YorkBridge Wealth Partners LLC boosted its position in shares of Travelers Companies Inc (NYSE:TRV) by 14.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,563 shares of the insurance provider’s stock after purchasing an additional 1,469 shares during the quarter. Travelers Companies comprises about 0.8% of YorkBridge Wealth Partners LLC’s portfolio, making the stock its 28th biggest position. YorkBridge Wealth Partners LLC’s holdings in Travelers Companies were worth $1,636,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. Mutual of America Capital Management LLC increased its holdings in Travelers Companies by 2.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 34,712 shares of the insurance provider’s stock worth $4,253,000 after purchasing an additional 722 shares during the period. Assenagon Asset Management S.A. purchased a new position in Travelers Companies during the 3rd quarter worth $6,459,000. Meeder Asset Management Inc. purchased a new position in Travelers Companies during the 3rd quarter worth $300,000. Farmers & Merchants Investments Inc. increased its holdings in Travelers Companies by 7.1% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 7,988 shares of the insurance provider’s stock worth $979,000 after purchasing an additional 532 shares during the period. Finally, Carnick & Kubik Group LLC purchased a new position in Travelers Companies during the 3rd quarter worth $758,000. Institutional investors own 78.91% of the company’s stock.
Shares of Travelers Companies Inc (NYSE:TRV) traded up $0.94 during trading hours on Thursday, hitting $139.48. The stock had a trading volume of 90,742 shares, compared to its average volume of 2,089,541. Travelers Companies Inc has a twelve month low of $113.76 and a twelve month high of $150.55. The stock has a market cap of $37,747.50, a P/E ratio of 18.95, a PEG ratio of 1.86 and a beta of 1.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.39 and a quick ratio of 0.39.
Travelers Companies (NYSE:TRV) last announced 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 net margin of 7.13% and a return on equity of 8.61%. The company had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter in the prior year, the business posted $3.20 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. sell-side analysts forecast that Travelers Companies Inc will post 10.59 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be issued a $0.72 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.06%. Travelers Companies’s dividend payout ratio is presently 39.40%.
Travelers Companies announced that its board has authorized a share buyback program on Thursday, November 9th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several research analysts have commented on TRV shares. Royal Bank of Canada restated a “buy” rating and set a $148.00 price objective on shares of Travelers Companies in a report on Friday, December 8th. Bank of America upgraded Travelers Companies from a “neutral” rating to a “buy” rating in a report on Tuesday, January 9th. Keefe, Bruyette & Woods restated a “buy” rating and set a $152.00 price objective on shares of Travelers Companies in a report on Wednesday, December 6th. UBS Group raised their price objective on Travelers Companies from $131.00 to $139.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded Travelers Companies from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $137.20.
In other news, COO Brian W. Maclean sold 88,607 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $149.29, for a total value of $13,228,139.03. Following the completion of the sale, the chief operating officer now owns 211,293 shares of the company’s stock, valued at approximately $31,543,931.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Olivo sold 33,225 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $134.18, for a total value of $4,458,130.50. The disclosure for this sale can be found here. Insiders sold a total of 184,608 shares of company stock valued at $26,845,833 in the last three months. Insiders own 0.82% of the company’s stock.
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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