Atlantic Trust Group LLC Raises Holdings in Travelers Companies Inc (TRV)

Atlantic Trust Group LLC raised its position in Travelers Companies Inc (NYSE:TRV) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,224 shares of the insurance provider’s stock after buying an additional 520 shares during the quarter. Atlantic Trust Group LLC’s holdings in Travelers Companies were worth $2,722,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRV. Balyasny Asset Management LLC grew its holdings in shares of Travelers Companies by 2,272.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,471,130 shares of the insurance provider’s stock worth $186,142,000 after purchasing an additional 1,409,121 shares in the last quarter. FIL Ltd acquired a new stake in shares of Travelers Companies during the 2nd quarter worth $161,641,000. Janus Henderson Group PLC grew its holdings in shares of Travelers Companies by 3,559.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,305,445 shares of the insurance provider’s stock worth $165,178,000 after purchasing an additional 1,269,774 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Travelers Companies by 2,264.8% during the 2nd quarter. American Century Companies Inc. now owns 901,739 shares of the insurance provider’s stock worth $114,097,000 after purchasing an additional 863,607 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of Travelers Companies during the 3rd quarter worth $78,058,000. 78.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Travelers Companies Inc (TRV) opened at $135.66 on Friday. 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 firm has a market capitalization of $36,890.00, a price-to-earnings ratio of 15.68, a P/E/G ratio of 2.65 and a beta of 1.25.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $2.10 by ($1.19). Travelers Companies had a return on equity of 4.90% and a net margin of 4.00%. 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 prior year, the company earned $2.40 earnings per share. Travelers Companies’s quarterly revenue was up 4.2% compared to the same quarter last year. analysts predict that Travelers Companies Inc will post 6.76 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.88 annualized dividend and a dividend yield of 2.12%. Travelers Companies’s dividend payout ratio is currently 33.29%.

Travelers Companies declared that its board has approved a stock repurchase plan on Monday, September 11th that permits the company to repurchase shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Several research firms have recently issued reports on TRV. Zacks Investment Research lowered Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. UBS Group reduced their target price on Travelers Companies from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, September 19th. Argus increased their target price on Travelers Companies from $139.00 to $145.00 and gave the stock a “positive” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. Wells Fargo & Co set a $125.00 target price on Travelers Companies and gave the stock a “hold” rating in a report on Tuesday, November 14th. Finally, Buckingham Research began coverage on Travelers Companies in a report on Monday, September 11th. They set a “buy” rating and a $136.00 target price on the stock. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. Travelers Companies currently has an average rating of “Hold” and a consensus target price of $132.01.

In other Travelers Companies news, EVP Michael Frederick Klein sold 20,077 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $130.68, for a total value of $2,623,662.36. Following the completion of the transaction, the executive vice president now directly owns 21,619 shares in the company, valued at $2,825,170.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andy F. Bessette sold 2,000 shares of the 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 completion of the transaction, the executive vice president now owns 8,000 shares of the company’s stock, valued at $1,063,840. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,302 shares of company stock valued at $7,347,753. 0.82% of the stock is owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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