We Are One Seven LLC purchased a new position in shares of Travelers Companies Inc (NYSE:TRV) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,338 shares of the insurance provider’s stock, valued at approximately $724,000.
Several other hedge funds have also recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new position in Travelers Companies in the 3rd quarter worth about $8,254,000. Abner Herrman & Brock LLC boosted its stake in Travelers Companies by 6.5% in the 4th quarter. Abner Herrman & Brock LLC now owns 62,879 shares of the insurance provider’s stock worth $8,529,000 after purchasing an additional 3,853 shares during the period. Valeo Financial Advisors LLC boosted its stake in Travelers Companies by 138.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 2,091 shares of the insurance provider’s stock worth $284,000 after purchasing an additional 1,213 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Travelers Companies by 8.1% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,442 shares of the insurance provider’s stock worth $2,750,000 after purchasing an additional 1,683 shares during the period. Finally, Eaton Vance Management boosted its stake in Travelers Companies by 2.2% in the 4th quarter. Eaton Vance Management now owns 232,379 shares of the insurance provider’s stock worth $31,520,000 after purchasing an additional 4,903 shares during the period. Institutional investors own 80.11% of the company’s stock.
Several brokerages have commented on TRV. Atlantic Securities upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 target price for the company in a research note on Friday, January 26th. Credit Suisse Group raised their target price on Travelers Companies from $141.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Zacks Investment Research downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Barclays reaffirmed a “hold” rating and issued a $140.00 price target (up previously from $135.00) on shares of Travelers Companies in a report on Sunday, February 18th. Finally, Wells Fargo reaffirmed a “market perform” rating and issued a $142.00 price target on shares of Travelers Companies in a report on Tuesday, January 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $137.20.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.56 by ($0.28). The firm had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.20 earnings per share. equities research analysts forecast that Travelers Companies Inc will post 10.59 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.04%. Travelers Companies’s dividend payout ratio is 39.40%.
In related news, COO Brian W. Maclean sold 88,607 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $149.29, for a total transaction of $13,228,139.03. Following the transaction, the chief operating officer now directly owns 211,293 shares of the company’s stock, valued at approximately $31,543,931.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jay S. Benet sold 4,437 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $141.03, for a total value of $625,750.11. Following the transaction, the chief financial officer now directly owns 89,737 shares in the company, valued at $12,655,609.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 187,164 shares of company stock worth $27,453,916. 0.82% of the stock is currently owned by insiders.
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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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