Viking Global Investors LP purchased a new position in Travelers Companies Inc (NYSE:TRV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 495,762 shares of the insurance provider’s stock, valued at approximately $67,245,000.
Several other hedge funds and other institutional investors also recently modified their holdings of TRV. Stelac Advisory Services LLC bought a new position in shares of Travelers Companies in the fourth quarter worth $101,000. Field & Main Bank bought a new position in shares of Travelers Companies in the fourth quarter worth $102,000. Fieldpoint Private Securities LLC bought a new position in shares of Travelers Companies in the third quarter worth $106,000. Valeo Financial Advisors LLC bought a new position in shares of Travelers Companies in the third quarter worth $108,000. Finally, Security National Trust Co. increased its position in shares of Travelers Companies by 260.9% in the third quarter. Security National Trust Co. now owns 1,043 shares of the insurance provider’s stock worth $128,000 after purchasing an additional 754 shares during the period. Institutional investors own 79.42% of the company’s stock.
In other news, EVP Andy F. Bessette sold 17,000 shares of Travelers Companies stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $142.42, for a total transaction of $2,421,140.00. Following the sale, the executive vice president now directly owns 28,327 shares of the company’s stock, valued at $4,034,331.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jay S. Benet sold 4,437 shares of Travelers Companies stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $140.13, for a total value of $621,756.81. Following the sale, the insider now directly owns 89,737 shares in the company, valued at $12,574,845.81. The disclosure for this sale can be found here. Insiders have sold 182,727 shares of company stock worth $26,828,165 over the last three months. Insiders own 0.82% of the company’s stock.
Shares of Travelers Companies Inc (NYSE TRV) opened at $142.30 on Friday. Travelers Companies Inc has a 12 month low of $113.76 and a 12 month high of $150.55. The company has a market capitalization of $38,624.21, a PE ratio of 19.47, a PEG ratio of 1.90 and a beta of 1.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.39 and a current ratio of 0.39.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings results 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 net margin of 7.13% and a return on equity of 8.61%. The firm had revenue of $7.45 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same period in the previous year, the business posted $3.20 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. sell-side analysts anticipate that Travelers Companies Inc will post 10.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Thursday, March 8th. Travelers Companies’s payout ratio is 39.40%.
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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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