WINTON GROUP Ltd raised its position in Travelers Companies Inc (NYSE:TRV) by 4,004.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 116,580 shares of the insurance provider’s stock after buying an additional 113,740 shares during the period. WINTON GROUP Ltd’s holdings in Travelers Companies were worth $15,122,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of TRV. Squar Milner Financial Services LLC acquired a new stake in Travelers Companies in the 2nd quarter worth about $100,000. Landaas & Co. WI ADV acquired a new stake in Travelers Companies in the 2nd quarter worth about $108,000. Acadian Asset Management LLC acquired a new stake in Travelers Companies in the 2nd quarter worth about $112,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Travelers Companies in the 2nd quarter worth about $129,000. Finally, ELM Advisors LLC acquired a new stake in Travelers Companies in the 3rd quarter worth about $130,000. Institutional investors own 79.33% of the company’s stock.
Several equities research analysts recently issued reports on TRV shares. TheStreet upgraded Travelers Companies from a “c+” rating to a “b” rating in a report on Thursday, August 30th. Citigroup set a $144.00 price objective on Travelers Companies and gave the stock a “buy” rating in a report on Thursday, July 12th. Zacks Investment Research upgraded Travelers Companies from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. Wells Fargo & Co restated a “hold” rating and set a $142.00 target price on shares of Travelers Companies in a report on Thursday, July 19th. Finally, ValuEngine upgraded Travelers Companies from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Travelers Companies presently has an average rating of “Hold” and an average price target of $136.36.
Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 18th. The insurance provider reported $2.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.28. The business had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $6.83 billion. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. As a group, analysts expect that Travelers Companies Inc will post 9.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 10th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, December 7th. Travelers Companies’s payout ratio is presently 42.31%.
In other news, EVP Andy F. Bessette sold 8,892 shares of Travelers Companies stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $130.78, for a total transaction of $1,162,895.76. Following the sale, the executive vice president now owns 10,551 shares of the company’s stock, valued at approximately $1,379,859.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Jay S. Benet sold 8,876 shares of Travelers Companies stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the sale, the insider now directly owns 94,176 shares in the company, valued at approximately $12,431,232. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.
Travelers Companies 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. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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