional 4,903 shares during the period. 80.11% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently commented on TRV. Royal Bank of Canada reiterated a “buy” rating and set a $148.00 target price on shares of Travelers Companies in a research note on Friday, December 8th. ValuEngine downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Credit Suisse Group lifted their target price on Travelers Companies from $141.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Zacks Investment Research upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research note on Friday, January 5th. Finally, Atlantic Securities upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 target price for the company in a research note on Friday, January 26th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Travelers Companies currently has an average rating of “Hold” and an average target price of $137.20.
Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.56 by ($0.28). The firm had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $6.47 billion. Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.20 earnings per share. equities analysts predict that Travelers Companies Inc will post 10.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.88 annualized dividend and a yield of 2.13%. Travelers Companies’s dividend payout ratio (DPR) is presently 39.40%.
In related news, Vice Chairman William H. Heyman sold 2,022 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $140.37, for a total value of $283,828.14. Following the completion of the sale, the insider now directly owns 242,244 shares in the company, valued at approximately $34,003,790.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Brian W. Maclean sold 88,607 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $149.29, for a total value of $13,228,139.03. Following the completion of the sale, the chief operating officer now owns 211,293 shares of the company’s stock, valued at $31,543,931.97. The disclosure for this sale can be found here. Insiders sold a total of 191,601 shares of company stock valued at $28,080,420 over the last 90 days. 0.82% of the stock is currently owned by corporate 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.
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