Watch Point Trust Co grew its holdings in Travelers Companies Inc (NYSE:TRV) by 0.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 24,580 shares of the insurance provider’s stock after acquiring an additional 85 shares during the period. Watch Point Trust Co’s holdings in Travelers Companies were worth $3,366,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Allred Capital Management LLC acquired a new position in Travelers Companies during the 4th quarter worth about $29,000. Savior LLC acquired a new position in Travelers Companies during the 4th quarter worth about $34,000. Bourgeon Capital Management LLC acquired a new position in Travelers Companies during the 3rd quarter worth about $36,000. Prestige Wealth Management Group LLC acquired a new position in Travelers Companies during the 2nd quarter worth about $37,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in Travelers Companies by 36.6% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 295 shares of the insurance provider’s stock worth $40,000 after buying an additional 79 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.
In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,185 shares of Travelers Companies stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $136.20, for a total transaction of $297,597.00. Following the completion of the sale, the insider now owns 241,930 shares of the company’s stock, valued at approximately $32,950,866. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is currently owned by company insiders.
Shares of NYSE TRV traded up $0.59 during mid-day trading on Friday, hitting $134.78. The company’s stock had a trading volume of 1,753,151 shares, compared to its average volume of 1,200,538. The stock has a market cap of $34.64 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.38 and a quick ratio of 0.38. Travelers Companies Inc has a one year low of $123.61 and a one year high of $155.09. The company’s fifty day simple moving average is $136.81 and its 200-day simple moving average is $141.62.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $3.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.23 by $0.09. Travelers Companies had a net margin of 8.30% and a return on equity of 10.11%. The business had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.26 billion. During the same period in the previous year, the firm posted $2.13 earnings per share. Travelers Companies’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, sell-side analysts predict that Travelers Companies Inc will post 10.66 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $3.28 dividend on an annualized basis and a yield of 2.43%. Travelers Companies’s payout ratio is presently 34.17%.
Several brokerages recently issued reports on TRV. MKM Partners upgraded shares of Travelers Companies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $130.00 to $160.00 in a research report on Monday, October 28th. Deutsche Bank upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating and set a $140.00 price target on the stock in a research report on Tuesday, October 22nd. Morgan Stanley reduced their price target on shares of Travelers Companies from $136.00 to $125.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Barclays reduced their price target on shares of Travelers Companies from $177.00 to $174.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Finally, Citigroup began coverage on shares of Travelers Companies in a research report on Tuesday. They set a “neutral” rating and a $146.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $145.14.
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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