Crestwood Advisors Group LLC Has $15.47 Million Position in Travelers Companies Inc (TRV)
Crestwood Advisors Group LLC increased its position in shares of Travelers Companies Inc (NYSE:TRV) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,221 shares of the insurance provider’s stock after buying an additional 1,362 shares during the period. Crestwood Advisors Group LLC’s holdings in Travelers Companies were worth $15,465,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC purchased a new stake in Travelers Companies during the 3rd quarter worth $106,000. Valeo Financial Advisors LLC purchased a new stake in Travelers Companies during the 3rd quarter worth $108,000. Tradewinds Capital Management LLC increased its stake in Travelers Companies by 1.1% during the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after buying an additional 10 shares during the period. Intellectus Partners LLC increased its stake in Travelers Companies by 4.6% during the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock worth $118,000 after buying an additional 41 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its stake in Travelers Companies by 3.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock worth $126,000 after buying an additional 35 shares during the period. 78.67% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Andy F. Bessette sold 2,000 shares of Travelers Companies stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total value of $265,960.00. Following the completion of the transaction, the executive vice president now directly owns 8,000 shares of the company’s stock, valued at approximately $1,063,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maria Olivo sold 33,225 shares of Travelers Companies 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 over the last ninety days. Company insiders own 0.82% of the company’s stock.
Travelers Companies Inc (NYSE TRV) traded down $0.79 during midday trading on Thursday, hitting $133.56. 1,328,600 shares of the stock traded hands, compared to its average volume of 1,492,285. Travelers Companies Inc has a 1-year low of $113.76 and a 1-year 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. The firm has a market cap of $36,550.00, a price-to-earnings ratio of 16.41, a PEG ratio of 2.65 and a beta of 1.25.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $6.46 billion. During the same period last year, the firm posted $2.40 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. equities research analysts expect that Travelers Companies Inc will post 6.76 earnings per share for the current year.
Travelers Companies declared that its board has approved a stock buyback plan on Monday, September 11th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
The firm also recently declared 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. This represents a $2.88 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, December 8th. Travelers Companies’s dividend payout ratio (DPR) is presently 33.29%.
TRV has been the topic of several analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $135.00 price target on shares of Travelers Companies in a research note on Monday, August 21st. Citigroup decreased their price objective 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. Credit Suisse Group decreased their price objective on shares of Travelers Companies from $128.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, September 12th. Zacks Investment Research raised shares of Travelers Companies from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Finally, ValuEngine raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Travelers Companies has a consensus rating of “Hold” and an average target price of $132.01.
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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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