Sumitomo Life Insurance Co. cut its position in shares of Travelers Companies Inc (NYSE:TRV) by 9.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,959 shares of the insurance provider’s stock after selling 1,621 shares during the period. Sumitomo Life Insurance Co.’s holdings in Travelers Companies were worth $2,052,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sontag Advisory LLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $27,000. Oregon Public Employees Retirement Fund increased its position in shares of Travelers Companies by 11,730.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 3,495,996 shares during the period. Global Retirement Partners LLC increased its position in shares of Travelers Companies by 120.5% during the fourth quarter. Global Retirement Partners LLC now owns 247 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 135 shares during the period. Clarfeld Financial Advisors LLC acquired a new stake in Travelers Companies in the 4th quarter valued at $31,000. Finally, Transamerica Financial Advisors Inc. boosted its stake in Travelers Companies by 401.5% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 331 shares of the insurance provider’s stock valued at $40,000 after buying an additional 265 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.
In other Travelers Companies news, Vice Chairman William H. Heyman sold 8,323 shares of the business’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $125.54, for a total value of $1,044,869.42. Following the transaction, the insider now owns 239,744 shares of the company’s stock, valued at $30,097,461.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $133.55, for a total value of $467,425.00. Following the transaction, the insider now directly owns 243,245 shares in the company, valued at approximately $32,485,369.75. The disclosure for this sale can be found here. In the last three months, insiders sold 118,894 shares of company stock worth $15,566,097. Insiders own 0.80% of the company’s stock.
Several brokerages recently commented on TRV. Barclays boosted their price target on Travelers Companies from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Zacks Investment Research lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. UBS Group boosted their price target on Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Travelers Companies in a research note on Wednesday, January 23rd. Finally, Wells Fargo & Co set a $130.00 price target on Travelers Companies and gave the company a “hold” rating in a research note on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $139.00.
Travelers Companies stock opened at $138.34 on Wednesday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $35.83 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 1.05 and a beta of 1.07. Travelers Companies Inc has a 52 week low of $111.08 and a 52 week high of $138.99.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Tuesday, January 22nd. The insurance provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.15. The company had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.92 billion. Travelers Companies had a return on equity of 10.69% and a net margin of 8.32%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.28 earnings per share. Research analysts anticipate that Travelers Companies Inc will post 11.11 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Friday, March 8th. Travelers Companies’s dividend payout ratio is currently 34.45%.
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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.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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