Dupont Capital Management Corp Sells 44,397 Shares of The Travelers Companies, Inc. (TRV)

Dupont Capital Management Corp cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 96.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,731 shares of the insurance provider’s stock after selling 44,397 shares during the period. Dupont Capital Management Corp’s holdings in The Travelers Companies were worth $212,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of The Travelers Companies by 1.0% in the second quarter. Vanguard Group Inc. now owns 21,769,557 shares of the insurance provider’s stock valued at $2,754,501,000 after purchasing an additional 217,625 shares during the last quarter. BlackRock Inc. raised its holdings in shares of The Travelers Companies by 2,395.6% in the first quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock valued at $2,459,383,000 after purchasing an additional 19,585,476 shares during the last quarter. State Street Corp raised its holdings in shares of The Travelers Companies by 1.6% in the first quarter. State Street Corp now owns 18,949,803 shares of the insurance provider’s stock valued at $2,284,205,000 after purchasing an additional 304,049 shares during the last quarter. FMR LLC raised its holdings in shares of The Travelers Companies by 6.4% in the second quarter. FMR LLC now owns 7,020,581 shares of the insurance provider’s stock valued at $888,314,000 after purchasing an additional 424,036 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of The Travelers Companies by 9.4% in the first quarter. AQR Capital Management LLC now owns 3,026,207 shares of the insurance provider’s stock valued at $364,779,000 after purchasing an additional 260,838 shares during the last quarter. Institutional investors own 77.63% of the company’s stock.

The Travelers Companies, Inc. (TRV) opened at $133.32 on Tuesday. The Travelers Companies, Inc. has a fifty-two week low of $110.40 and a fifty-two week high of $135.71. The company has a market cap of $37,096.74, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 2.50 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.41 and a quick ratio of 0.41.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The company had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the prior year, the firm earned $2.40 earnings per share. The Travelers Companies’s revenue for the quarter was up 4.2% on a year-over-year basis. equities research analysts predict that The Travelers Companies, Inc. will post 7.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.88 annualized dividend and a dividend yield of 2.16%. The Travelers Companies’s dividend payout ratio is currently 33.45%.

The Travelers Companies announced that its Board of Directors has initiated a share buyback plan on Monday, September 11th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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TRV has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of The Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. ValuEngine upgraded shares of The Travelers Companies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Credit Suisse Group lowered their price objective on shares of The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, September 12th. Citigroup Inc. lifted their price objective on shares of The Travelers Companies from $143.00 to $151.00 and gave the company a “buy” rating in a report on Friday, October 20th. Finally, UBS AG lowered their target price on shares of The Travelers Companies from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, September 19th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The Travelers Companies currently has an average rating of “Hold” and an average price target of $128.54.

About The 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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Institutional Ownership by Quarter for The Travelers Companies (NYSE:TRV)

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