Beacon Investment Advisory Services Inc. Has $1.17 Million Holdings in Travelers Companies Inc (TRV)
Beacon Investment Advisory Services Inc. lifted its stake in shares of Travelers Companies Inc (NYSE:TRV) by 224.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,557 shares of the insurance provider’s stock after buying an additional 6,609 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Travelers Companies were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Balyasny Asset Management LLC lifted its stake in shares of Travelers Companies by 2,272.4% in the second quarter. Balyasny Asset Management LLC now owns 1,471,130 shares of the insurance provider’s stock worth $186,142,000 after buying an additional 1,409,121 shares in the last quarter. FIL Ltd bought a new position in shares of Travelers Companies in the second quarter worth approximately $161,641,000. Janus Henderson Group PLC lifted its stake in shares of Travelers Companies by 3,559.7% in the second quarter. Janus Henderson Group PLC now owns 1,305,445 shares of the insurance provider’s stock worth $165,178,000 after buying an additional 1,269,774 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Travelers Companies by 2,264.8% in the second quarter. American Century Companies Inc. now owns 901,739 shares of the insurance provider’s stock worth $114,097,000 after buying an additional 863,607 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new position in shares of Travelers Companies in the third quarter worth approximately $78,058,000. Institutional investors own 78.67% of the company’s stock.
Travelers Companies Inc (NYSE:TRV) traded down $0.59 during mid-day trading on Tuesday, reaching $133.16. 1,068,700 shares of the company’s stock traded hands, compared to its average volume of 1,493,337. Travelers Companies Inc has a fifty-two week low of $113.76 and a fifty-two week high of $137.95. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $36,606.82, a price-to-earnings ratio of 16.33, a P/E/G ratio of 2.64 and a beta of 1.25.
Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the business earned $2.40 EPS. Travelers Companies’s revenue for the quarter was up 4.2% compared to the same quarter last year. research analysts anticipate that Travelers Companies Inc will post 6.76 EPS for the current fiscal year.
Travelers Companies declared that its Board of Directors has initiated a share repurchase program on Monday, September 11th that permits the company to repurchase outstanding shares. This repurchase authorization permits the insurance provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders 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 2.16%. Travelers Companies’s dividend payout ratio (DPR) is presently 33.45%.
In other Travelers Companies news, EVP Andy F. Bessette sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total transaction of $265,960.00. Following the transaction, the executive vice president now owns 8,000 shares of the company’s stock, valued at approximately $1,063,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maria Olivo sold 33,225 shares of the firm’s stock in a transaction dated 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 a total of 55,302 shares of company stock valued at $7,347,753 in the last 90 days. Company insiders own 0.82% of the company’s stock.
TRV has been the topic of a number of research analyst reports. Goldman Sachs Group initiated coverage on shares of Travelers Companies in a research report on Monday, December 4th. They set a “sell” rating and a $124.00 price objective on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $152.00 target price on shares of Travelers Companies in a report on Wednesday, December 6th. Royal Bank of Canada reaffirmed a “buy” rating and set a $148.00 target price on shares of Travelers Companies in a report on Friday. Citigroup reduced their target price on shares of Travelers Companies from $142.00 to $140.00 and set a “buy” rating for the company in a report on Monday, October 2nd. Finally, Buckingham Research started coverage on shares of Travelers Companies in a report on Monday, September 11th. They set a “buy” rating and a $136.00 target price for the company. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $132.18.
Travelers Companies Company 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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