Aberdeen Group plc grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 11.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 198,525 shares of the insurance provider’s stock after buying an additional 20,754 shares during the quarter. Aberdeen Group plc owned 0.09% of Travelers Companies worth $53,113,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the company. Strong Tower Advisory Services purchased a new stake in shares of Travelers Companies during the second quarter valued at approximately $266,000. PDS Planning Inc grew its holdings in shares of Travelers Companies by 3.0% during the second quarter. PDS Planning Inc now owns 1,971 shares of the insurance provider’s stock valued at $527,000 after buying an additional 58 shares during the last quarter. JB Capital LLC grew its holdings in shares of Travelers Companies by 7.5% during the second quarter. JB Capital LLC now owns 4,102 shares of the insurance provider’s stock valued at $1,097,000 after buying an additional 285 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Travelers Companies by 0.9% during the second quarter. Blue Trust Inc. now owns 5,261 shares of the insurance provider’s stock valued at $1,408,000 after buying an additional 47 shares during the last quarter. Finally, Monument Capital Management grew its holdings in shares of Travelers Companies by 7.3% during the second quarter. Monument Capital Management now owns 1,556 shares of the insurance provider’s stock valued at $416,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on TRV. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. Wall Street Zen upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “buy (b+)” rating on shares of Travelers Companies in a research report on Saturday, September 27th. Keefe, Bruyette & Woods increased their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company increased their price objective on shares of Travelers Companies from $275.00 to $291.00 and gave the company an “equal weight” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $290.11.
Insider Activity at Travelers Companies
In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm’s stock in a transaction on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the sale, the executive vice president owned 18,416 shares in the company, valued at $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by company insiders.
Travelers Companies Stock Down 1.6%
TRV opened at $269.92 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $287.95. The company has a market capitalization of $60.77 billion, a PE ratio of 11.94, a PEG ratio of 3.08 and a beta of 0.51. The firm’s 50 day simple moving average is $273.66 and its two-hundred day simple moving average is $266.16.
Travelers Companies (NYSE:TRV – Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping the consensus estimate of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same period last year, the firm earned $2.51 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.
Travelers Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were given a $1.10 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.46%.
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.
Recommended Stories
- Five stocks we like better than Travelers Companies
- Basic Materials Stocks Investing
- Bassett Furniture: Buy Now, Sit Back, and Collect Dividends
- Canadian Penny Stocks: Can They Make You Rich?
- AST SpaceMobile’s Big Win: Shares Soar on New Deal With Verizon
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Catch the Next Bitcoin Rally With These 3 ETFs
Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.