Brighton Jones LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,194 shares of the insurance provider’s stock, valued at approximately $269,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in TRV. Tradewinds Capital Management LLC lifted its holdings in shares of The Travelers Companies by 1.1% during the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 10 shares during the last quarter. Intellectus Partners LLC raised its position in The Travelers Companies by 4.6% during the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after buying an additional 41 shares during the period. Thompson Siegel & Walmsley LLC raised its position in The Travelers Companies by 3.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after buying an additional 35 shares during the period. Omnia Family Wealth LLC raised its position in The Travelers Companies by 4.7% during the second quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock valued at $128,000 after buying an additional 46 shares during the period. Finally, Security National Trust Co. raised its position in The Travelers Companies by 260.9% during the third quarter. Security National Trust Co. now owns 1,043 shares of the insurance provider’s stock valued at $128,000 after buying an additional 754 shares during the period. 78.14% of the stock is owned by institutional investors and hedge funds.
Shares of The Travelers Companies, Inc. (NYSE TRV) traded up $0.96 during midday trading on Tuesday, hitting $130.73. The stock had a trading volume of 529,052 shares, compared to its average volume of 1,498,137. 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 cap of $35,560.00, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 2.47 and a beta of 1.26. The Travelers Companies, Inc. has a fifty-two week low of $111.25 and a fifty-two 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 Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the company earned $2.40 EPS. The Travelers Companies’s revenue for the quarter was up 4.2% compared to the same quarter last year. analysts predict that The Travelers Companies, Inc. will post 7.01 earnings per share for the current year.
The Travelers Companies announced that its Board of Directors has authorized a stock repurchase plan on Monday, September 11th that allows the company to buyback shares. This buyback authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.88 annualized dividend and a yield of 2.20%. The Travelers Companies’s payout ratio is 33.29%.
TRV has been the topic of several recent analyst reports. MKM Partners reissued a “neutral” rating and set a $130.00 price target (up from $115.00) on shares of The Travelers Companies in a research report on Wednesday, July 26th. Wells Fargo & Company reissued a “hold” rating and set a $125.00 price target on shares of The Travelers Companies in a research report on Tuesday, September 12th. Credit Suisse Group dropped their price target on The Travelers Companies from $128.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 12th. B. Riley reissued a “neutral” rating on shares of The Travelers Companies in a research report on Monday, November 6th. Finally, Royal Bank Of Canada upped their price target on The Travelers Companies to $140.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. The Travelers Companies has a consensus rating of “Hold” and a consensus target price of $128.54.
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In related news, EVP Andy F. Bessette sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $132.98, for a total transaction of $265,960.00. Following the completion of the sale, the executive vice president now owns 8,000 shares in the company, valued at approximately $1,063,840. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.82% of the stock is owned by corporate 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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