Bank of Stockton reduced its holdings in Travelers Companies Inc (NYSE:TRV) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,850 shares of the insurance provider’s stock after selling 144 shares during the quarter. Bank of Stockton’s holdings in Travelers Companies were worth $1,213,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. MinichMacGregor Wealth Management LLC boosted its position in Travelers Companies by 2,427.3% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 11,575 shares of the insurance provider’s stock valued at $1,418,000 after purchasing an additional 11,117 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Travelers Companies by 10.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 103,297 shares of the insurance provider’s stock valued at $12,371,000 after buying an additional 10,145 shares during the last quarter. Lodestar Investment Counsel LLC IL lifted its position in shares of Travelers Companies by 1.9% in the fourth quarter. Lodestar Investment Counsel LLC IL now owns 70,121 shares of the insurance provider’s stock valued at $8,397,000 after buying an additional 1,275 shares during the last quarter. Nachman Norwood & Parrott Inc acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $300,000. Finally, Garner Asset Management Corp lifted its position in shares of Travelers Companies by 28.7% in the fourth quarter. Garner Asset Management Corp now owns 12,008 shares of the insurance provider’s stock valued at $1,438,000 after buying an additional 2,678 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.
A number of research firms have recently issued reports on TRV. Barclays raised their price objective on Travelers Companies from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. UBS Group increased their target price on Travelers Companies from $129.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Zacks Investment Research lowered Travelers Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Credit Suisse Group reiterated a “hold” rating and set a $141.00 target price on shares of Travelers Companies in a research note on Thursday, December 20th. Finally, Wells Fargo & Co set a $130.00 target price on Travelers Companies and gave the stock a “hold” rating in a research note on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $139.00.
In other Travelers Companies news, CEO Alan D. Schnitzer sold 66,228 shares of Travelers Companies stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $132.22, for a total transaction of $8,756,666.16. Following the transaction, the chief executive officer now directly owns 134,252 shares of the company’s stock, valued at approximately $17,750,799.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 3,500 shares of Travelers Companies stock in a transaction dated Tuesday, February 26th. The stock was 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 $32,485,369.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 118,894 shares of company stock worth $15,566,097. 0.80% of the stock is currently owned by company insiders.
Travelers Companies stock opened at $138.34 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 0.38. Travelers Companies Inc has a one year low of $111.08 and a one year high of $138.99. The firm has a market cap of $35.83 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 1.05 and a beta of 1.07.
Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, January 22nd. The insurance provider reported $2.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.15. Travelers Companies had a return on equity of 10.69% and a net margin of 8.32%. The company had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter last year, the business posted $2.28 EPS. Travelers Companies’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities research analysts expect that Travelers Companies Inc will post 11.11 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 11th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, March 8th. Travelers Companies’s dividend payout ratio (DPR) is 34.45%.
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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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