AIA Group Ltd grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV – Get Rating) by 46.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,388 shares of the insurance provider’s stock after purchasing an additional 439 shares during the period. AIA Group Ltd’s holdings in Travelers Companies were worth $260,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. Fairfield Bush & CO. acquired a new position in Travelers Companies during the 1st quarter worth approximately $160,000. Cibc World Market Inc. grew its holdings in shares of Travelers Companies by 28.8% in the 1st quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock worth $1,084,000 after acquiring an additional 1,327 shares during the period. Vontobel Holding Ltd. grew its holdings in shares of Travelers Companies by 1.0% in the 1st quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock worth $2,210,000 after acquiring an additional 115 shares during the period. Blair William & Co. IL grew its holdings in shares of Travelers Companies by 40.6% in the 1st quarter. Blair William & Co. IL now owns 51,551 shares of the insurance provider’s stock worth $9,420,000 after acquiring an additional 14,873 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Travelers Companies by 5.0% in the 1st quarter. Sei Investments Co. now owns 27,212 shares of the insurance provider’s stock worth $4,952,000 after acquiring an additional 1,286 shares during the period. Institutional investors and hedge funds own 81.59% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on TRV shares. Raymond James upped their price target on Travelers Companies from $200.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 25th. Jefferies Financial Group reduced their target price on shares of Travelers Companies from $188.00 to $182.00 and set a “hold” rating on the stock in a report on Monday, April 10th. JPMorgan Chase & Co. boosted their price objective on shares of Travelers Companies from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, March 31st. BMO Capital Markets started coverage on Travelers Companies in a report on Thursday, January 19th. They issued an “outperform” rating and a $212.00 price target for the company. Finally, Barclays decreased their price objective on Travelers Companies from $196.00 to $179.00 and set an “equal weight” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $191.00.
Travelers Companies Price Performance
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 for the quarter, hitting analysts’ consensus estimates of $3.40. The firm had revenue of $8.83 billion during the quarter, compared to analysts’ expectations of $8.78 billion. Travelers Companies had a net margin of 7.71% and a return on equity of 13.34%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $5.20 EPS. On average, analysts expect that The Travelers Companies, Inc. will post 14.07 earnings per share for the current year.
Travelers Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 10th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Thursday, March 9th. Travelers Companies’s dividend payout ratio (DPR) is 31.66%.
Insider Activity
In related news, CEO Alan D. Schnitzer sold 150,829 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 196,914 shares of the company’s stock, valued at approximately $37,124,196.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Vice Chairman William H. Heyman sold 9,000 shares of the business’s stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $191.42, for a total value of $1,722,780.00. Following the transaction, the insider now owns 251,605 shares in the company, valued at $48,162,229.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Alan D. Schnitzer sold 150,829 shares of the firm’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 value of $28,435,791.37. Following the sale, the chief executive officer now owns 196,914 shares of the company’s stock, valued at approximately $37,124,196.42. The disclosure for this sale can be found here. Insiders have sold 188,163 shares of company stock worth $35,402,200 over the last 90 days. Company insiders own 1.07% of the company’s stock.
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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