IFM Investors Pty Ltd acquired a new stake in shares of Travelers Companies Inc (NYSE:TRV) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 7,811 shares of the insurance provider’s stock, valued at approximately $957,000.
A number of other institutional investors also recently modified their holdings of TRV. Fieldpoint Private Securities LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at $106,000. Valeo Financial Advisors LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at $108,000. Tradewinds Capital Management LLC boosted its holdings in shares of Travelers Companies by 1.1% during the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after buying an additional 10 shares in the last quarter. Intellectus Partners LLC boosted its holdings in shares of Travelers Companies by 4.6% during the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after buying an additional 41 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of Travelers Companies by 3.6% during the 2nd 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 in the last quarter. 78.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of Travelers Companies Inc (NYSE:TRV) traded down $0.45 during trading on Wednesday, reaching $133.90. 849,634 shares of the company were exchanged, compared to its average volume of 1,492,969. The company has a market cap of $36,445.35, a PE ratio of 16.26, a price-to-earnings-growth ratio of 2.62 and a beta of 1.25. Travelers Companies Inc has a 52 week low of $113.76 and a 52 week high of $137.95. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.29.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Friday, December 8th. Travelers Companies’s dividend payout ratio is currently 33.45%.
Travelers Companies declared that its board has initiated a stock buyback plan on Monday, September 11th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.
A number of brokerages have recently commented on TRV. Goldman Sachs Group began coverage on shares of Travelers Companies in a report on Monday, December 4th. They set a “sell” rating and a $124.00 target price on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $152.00 target price on shares of Travelers Companies in a report on Wednesday, December 6th. Royal Bank of Canada restated a “buy” rating and set a $148.00 target price on shares of Travelers Companies in a report on Friday, December 8th. Citigroup dropped their target price on shares of Travelers Companies from $142.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, October 2nd. Finally, Buckingham Research started coverage on shares of Travelers Companies in a report on Monday, September 11th. They set a “buy” rating and a $136.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $132.01.
In other Travelers Companies news, EVP Andy F. Bessette sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total transaction of $265,960.00. Following the transaction, the executive vice president now owns 8,000 shares in the company, valued at approximately $1,063,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maria Olivo sold 33,225 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total transaction of $4,458,130.50. The disclosure for this sale can be found here. Insiders have sold a total of 55,302 shares of company stock worth $7,347,753 in the last 90 days. Company insiders own 0.82% of the company’s stock.
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Travelers Companies 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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