The Travelers Companies, Inc. (TRV) Holdings Decreased by Advantus Capital Management Inc

Advantus Capital Management Inc lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,870 shares of the insurance provider’s stock after selling 386 shares during the quarter. Advantus Capital Management Inc owned approximately 10,182.68% of The Travelers Companies worth $3,415,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its position in shares of The Travelers Companies by 2,395.6% in the 1st quarter. BlackRock Inc. now owns 20,403,051 shares of the insurance provider’s stock worth $2,459,383,000 after buying an additional 19,585,476 shares during the period. Balyasny Asset Management LLC raised its position in shares of The Travelers Companies by 2,272.4% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,471,130 shares of the insurance provider’s stock worth $186,142,000 after buying an additional 1,409,121 shares during the period. FIL Ltd purchased a new position in shares of The Travelers Companies in the 2nd quarter worth $161,641,000. Janus Henderson Group PLC raised its position in shares of The Travelers Companies by 3,559.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,305,445 shares of the insurance provider’s stock worth $165,178,000 after buying an additional 1,269,774 shares during the period. Finally, American Century Companies Inc. raised its position in shares of The Travelers Companies by 2,264.8% in the 2nd quarter. American Century Companies Inc. now owns 901,739 shares of the insurance provider’s stock worth $114,097,000 after buying an additional 863,607 shares during the period. 78.36% of the stock is currently owned by institutional investors.

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Several research analysts recently weighed in on TRV shares. Citigroup Inc. reaffirmed a “buy” rating and issued a $148.00 target price (down from $150.00) on shares of The Travelers Companies in a research report on Monday, July 24th. BidaskClub lowered The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. MKM Partners reaffirmed a “neutral” rating and issued a $130.00 target price (up from $115.00) on shares of The Travelers Companies in a research report on Wednesday, July 26th. Barclays PLC increased their target price on The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $135.00 price objective on shares of The Travelers Companies in a research report on Monday, August 21st. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $128.54.

Shares of The Travelers Companies, Inc. (NYSE TRV) opened at $135.54 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a market capitalization of $36,820.31, a PE ratio of 16.43, a PEG ratio of 2.39 and a beta of 1.26. The Travelers Companies, Inc. has a 52 week low of $109.10 and a 52 week high of $135.71.

The Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $2.10 by ($1.19). The business had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.46 billion. The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.40 earnings per share. sell-side analysts predict that The Travelers Companies, Inc. will post 7.5 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be paid a $0.72 dividend. The ex-dividend date is Friday, December 8th. This represents a $2.88 dividend on an annualized basis and a yield of 2.12%. The Travelers Companies’s dividend payout ratio (DPR) is 33.45%.

The Travelers Companies declared that its board has approved a share buyback program on Monday, September 11th that permits the company to repurchase shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

In related news, EVP Kenneth Franklin Spence III sold 4,800 shares of The Travelers Companies stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $128.73, for a total value of $617,904.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.82% of the stock is currently owned by company insiders.

The 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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Institutional Ownership by Quarter for The Travelers Companies (NYSE:TRV)

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