Travelers Companies Inc (TRV) Shares Bought by Benjamin F. Edwards & Company Inc.
Benjamin F. Edwards & Company Inc. grew its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 15.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,086 shares of the insurance provider’s stock after purchasing an additional 942 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Travelers Companies were worth $961,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Fieldpoint Private Securities LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at $106,000. Valeo Financial Advisors LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at $108,000. Intellectus Partners LLC increased 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 purchasing an additional 41 shares during the last quarter. Omnia Family Wealth LLC increased 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 purchasing an additional 46 shares during the last quarter. Finally, Security National Trust Co. increased its position in shares of Travelers Companies by 260.9% during the 3rd quarter. Security National Trust Co. now owns 1,043 shares of the insurance provider’s stock valued at $128,000 after purchasing an additional 754 shares during the last quarter. 78.50% of the stock is owned by hedge funds and other institutional investors.
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 stock was 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 owns 8,000 shares in the company, valued at approximately $1,063,840. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 20,077 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $130.68, for a total value of $2,623,662.36. Following the completion of the transaction, the executive vice president now owns 21,619 shares of the company’s stock, valued at approximately $2,825,170.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,302 shares of company stock valued at $7,347,753. 0.82% of the stock is owned by corporate insiders.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing the 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 firm had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the company posted $2.40 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. research analysts forecast that Travelers Companies Inc will post 6.64 earnings per share for the current fiscal year.
Travelers Companies declared that its Board of Directors has approved a stock repurchase program on Thursday, November 9th that authorizes the company to repurchase shares. This repurchase authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
Several equities research analysts have recently issued reports on TRV shares. Citigroup decreased their target price on Travelers Companies from $142.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, October 2nd. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating in a research report on Monday, October 16th. Wells Fargo & Co set a $125.00 target price on Travelers Companies and gave the company a “hold” rating in a research report on Thursday, October 19th. Morgan Stanley increased their price target on Travelers Companies from $119.00 to $124.00 and gave the stock an “underweight” rating in a research note on Friday, October 20th. Finally, Royal Bank of Canada increased their price target on Travelers Companies to $140.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. Travelers Companies presently has an average rating of “Hold” and a consensus target price of $134.38.
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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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