Travelers Companies Inc (TRV) Stake Lessened by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC decreased its position in Travelers Companies Inc (NYSE:TRV) by 1.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 134,097 shares of the insurance provider’s stock after selling 2,546 shares during the period. Nisa Investment Advisors LLC’s holdings in Travelers Companies were worth $18,189,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of TRV. Cambridge Investment Research Advisors Inc. bought a new position in shares of Travelers Companies in the second quarter worth approximately $5,494,000. Girard Partners LTD. lifted its stake in Travelers Companies by 2.7% in the second quarter. Girard Partners LTD. now owns 44,330 shares of the insurance provider’s stock worth $5,609,000 after acquiring an additional 1,161 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in Travelers Companies in the second quarter worth $2,265,000. Capital Analysts LLC purchased a new stake in Travelers Companies in the second quarter worth $3,040,000. Finally, BSW Wealth Partners lifted its stake in Travelers Companies by 2.2% in the second quarter. BSW Wealth Partners now owns 7,012 shares of the insurance provider’s stock worth $887,000 after acquiring an additional 148 shares during the period. Hedge funds and other institutional investors own 78.49% of the company’s stock.
In other news, EVP Andy F. Bessette sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total transaction of $265,960.00. Following the completion of the transaction, the executive vice president now directly owns 8,000 shares in the company, valued at $1,063,840. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 20,077 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $130.68, for a total value of $2,623,662.36. Following the transaction, the executive vice president now owns 21,619 shares of the company’s stock, valued at $2,825,170.92. The disclosure for this sale can be found here. Insiders have sold 55,302 shares of company stock valued at $7,347,753 in the last three months. Insiders own 0.82% of the company’s stock.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the consensus estimate of $2.10 by ($1.19). The firm had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.40 EPS. equities research analysts forecast that Travelers Companies Inc will post 6.64 EPS for the current fiscal year.
Travelers Companies declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 9th that authorizes the company to buyback shares. This buyback authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 11th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Friday, December 8th. Travelers Companies’s dividend payout ratio is currently 33.45%.
A number of analysts recently commented on the company. ValuEngine lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Bank of America raised Travelers Companies from a “neutral” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research raised Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a research note on Friday, January 5th. Citigroup dropped their price target 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. Finally, Royal Bank of Canada raised 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 analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Travelers Companies currently has a consensus rating of “Hold” and an average target price of $134.38.
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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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