Tdam USA Inc. raised its position in Travelers Companies Inc (NYSE:TRV) by 40.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,142 shares of the insurance provider’s stock after purchasing an additional 2,059 shares during the period. Tdam USA Inc.’s holdings in Travelers Companies were worth $980,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Baystate Wealth Management LLC boosted its holdings in Travelers Companies by 24.3% in the 1st quarter. Baystate Wealth Management LLC now owns 389 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 76 shares during the period. First Allied Advisory Services Inc. lifted its holdings in shares of Travelers Companies by 0.4% during the 1st quarter. First Allied Advisory Services Inc. now owns 18,790 shares of the insurance provider’s stock worth $2,579,000 after acquiring an additional 81 shares during the last quarter. Associated Banc Corp lifted its holdings in shares of Travelers Companies by 3.9% during the 1st quarter. Associated Banc Corp now owns 2,207 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 82 shares during the last quarter. Smith Moore & CO. lifted its holdings in shares of Travelers Companies by 3.8% during the 1st quarter. Smith Moore & CO. now owns 2,212 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 82 shares during the last quarter. Finally, New Potomac Partners LLC lifted its holdings in shares of Travelers Companies by 0.6% during the 4th quarter. New Potomac Partners LLC now owns 16,450 shares of the insurance provider’s stock worth $1,970,000 after acquiring an additional 90 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.
Travelers Companies stock traded down $0.94 during mid-day trading on Tuesday, hitting $147.23. The company’s stock had a trading volume of 28,618 shares, compared to its average volume of 1,368,939. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $38.63 billion, a PE ratio of 16.46, a P/E/G ratio of 1.34 and a beta of 1.08. Travelers Companies Inc has a 12 month low of $111.08 and a 12 month high of $148.85.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.07. The business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.94 billion. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.46 earnings per share. As a group, equities analysts expect that Travelers Companies Inc will post 11.11 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $0.77. This represents a $3.28 annualized dividend and a yield of 2.23%. Travelers Companies’s payout ratio is currently 34.45%.
A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Travelers Companies from $119.00 to $130.00 and gave the stock an “underweight” rating in a report on Tuesday, April 30th. Royal Bank of Canada reaffirmed a “neutral” rating and set a $145.00 price objective on shares of Travelers Companies in a report on Thursday, April 18th. Barclays lifted their price objective on shares of Travelers Companies from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Zacks Investment Research downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Finally, MKM Partners lifted their price objective on shares of Travelers Companies to $140.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Travelers Companies presently has a consensus rating of “Hold” and an average target price of $140.58.
In other Travelers Companies news, CEO Alan D. Schnitzer sold 66,228 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $132.22, for a total value of $8,756,666.16. Following the completion of the sale, the chief executive officer now directly owns 134,252 shares of the company’s stock, valued at $17,750,799.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 8,138 shares of the business’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $130.57, for a total transaction of $1,062,578.66. Following the completion of the sale, the insider now directly owns 239,745 shares of the company’s stock, valued at $31,303,504.65. The disclosure for this sale can be found here. Insiders sold 299,026 shares of company stock valued at $41,533,619 over the last three months. 0.73% of the stock is currently owned by insiders.
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About Travelers Companies
The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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