Miracle Mile Advisors LLC bought a new position in shares of Travelers Companies Inc (NYSE:TRV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,800 shares of the insurance provider’s stock, valued at approximately $244,000.
Other large investors have also recently added to or reduced their stakes in the company. Field & Main Bank acquired a new position in Travelers Companies during the fourth quarter worth about $102,000. Fieldpoint Private Securities LLC acquired a new position in Travelers Companies during the third quarter worth about $106,000. Valeo Financial Advisors LLC acquired a new position in Travelers Companies during the third quarter worth about $108,000. Intellectus Partners LLC grew its holdings in Travelers Companies by 4.6% during the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock worth $118,000 after acquiring an additional 41 shares during the period. Finally, Security National Trust Co. grew its holdings in Travelers Companies by 260.9% during the third quarter. Security National Trust Co. now owns 1,043 shares of the insurance provider’s stock worth $128,000 after acquiring an additional 754 shares during the period. 79.21% of the stock is currently owned by hedge funds and other institutional investors.
In other Travelers Companies news, Director Todd C. Schermerhorn acquired 1,120 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was purchased at an average cost of $134.21 per share, for a total transaction of $150,315.20. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Thomas M. Kunkel sold 9,595 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $150.09, for a total value of $1,440,113.55. Following the sale, the executive vice president now owns 28,956 shares of the company’s stock, valued at $4,346,006.04. The disclosure for this sale can be found here. Insiders have sold a total of 183,599 shares of company stock valued at $26,487,501 over the last 90 days. Corporate insiders own 0.82% of the company’s stock.
Shares of Travelers Companies Inc (NYSE TRV) opened at $137.08 on Friday. Travelers Companies Inc has a 1 year low of $113.76 and a 1 year high of $150.55. The company has a market capitalization of $36,641.71, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.41 and a current ratio of 0.39.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 EPS for the quarter, missing the Zacks’ consensus estimate of $2.56 by ($0.28). Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The business had revenue of $7.45 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the previous year, the business posted $3.20 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. equities analysts predict that Travelers Companies Inc will post 10.59 earnings per share for the current fiscal year.
Travelers Companies announced that its Board of Directors has approved a share buyback program on Thursday, November 9th that allows the company to buyback shares. This buyback authorization allows the insurance provider to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be given a dividend of $0.72 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.88 dividend on an annualized basis and a yield of 2.10%. Travelers Companies’s payout ratio is presently 39.40%.
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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