Fieldpoint Private Securities LLC Takes $106,000 Position in Travelers Companies Inc (TRV)
Fieldpoint Private Securities LLC bought a new position in Travelers Companies Inc (NYSE:TRV) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 868 shares of the insurance provider’s stock, valued at approximately $106,000.
Other large investors have also recently made changes to their positions in the company. Valeo Financial Advisors LLC purchased a new position in shares of Travelers Companies during the 3rd quarter valued at about $108,000. Tradewinds Capital Management LLC lifted its position in shares of Travelers Companies by 1.1% during 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 in the last quarter. Intellectus Partners LLC lifted its position in shares of Travelers Companies by 4.6% during 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 in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in shares of Travelers Companies by 3.6% during 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 in the last quarter. Finally, Omnia Family Wealth LLC lifted its position in shares of Travelers Companies by 4.7% during 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 in the last quarter. 78.67% of the stock is currently owned by institutional investors and hedge funds.
Travelers Companies Inc (NYSE:TRV) opened at $134.89 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.29. Travelers Companies Inc has a twelve month low of $113.76 and a twelve month high of $137.95. The company has a market capitalization of $36,286.60, a P/E ratio of 16.19, a P/E/G ratio of 2.61 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 Zacks’ consensus estimate of $2.10 by ($1.19). Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The business had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the firm posted $2.40 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. analysts anticipate that Travelers Companies Inc will post 6.76 earnings per share for the current year.
Travelers Companies announced that its board has initiated a share buyback program on Monday, September 11th that permits the company to repurchase outstanding shares. This repurchase authorization permits the insurance provider to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors 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 dividend on an annualized basis and a yield of 2.14%. Travelers Companies’s dividend payout ratio is presently 33.45%.
In other Travelers Companies news, EVP Maria Olivo sold 33,225 shares of Travelers Companies stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $134.18, for a total value of $4,458,130.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Andy F. Bessette sold 2,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total value of $265,960.00. Following the completion of the sale, the executive vice president now directly owns 8,000 shares in the company, valued at approximately $1,063,840. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,302 shares of company stock worth $7,347,753. 0.82% of the stock is owned by insiders.
A number of research firms have recently weighed in on TRV. Zacks Investment Research cut Travelers Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. UBS lowered their price objective on Travelers Companies from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 19th. Argus lifted their price objective on Travelers Companies from $139.00 to $145.00 and gave the company 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 price objective on Travelers Companies and gave the company a “hold” rating in a research report on Tuesday, November 14th. Finally, Buckingham Research began coverage on Travelers Companies in a research report on Monday, September 11th. They set a “buy” rating and a $136.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The company has an average 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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