AMP Capital Investors Ltd Has $18.77 Million Position in Travelers Companies Inc (TRV)

AMP Capital Investors Ltd cut its stake in Travelers Companies Inc (NYSE:TRV) by 9.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,403 shares of the insurance provider’s stock after selling 15,175 shares during the quarter. AMP Capital Investors Ltd owned about 0.05% of Travelers Companies worth $18,774,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TRV. Landaas & Co. WI ADV purchased a new stake in Travelers Companies in the second quarter worth $108,000. Acadian Asset Management LLC purchased a new stake in Travelers Companies in the second quarter worth $112,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Travelers Companies in the second quarter worth $129,000. ELM Advisors LLC purchased a new stake in Travelers Companies in the third quarter worth $130,000. Finally, Integrated Investment Consultants LLC purchased a new stake in Travelers Companies in the second quarter worth $138,000. Institutional investors own 78.50% of the company’s stock.

In related news, EVP Andy F. Bessette sold 1,666 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $126.17, for a total transaction of $210,199.22. Following the sale, the executive vice president now owns 8,457 shares of the company’s stock, valued at $1,067,019.69. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by company insiders.

TRV has been the topic of a number of recent analyst reports. 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 on the stock. B. Riley increased their target price on Travelers Companies from $118.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. TheStreet upgraded Travelers Companies from a “c+” rating to a “b” rating in a research note on Thursday, August 30th. Zacks Investment Research lowered Travelers Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Finally, Wells Fargo & Co restated a “hold” rating and set a $142.00 price target on shares of Travelers Companies in a research note on Thursday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $136.36.

Shares of TRV stock opened at $130.37 on Friday. Travelers Companies Inc has a 1-year low of $119.67 and a 1-year high of $150.55. The stock has a market cap of $34.60 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.05 and a beta of 1.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.39 and a current ratio of 0.39.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 18th. The insurance provider reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.28. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter last year, the company earned $0.91 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Travelers Companies Inc will post 9.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 10th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Friday, December 7th. Travelers Companies’s payout ratio is currently 42.31%.

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

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