Madison Investment Holdings Inc. reduced its stake in Travelers Companies Inc (NYSE:TRV) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,566 shares of the insurance provider’s stock after selling 5,395 shares during the quarter. Madison Investment Holdings Inc.’s holdings in Travelers Companies were worth $14,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Eaton Vance Management raised its stake in Travelers Companies by 2.2% in the fourth quarter. Eaton Vance Management now owns 232,379 shares of the insurance provider’s stock valued at $31,520,000 after purchasing an additional 4,903 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in shares of Travelers Companies by 6.3% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 10,743 shares of the insurance provider’s stock worth $1,457,000 after acquiring an additional 635 shares in the last quarter. Standard Life Aberdeen plc raised its stake in shares of Travelers Companies by 0.5% during the fourth quarter. Standard Life Aberdeen plc now owns 338,174 shares of the insurance provider’s stock worth $45,878,000 after acquiring an additional 1,742 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of Travelers Companies by 2.1% during the fourth quarter. OppenheimerFunds Inc. now owns 38,273 shares of the insurance provider’s stock worth $5,191,000 after acquiring an additional 803 shares in the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of Travelers Companies by 1.5% during the fourth quarter. Brown Advisory Inc. now owns 51,623 shares of the insurance provider’s stock worth $7,003,000 after acquiring an additional 757 shares in the last quarter. 78.91% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have commented on TRV shares. Royal Bank of Canada reissued a “buy” rating and set a $148.00 price target on shares of Travelers Companies in a research note on Friday, December 8th. Bank of America raised shares of Travelers Companies from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $152.00 price target on shares of Travelers Companies in a research note on Wednesday, December 6th. UBS Group lifted their price target on shares of Travelers Companies from $131.00 to $139.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Travelers Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $137.20.
In related news, EVP Thomas M. Kunkel sold 9,595 shares of Travelers Companies stock in a transaction on Friday, January 26th. The shares were sold at an average price of $150.09, for a total value of $1,440,113.55. Following the transaction, the executive vice president now directly owns 28,956 shares of the company’s stock, valued at $4,346,006.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Maria Olivo sold 33,225 shares of Travelers Companies stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $134.18, for a total transaction of $4,458,130.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 187,578 shares of company stock worth $27,257,713. 0.82% of the stock is owned by insiders.
Travelers Companies Inc (NYSE:TRV) opened at $139.74 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.28. Travelers Companies Inc has a one year low of $113.76 and a one year high of $150.55. The company has a market cap of $37,359.35, a price-to-earnings ratio of 19.12, a P/E/G ratio of 1.84 and a beta of 1.26.
Travelers Companies (NYSE:TRV) last issued its earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.28). Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The firm had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the previous year, the firm earned $3.20 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. analysts anticipate that Travelers Companies Inc will post 10.59 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, March 8th. Travelers Companies’s payout ratio is 39.40%.
Travelers Companies announced that its board has authorized a stock repurchase plan on Thursday, November 9th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
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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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