Park Avenue Securities LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV – Get Rating) by 23.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,058 shares of the insurance provider’s stock after buying an additional 1,134 shares during the period. Park Avenue Securities LLC’s holdings in Travelers Companies were worth $1,136,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of TRV. Sequoia Financial Advisors LLC grew its position in Travelers Companies by 1.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,074 shares of the insurance provider’s stock worth $562,000 after purchasing an additional 58 shares during the last quarter. International Assets Investment Management LLC grew its position in Travelers Companies by 2.3% during the 2nd quarter. International Assets Investment Management LLC now owns 2,580 shares of the insurance provider’s stock worth $436,000 after purchasing an additional 59 shares during the last quarter. Evermay Wealth Management LLC grew its position in Travelers Companies by 3.0% during the 3rd quarter. Evermay Wealth Management LLC now owns 2,050 shares of the insurance provider’s stock worth $314,000 after purchasing an additional 60 shares during the last quarter. SlateStone Wealth LLC grew its position in Travelers Companies by 2.9% during the 3rd quarter. SlateStone Wealth LLC now owns 2,148 shares of the insurance provider’s stock worth $329,000 after purchasing an additional 61 shares during the last quarter. Finally, Virtus ETF Advisers LLC grew its position in Travelers Companies by 1.4% during the 3rd quarter. Virtus ETF Advisers LLC now owns 4,332 shares of the insurance provider’s stock worth $664,000 after purchasing an additional 61 shares during the last quarter. 81.59% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Travelers Companies
In related news, CEO Alan D. Schnitzer sold 150,829 shares of the company’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $188.53, for a total transaction of $28,435,791.37. Following the transaction, the chief executive officer now owns 196,914 shares of the company’s stock, valued at $37,124,196.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Alan D. Schnitzer sold 150,829 shares of the company’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $188.53, for a total transaction of $28,435,791.37. Following the transaction, the chief executive officer now owns 196,914 shares of the company’s stock, valued at $37,124,196.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Diane Kurtzman sold 2,914 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $185.01, for a total transaction of $539,119.14. Following the transaction, the executive vice president now directly owns 1,735 shares of the company’s stock, valued at approximately $320,992.35. The disclosure for this sale can be found here. Insiders have sold 188,163 shares of company stock valued at $35,402,200 over the last quarter. Corporate insiders own 1.07% of the company’s stock.
Travelers Companies Stock Up 1.0 %
Travelers Companies (NYSE:TRV – Get Rating) last announced its quarterly earnings results on Tuesday, January 24th. The insurance provider reported $3.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.40. Travelers Companies had a net margin of 7.71% and a return on equity of 13.34%. The company had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.78 billion. During the same quarter in the prior year, the firm earned $5.20 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities analysts anticipate that The Travelers Companies, Inc. will post 14.11 EPS for the current fiscal year.
Travelers Companies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 10th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Thursday, March 9th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.66%.
Wall Street Analysts Forecast Growth
TRV has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, March 31st. BMO Capital Markets initiated coverage on shares of Travelers Companies in a report on Thursday, January 19th. They issued an “outperform” rating and a $212.00 target price on the stock. Barclays lowered their target price on shares of Travelers Companies from $197.00 to $196.00 and set an “equal weight” rating on the stock in a report on Thursday, January 19th. Wells Fargo & Company lifted their target price on shares of Travelers Companies from $181.00 to $182.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Evercore ISI raised shares of Travelers Companies from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $183.00 to $220.00 in a report on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $190.40.
About Travelers Companies
The Travelers Cos., Inc is a holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following business segments: Business Insurance, Bond and Specialty Insurance, and Personal Insurance. The Business Insurance segment provides an array of property and casualty insurance, and insurance related services to its customers primarily in the U.S., as well as in Canada, the United Kingdom, the Republic of Ireland and throughout other parts of the world as a corporate member of Lloyd’s.
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