Fulcrum Capital LLC decreased its position in Travelers Companies Inc (NYSE:TRV) by 11.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 30,029 shares of the insurance provider’s stock after selling 3,963 shares during the period. Fulcrum Capital LLC’s holdings in Travelers Companies were worth $4,465,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Travelers Companies by 1.2% in the second quarter. Vanguard Group Inc. now owns 22,438,220 shares of the insurance provider’s stock valued at $3,354,963,000 after purchasing an additional 271,094 shares during the last quarter. Boston Partners boosted its stake in shares of Travelers Companies by 133.3% during the second quarter. Boston Partners now owns 4,072,444 shares of the insurance provider’s stock valued at $609,075,000 after acquiring an additional 2,326,784 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Travelers Companies by 1.4% during the second quarter. Northern Trust Corp now owns 3,618,718 shares of the insurance provider’s stock valued at $541,070,000 after acquiring an additional 51,281 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Travelers Companies by 4.2% during the second quarter. Bank of New York Mellon Corp now owns 2,599,903 shares of the insurance provider’s stock valued at $388,738,000 after acquiring an additional 105,288 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Travelers Companies by 7.6% during the third quarter. California Public Employees Retirement System now owns 2,210,290 shares of the insurance provider’s stock valued at $328,648,000 after acquiring an additional 155,508 shares during the last quarter. 82.10% of the stock is currently owned by institutional investors.
In other Travelers Companies news, Director Philip T. Ruegger III bought 700 shares of Travelers Companies stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average cost of $147.49 per share, for a total transaction of $103,243.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andy F. Bessette sold 11,650 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $146.85, for a total value of $1,710,802.50. Following the transaction, the executive vice president now owns 21,259 shares in the company, valued at $3,121,884.15. The disclosure for this sale can be found here. Insiders have sold 37,167 shares of company stock worth $5,454,246 over the last quarter. 0.73% of the stock is currently owned by company insiders.
TRV has been the topic of a number of analyst reports. Wells Fargo & Co decreased their price objective on Travelers Companies from $140.00 to $136.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 23rd. Argus decreased their price objective on Travelers Companies to $145.00 in a research note on Thursday, October 24th. Evercore ISI initiated coverage on Travelers Companies in a research note on Thursday, October 17th. They set an “underperform” rating and a $128.00 price objective on the stock. Morgan Stanley decreased their price objective on Travelers Companies from $136.00 to $125.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Finally, ValuEngine lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $147.93.
NYSE TRV traded up $1.03 during trading hours on Thursday, hitting $133.38. 36,589 shares of the company’s stock were exchanged, compared to its average volume of 1,394,637. The business’s 50 day moving average is $140.05 and its 200-day moving average is $145.77. Travelers Companies Inc has a 12-month low of $111.08 and a 12-month high of $155.09. The firm has a market capitalization of $33.61 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.44 and a beta of 0.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.38.
Travelers Companies (NYSE:TRV) last released its earnings results on Tuesday, October 22nd. The insurance provider reported $1.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.35 by ($0.92). Travelers Companies had a return on equity of 9.13% and a net margin of 7.57%. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same quarter last year, the company posted $2.54 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Travelers Companies Inc will post 9.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $0.82 per share. The ex-dividend date is Monday, December 9th. This represents a $3.28 annualized dividend and a yield of 2.46%. Travelers Companies’s dividend payout ratio (DPR) is presently 36.69%.
Travelers Companies Company Profile
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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