Afam Capital Inc. Has $2.36 Million Stake in Travelers Companies Inc (TRV)
Afam Capital Inc. lifted its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,280 shares of the insurance provider’s stock after buying an additional 383 shares during the period. Afam Capital Inc.’s holdings in Travelers Companies were worth $2,362,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Valeo Financial Advisors LLC acquired a new stake in Travelers Companies in the third quarter worth approximately $108,000. Tradewinds Capital Management LLC lifted its position in Travelers Companies by 1.1% in the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after purchasing an additional 10 shares during the period. Intellectus Partners LLC lifted its position in Travelers Companies by 4.6% in the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock worth $118,000 after purchasing an additional 41 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in Travelers Companies by 3.6% in the second quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock worth $126,000 after purchasing an additional 35 shares during the period. Finally, Omnia Family Wealth LLC lifted its position in Travelers Companies by 4.7% in the second quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock worth $128,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 78.67% of the company’s stock.
Travelers Companies Inc (NYSE TRV) traded down $0.45 during midday trading on Wednesday, hitting $133.90. The company’s stock had a trading volume of 849,634 shares, compared to its average volume of 1,492,969. The company has a market capitalization of $36,445.35, a PE ratio of 16.26, a P/E/G ratio of 2.62 and a beta of 1.25. Travelers Companies Inc has a 52 week low of $113.76 and a 52 week high of $137.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.41 and a quick ratio of 0.41.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). The company had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.46 billion. Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. Travelers Companies’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.40 EPS. sell-side analysts predict that Travelers Companies Inc will post 6.76 earnings per share for the current year.
Travelers Companies announced that its Board of Directors has initiated a stock repurchase plan on Monday, September 11th that permits the company to buyback outstanding shares. This buyback authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.88 annualized dividend and a dividend yield of 2.15%. Travelers Companies’s dividend payout ratio is currently 33.45%.
In other Travelers Companies news, EVP Andy F. Bessette sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total transaction of $265,960.00. Following the sale, the executive vice president now directly owns 8,000 shares of the company’s stock, valued at approximately $1,063,840. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maria Olivo sold 33,225 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were 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 sold 55,302 shares of company stock worth $7,347,753 in the last ninety days. 0.82% of the stock is owned by corporate insiders.
A number of research firms have weighed in on TRV. Zacks Investment Research downgraded Travelers Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. UBS cut their target price on Travelers Companies from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, September 19th. Argus upped their target price on Travelers Companies from $139.00 to $145.00 and gave the stock a “positive” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Wells Fargo & Company set a $125.00 target price on Travelers Companies and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $148.00 target price on shares of Travelers Companies in a research report on Friday, December 8th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $132.01.
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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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