Steward Partners Investment Advisory LLC bought a new stake in Travelers Companies Inc (NYSE:TRV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,757 shares of the insurance provider’s stock, valued at approximately $337,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in TRV. Balyasny Asset Management LLC increased its stake in Travelers Companies by 2,272.4% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,471,130 shares of the insurance provider’s stock worth $186,142,000 after buying an additional 1,409,121 shares during the period. FIL Ltd purchased a new position in Travelers Companies in the 2nd quarter worth about $161,641,000. Janus Henderson Group PLC increased its stake in Travelers Companies by 3,559.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,305,445 shares of the insurance provider’s stock worth $165,178,000 after buying an additional 1,269,774 shares during the period. American Century Companies Inc. increased its stake in Travelers Companies by 2,264.8% in the 2nd quarter. American Century Companies Inc. now owns 901,739 shares of the insurance provider’s stock worth $114,097,000 after buying an additional 863,607 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new position in Travelers Companies in the 3rd quarter worth about $78,058,000. 78.49% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Andy F. Bessette sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total value of $265,960.00. Following the sale, the executive vice president now directly 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 can be accessed through this link. Also, EVP Michael Frederick Klein sold 20,077 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $130.68, for a total transaction of $2,623,662.36. Following the completion of the sale, the executive vice president now owns 21,619 shares in the company, valued at $2,825,170.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,302 shares of company stock worth $7,347,753. 0.82% of the stock is owned by company insiders.
Travelers Companies Inc (TRV) opened at $135.21 on Tuesday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.29. Travelers Companies Inc has a 1-year low of $113.76 and a 1-year high of $137.95. The stock has a market cap of $36,910.90, a PE ratio of 16.47, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25.
Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.19). Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the company earned $2.40 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. equities analysts anticipate that Travelers Companies Inc will post 6.76 earnings per share for the current year.
Travelers Companies announced that its board has authorized a share repurchase plan on Monday, September 11th that permits the company to repurchase outstanding shares. This repurchase authorization permits the insurance provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Friday, December 8th. Travelers Companies’s payout ratio is 33.45%.
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About Travelers Companies
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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