Massmutual Trust Co. FSB ADV lessened its stake in The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 38.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 252 shares of the insurance provider’s stock after selling 158 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Travelers Companies were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRV. CGC Financial Services LLC bought a new position in shares of Travelers Companies in the 2nd quarter valued at about $93,000. ST Germain D J Co. Inc. bought a new position in Travelers Companies during the 2nd quarter worth approximately $166,000. ProVise Management Group LLC boosted its stake in Travelers Companies by 93.3% during the 2nd quarter. ProVise Management Group LLC now owns 6,689 shares of the insurance provider’s stock worth $1,162,000 after acquiring an additional 3,228 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its stake in Travelers Companies by 13.9% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 55,326 shares of the insurance provider’s stock worth $9,608,000 after acquiring an additional 6,741 shares during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new position in Travelers Companies during the 2nd quarter worth approximately $31,259,000. Institutional investors and hedge funds own 81.12% of the company’s stock.
Analyst Ratings Changes
Several research firms recently weighed in on TRV. Deutsche Bank Aktiengesellschaft began coverage on shares of Travelers Companies in a research note on Wednesday, October 4th. They set a “hold” rating and a $186.00 price objective on the stock. Jefferies Financial Group reduced their price objective on shares of Travelers Companies from $180.00 to $176.00 and set a “hold” rating on the stock in a research note on Friday, October 6th. StockNews.com started coverage on shares of Travelers Companies in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Wells Fargo & Company cut their price target on shares of Travelers Companies from $185.00 to $172.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 17th. Finally, Citigroup lifted their price target on shares of Travelers Companies from $181.00 to $185.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $191.17.
Travelers Companies Stock Performance
Shares of NYSE:TRV traded up $0.13 on Friday, hitting $171.82. The company had a trading volume of 862,290 shares, compared to its average volume of 1,499,472. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $194.51. The stock has a market cap of $39.24 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.52 and a beta of 0.58. The stock has a 50 day moving average price of $165.87 and a 200 day moving average price of $169.63. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.40.
Travelers Companies (NYSE:TRV – Get Free Report) last released its quarterly earnings data on Wednesday, October 18th. The insurance provider reported $1.95 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.98). The company had revenue of $10.50 billion during the quarter, compared to analyst estimates of $10.42 billion. Travelers Companies had a net margin of 5.45% and a return on equity of 10.41%. Travelers Companies’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.20 earnings per share. Analysts expect that The Travelers Companies, Inc. will post 11.1 EPS for the current year.
Travelers Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Thursday, December 7th. Travelers Companies’s dividend payout ratio is currently 43.29%.
In other news, EVP Andy F. Bessette sold 3,797 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $169.38, for a total value of $643,135.86. Following the completion of the transaction, the executive vice president now owns 13,005 shares of the company’s stock, valued at $2,202,786.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.29% of the stock is currently owned by insiders.
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. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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