Alpine Woods Capital Investors LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 56,800 shares of the insurance provider’s stock, valued at approximately $6,959,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new stake in The Travelers Companies in the 3rd quarter valued at about $968,000. Vaughan David Investments Inc. IL grew its holdings in The Travelers Companies by 1,454.3% in the 3rd quarter. Vaughan David Investments Inc. IL now owns 219,728 shares of the insurance provider’s stock valued at $26,387,000 after buying an additional 205,591 shares during the period. SNS Financial Group LLC grew its holdings in The Travelers Companies by 470.7% in the 3rd quarter. SNS Financial Group LLC now owns 15,944 shares of the insurance provider’s stock valued at $1,953,000 after buying an additional 13,150 shares during the period. Commonwealth Equity Services Inc grew its holdings in The Travelers Companies by 1.3% in the 3rd quarter. Commonwealth Equity Services Inc now owns 83,279 shares of the insurance provider’s stock valued at $10,203,000 after buying an additional 1,093 shares during the period. Finally, Timber Hill LLC purchased a new stake in The Travelers Companies in the 3rd quarter valued at about $237,000. Institutional investors own 78.14% of the company’s stock.
The Travelers Companies, Inc. (TRV) traded down $0.15 during trading on Tuesday, reaching $129.77. The company had a trading volume of 1,565,600 shares, compared to its average volume of 1,498,137. The firm has a market cap of $35,560.00, a price-to-earnings ratio of 15.86, a PEG ratio of 2.47 and a beta of 1.26. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $111.25 and a 12-month high of $135.71.
The Travelers Companies (NYSE:TRV) last released its quarterly earnings results 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 company had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.46 billion. The Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $2.40 earnings per share. sell-side analysts anticipate that The Travelers Companies, Inc. will post 7.01 earnings per share for the current year.
The Travelers Companies declared that its Board of Directors has initiated a share buyback plan on Monday, September 11th that allows the company to repurchase outstanding shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is 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 given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.22%. The ex-dividend date is Friday, December 8th. The Travelers Companies’s dividend payout ratio (DPR) is presently 33.29%.
Several analysts have commented on TRV shares. MKM Partners restated a “neutral” rating and issued a $130.00 price target (up previously from $115.00) on shares of The Travelers Companies in a report on Wednesday, July 26th. Wells Fargo & Company reaffirmed a “hold” rating and issued a $125.00 price objective on shares of The Travelers Companies in a research note on Tuesday, September 12th. Credit Suisse Group reduced their price objective on The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 12th. B. Riley reaffirmed a “neutral” rating on shares of The Travelers Companies in a research note on Monday, November 6th. Finally, Royal Bank Of Canada lifted their price objective on The Travelers Companies to $140.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $128.54.
In other The Travelers Companies news, EVP Andy F. Bessette sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total value of $265,960.00. Following the transaction, the executive vice president now directly owns 8,000 shares of the company’s stock, valued at approximately $1,063,840. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.82% of the company’s stock.
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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