Cape Cod Five Cents Savings Bank acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,361 shares of the insurance provider’s stock, valued at approximately $213,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of TRV. Toronto Dominion Bank boosted its position in Travelers Companies by 147.5% during the fourth quarter. Toronto Dominion Bank now owns 311,455 shares of the insurance provider’s stock valued at $48,720,000 after purchasing an additional 185,628 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in Travelers Companies by 655.3% during the fourth quarter. Qube Research & Technologies Ltd now owns 190,014 shares of the insurance provider’s stock valued at $29,724,000 after purchasing an additional 164,856 shares during the last quarter. BlackRock Inc. boosted its position in Travelers Companies by 0.7% during the third quarter. BlackRock Inc. now owns 20,473,426 shares of the insurance provider’s stock valued at $3,112,166,000 after purchasing an additional 141,444 shares during the last quarter. Invesco Ltd. boosted its position in Travelers Companies by 2.7% during the third quarter. Invesco Ltd. now owns 4,165,114 shares of the insurance provider’s stock valued at $633,138,000 after purchasing an additional 109,227 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its position in Travelers Companies by 627.1% during the third quarter. Voloridge Investment Management LLC now owns 120,558 shares of the insurance provider’s stock valued at $18,326,000 after purchasing an additional 103,977 shares during the last quarter. 83.20% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on TRV shares. MKM Partners increased their price target on Travelers Companies from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, April 6th. Zacks Investment Research raised Travelers Companies from a “hold” rating to a “buy” rating and set a $199.00 price objective for the company in a research report on Monday, March 28th. Wells Fargo & Company raised their price objective on Travelers Companies from $172.00 to $180.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 12th. Credit Suisse Group raised their price objective on Travelers Companies from $153.00 to $178.00 in a research report on Tuesday, January 25th. Finally, Morgan Stanley raised their price objective on Travelers Companies from $180.00 to $184.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 20th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $178.64.
Travelers Companies stock traded up $1.01 during mid-day trading on Thursday, reaching $173.39. 89,619 shares of the company were exchanged, compared to its average volume of 1,513,470. The company has a fifty day simple moving average of $178.37 and a 200-day simple moving average of $167.45. The Travelers Companies, Inc. has a 12 month low of $144.44 and a 12 month high of $187.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market cap of $41.61 billion, a PE ratio of 10.91, a PEG ratio of 3.69 and a beta of 0.70.
Travelers Companies (NYSE:TRV – Get Rating) last posted its quarterly earnings data on Tuesday, April 19th. The insurance provider reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.61. Travelers Companies had a return on equity of 13.78% and a net margin of 11.18%. The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.03 billion. During the same quarter last year, the company earned $2.73 EPS. The company’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 13.48 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 10th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, June 9th. This is a positive change from Travelers Companies’s previous quarterly dividend of $0.88. Travelers Companies’s dividend payout ratio (DPR) is 22.28%.
Travelers Companies Company Profile (Get Rating)
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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