IFG Advisory LLC lifted its holdings in Travelers Companies Inc (NYSE:TRV) by 15.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,552 shares of the insurance provider’s stock after purchasing an additional 473 shares during the quarter. IFG Advisory LLC’s holdings in Travelers Companies were worth $460,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. ProVise Management Group LLC purchased a new position in Travelers Companies in the 3rd quarter worth $312,000. FTB Advisors Inc. raised its stake in Travelers Companies by 3.6% in the 3rd quarter. FTB Advisors Inc. now owns 63,013 shares of the insurance provider’s stock worth $8,173,000 after acquiring an additional 2,192 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Travelers Companies by 2.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 171,447 shares of the insurance provider’s stock worth $22,239,000 after acquiring an additional 4,380 shares during the last quarter. Benedict Financial Advisors Inc. raised its stake in Travelers Companies by 2.4% in the 3rd quarter. Benedict Financial Advisors Inc. now owns 23,467 shares of the insurance provider’s stock worth $3,044,000 after acquiring an additional 544 shares during the last quarter. Finally, WINTON GROUP Ltd raised its stake in Travelers Companies by 4,004.9% in the 3rd quarter. WINTON GROUP Ltd now owns 116,580 shares of the insurance provider’s stock worth $15,122,000 after acquiring an additional 113,740 shares during the last quarter. 79.33% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Andy F. Bessette sold 8,892 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was 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 directly owns 10,551 shares in the company, valued at approximately $1,379,859.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Jay S. Benet sold 8,876 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $132.00, for a total value of $1,171,632.00. Following the sale, the insider now owns 94,176 shares in the company, valued at $12,431,232. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.
Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 18th. The insurance provider reported $2.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.28. The business had revenue of $6.88 billion during the quarter, compared to analyst estimates of $6.83 billion. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. Analysts forecast that Travelers Companies Inc will post 9.88 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 10th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, December 7th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.35%. Travelers Companies’s payout ratio is currently 42.31%.
TRV has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Travelers Companies from a “sell” rating to a “hold” rating in a research note on Friday, October 12th. Wells Fargo & Co restated a “hold” rating and issued a $142.00 target price on shares of Travelers Companies in a research note on Thursday, July 19th. ValuEngine upgraded Travelers Companies from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Credit Suisse Group initiated coverage on Travelers Companies in a research note on Tuesday, August 7th. They issued a “neutral” rating and a $141.00 target price for the company. Finally, Sandler O’Neill restated a “hold” rating and issued a $130.00 target price on shares of Travelers Companies in a research note on Friday, July 13th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $136.36.
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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