AMP Capital Investors Ltd Grows Stake in Travelers Companies Inc (TRV)
AMP Capital Investors Ltd grew its position in Travelers Companies Inc (NYSE:TRV) by 1.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 242,491 shares of the insurance provider’s stock after buying an additional 2,285 shares during the period. AMP Capital Investors Ltd owned 0.09% of Travelers Companies worth $29,711,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC increased its stake in shares of Travelers Companies by 1.1% in the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after buying an additional 10 shares during the period. Intellectus Partners LLC increased its stake in shares of Travelers Companies by 4.6% in the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after buying an additional 41 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in shares of Travelers Companies by 3.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after buying an additional 35 shares during the period. Omnia Family Wealth LLC increased its stake in shares of Travelers Companies by 4.7% in the 2nd quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock valued at $128,000 after buying an additional 46 shares during the period. Finally, Security National Trust Co. increased its stake in shares of Travelers Companies by 260.9% in the 3rd quarter. Security National Trust Co. now owns 1,043 shares of the insurance provider’s stock valued at $128,000 after buying an additional 754 shares during the period. 78.52% of the stock is owned by institutional investors.
TRV has been the subject of several research reports. Citigroup lowered their target price on Travelers Companies from $142.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, October 2nd. Buckingham Research initiated coverage on Travelers Companies in a research note on Monday, September 11th. They set a “buy” rating and a $136.00 price objective for the company. ValuEngine raised Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $135.00 price objective on shares of Travelers Companies in a research note on Monday, August 21st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $152.00 price objective on shares of Travelers Companies in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. Travelers Companies presently has a consensus rating of “Hold” and an average price target of $131.71.
In other Travelers Companies news, EVP Michael Frederick Klein sold 20,077 shares of Travelers Companies stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the transaction, the executive vice president now directly owns 21,619 shares in the company, valued at $2,825,170.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Maria Olivo sold 33,225 shares of Travelers Companies stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $134.18, for a total value of $4,458,130.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,302 shares of company stock worth $7,347,753. Corporate insiders own 0.82% of the company’s stock.
Travelers Companies Inc (NYSE TRV) traded up $0.04 during mid-day trading on Thursday, reaching $135.36. The company’s stock had a trading volume of 1,044,700 shares, compared to its average volume of 1,498,635. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $37,036.53, a price-to-earnings ratio of 16.52, a PEG ratio of 2.67 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.
Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.40 earnings per share. sell-side analysts expect that Travelers Companies Inc will post 6.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be issued a dividend of $0.72 per share. The ex-dividend date is Friday, December 8th. This represents a $2.88 annualized dividend and a yield of 2.13%. Travelers Companies’s dividend payout ratio is presently 33.45%.
Travelers Companies announced that its Board of Directors has approved a share repurchase plan on Monday, September 11th that permits the company to repurchase outstanding shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
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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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