Parametric Portfolio Associates LLC Has $191.28 Million Holdings in Travelers Companies Inc (TRV)

Parametric Portfolio Associates LLC boosted its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,561,234 shares of the insurance provider’s stock after purchasing an additional 36,402 shares during the period. Parametric Portfolio Associates LLC owned about 0.57% of Travelers Companies worth $191,282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State of Alaska Department of Revenue raised its stake in shares of Travelers Companies by 1.9% in the second quarter. State of Alaska Department of Revenue now owns 2,660 shares of the insurance provider’s stock valued at $336,000 after acquiring an additional 50 shares during the last quarter. National Pension Service raised its stake in shares of Travelers Companies by 9.7% in the second quarter. National Pension Service now owns 242,725 shares of the insurance provider’s stock valued at $30,678,000 after acquiring an additional 21,536 shares during the last quarter. Liberty Capital Management Inc. raised its stake in shares of Travelers Companies by 434.8% in the second quarter. Liberty Capital Management Inc. now owns 1,230 shares of the insurance provider’s stock valued at $154,000 after acquiring an additional 1,000 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Travelers Companies by 499.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 45,407 shares of the insurance provider’s stock valued at $5,745,000 after acquiring an additional 37,831 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of Travelers Companies by 0.4% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 12,086 shares of the insurance provider’s stock valued at $1,529,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 78.67% of the company’s stock.

Shares of Travelers Companies Inc (NYSE TRV) traded down $0.98 during trading on Friday, hitting $132.58. 1,278,600 shares of the company were exchanged, compared to its average volume of 1,491,398. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $36,554.82, a price-to-earnings ratio of 16.31, a P/E/G ratio of 2.63 and a beta of 1.25. Travelers Companies Inc has a fifty-two week low of $113.76 and a fifty-two week high of $137.95.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). The company had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.46 billion. Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.40 EPS. equities analysts anticipate that Travelers Companies Inc will post 6.76 earnings per share for the current fiscal year.

Travelers Companies announced that its board has approved a share repurchase program on Monday, September 11th that allows the company to buyback shares. This buyback authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

The business 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. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, December 8th. Travelers Companies’s dividend payout ratio is currently 33.45%.

In other Travelers Companies news, EVP Maria Olivo sold 33,225 shares of Travelers Companies stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total transaction of $4,458,130.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andy F. Bessette sold 2,000 shares of Travelers Companies 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 sale, the executive vice president now directly owns 8,000 shares of the company’s stock, valued at approximately $1,063,840. The disclosure for this sale can be found here. In the last three months, insiders sold 55,302 shares of company stock valued at $7,347,753. 0.82% of the stock is currently owned by company insiders.

A number of research analysts have recently issued reports on the stock. Goldman Sachs Group assumed coverage on shares of Travelers Companies in a research note on Monday, December 4th. They issued a “sell” rating and a $124.00 target price for the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $152.00 target price on shares of Travelers Companies in a research note on Wednesday, December 6th. Royal Bank of Canada reiterated a “buy” rating and issued a $148.00 target price on shares of Travelers Companies in a research note on Friday, December 8th. B. Riley reiterated a “neutral” rating on shares of Travelers Companies in a research note on Monday, November 6th. Finally, Argus lifted their target price on shares of Travelers Companies from $139.00 to $145.00 and gave the company a “positive” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target 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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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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