Synovus Financial Corp trimmed its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,994 shares of the insurance provider’s stock after selling 748 shares during the period. Synovus Financial Corp’s holdings in Travelers Companies were worth $15,893,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of TRV. Dimensional Fund Advisors LP raised its stake in shares of Travelers Companies by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,935,859 shares of the insurance provider’s stock valued at $359,710,000 after acquiring an additional 46,276 shares during the last quarter. APG Asset Management N.V. raised its stake in shares of Travelers Companies by 12.5% during the third quarter. APG Asset Management N.V. now owns 2,735,245 shares of the insurance provider’s stock valued at $335,122,000 after acquiring an additional 304,900 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Travelers Companies by 2.8% during the third quarter. Legal & General Group Plc now owns 1,656,665 shares of the insurance provider’s stock valued at $202,985,000 after acquiring an additional 44,566 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Travelers Companies by 2.4% during the third quarter. Parametric Portfolio Associates LLC now owns 1,561,234 shares of the insurance provider’s stock valued at $191,282,000 after acquiring an additional 36,402 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Travelers Companies by 2.0% during the fourth quarter. UBS Asset Management Americas Inc. now owns 1,294,427 shares of the insurance provider’s stock valued at $175,576,000 after acquiring an additional 24,897 shares during the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.
In other Travelers Companies news, Director Philip T. Ruegger III bought 1,600 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $136.44 per share, with a total value of $218,304.00. Following the completion of the purchase, the director now owns 28,277 shares of the company’s stock, valued at $3,858,113.88. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 2,022 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $140.37, for a total transaction of $283,828.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 183,621 shares of company stock valued at $26,505,369. 0.82% of the stock is owned by insiders.
TRV has been the subject of several recent analyst reports. Barclays reaffirmed a “hold” rating and set a $140.00 price objective on shares of Travelers Companies in a research note on Sunday. B. Riley reaffirmed a “neutral” rating on shares of Travelers Companies in a research note on Monday, November 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $152.00 price objective on shares of Travelers Companies in a research note on Wednesday, December 6th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $142.00 price objective on shares of Travelers Companies in a research note on Tuesday, January 23rd. 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 analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Travelers Companies currently has an average rating of “Hold” and a consensus price target of $137.20.
Travelers Companies Inc (NYSE TRV) opened at $141.16 on Monday. Travelers Companies Inc has a one year low of $113.76 and a one year high of $150.55. The stock has a market cap of $38,314.78, a PE ratio of 19.31, a P/E/G ratio of 1.88 and a beta of 1.26. 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 (NYSE:TRV) last released its quarterly earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the previous year, the company earned $3.20 earnings per share. Travelers Companies’s quarterly revenue was up 3.6% on a year-over-year basis. analysts anticipate that Travelers Companies Inc will post 10.59 EPS for the current year.
Travelers Companies declared that its Board of Directors has authorized a share buyback plan on Thursday, November 9th that allows the company to buyback shares. This buyback authorization allows the insurance provider to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
The business also recently declared 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 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Thursday, March 8th. Travelers Companies’s payout ratio is currently 39.40%.
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Travelers Companies Company Profile
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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