US Bancorp DE Cuts Holdings in Travelers Companies Inc (TRV)
US Bancorp DE cut its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 0.6% during the second quarter, HoldingsChannel.com reports. The firm owned 774,770 shares of the insurance provider’s stock after selling 4,324 shares during the quarter. US Bancorp DE’s holdings in Travelers Companies were worth $94,785,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. Fulcrum Capital LLC raised its position in shares of Travelers Companies by 1.2% in the 1st quarter. Fulcrum Capital LLC now owns 32,885 shares of the insurance provider’s stock valued at $4,566,000 after acquiring an additional 388 shares during the period. Eqis Capital Management Inc. raised its position in shares of Travelers Companies by 4.5% in the 2nd quarter. Eqis Capital Management Inc. now owns 9,113 shares of the insurance provider’s stock valued at $1,115,000 after acquiring an additional 390 shares during the period. Impax Asset Management LLC raised its position in shares of Travelers Companies by 15.2% in the 1st quarter. Impax Asset Management LLC now owns 3,041 shares of the insurance provider’s stock valued at $422,000 after acquiring an additional 401 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Travelers Companies by 3.6% in the 1st quarter. Thrivent Financial for Lutherans now owns 11,837 shares of the insurance provider’s stock valued at $1,644,000 after acquiring an additional 406 shares during the period. Finally, Clean Yield Group raised its position in shares of Travelers Companies by 26.0% in the 2nd quarter. Clean Yield Group now owns 2,068 shares of the insurance provider’s stock valued at $253,000 after acquiring an additional 427 shares during the period. Institutional investors own 79.47% of the company’s stock.
A number of analysts recently weighed in on TRV shares. Wells Fargo & Co reiterated a “hold” rating and issued a $142.00 price target on shares of Travelers Companies in a research report on Thursday, July 19th. ValuEngine upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Morgan Stanley cut their price target on shares of Travelers Companies from $130.00 to $126.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 25th. Citigroup set a $144.00 price target on shares of Travelers Companies and gave the company a “buy” rating in a research report on Thursday, July 12th. Finally, Credit Suisse Group started coverage on shares of Travelers Companies in a research report on Tuesday, August 7th. They issued a “neutral” rating and a $141.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $137.81.
NYSE TRV opened at $130.57 on Monday. Travelers Companies Inc has a 52-week low of $113.76 and a 52-week high of $150.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market cap of $34.50 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 1.02 and a beta of 1.28.
Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 19th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.62). Travelers Companies had a return on equity of 8.84% and a net margin of 6.89%. The business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.35 billion. sell-side analysts expect that Travelers Companies Inc will post 9.95 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Monday, September 10th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, September 7th. This represents a $3.08 dividend on an annualized basis and a yield of 2.36%. Travelers Companies’s payout ratio is 42.31%.
Travelers Companies Company Profile
The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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