Jacobus Wealth Management Inc. raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 17.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,592 shares of the company’s stock after buying an additional 825 shares during the period. Jacobus Wealth Management Inc.’s holdings in The Travelers Companies were worth $641,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of TRV. Great West Life Assurance Co. Can increased its stake in The Travelers Companies by 0.5% in the third quarter. Great West Life Assurance Co. Can now owns 596,098 shares of the company’s stock worth $68,288,000 after buying an additional 3,145 shares during the last quarter. Hermes Investment Management Ltd. increased its stake in The Travelers Companies by 13.9% in the third quarter. Hermes Investment Management Ltd. now owns 647,747 shares of the company’s stock worth $74,199,000 after buying an additional 78,929 shares during the last quarter. Denali Advisors LLC purchased a new stake in The Travelers Companies during the third quarter worth $2,131,000. Aperio Group LLC increased its stake in The Travelers Companies by 20.9% in the third quarter. Aperio Group LLC now owns 411,441 shares of the company’s stock worth $47,131,000 after buying an additional 71,147 shares during the last quarter. Finally, Ngam Advisors L.P. increased its stake in The Travelers Companies by 0.3% in the second quarter. Ngam Advisors L.P. now owns 208,728 shares of the company’s stock worth $24,847,000 after buying an additional 593 shares during the last quarter. Institutional investors own 79.35% of the company’s stock.
Shares of The Travelers Companies, Inc. (NYSE:TRV) opened at 117.78 on Friday. The firm’s 50-day moving average price is $119.18 and its 200 day moving average price is $115.80. The company has a market capitalization of $32.93 billion, a PE ratio of 11.46 and a beta of 1.06. The Travelers Companies, Inc. has a 52-week low of $103.07 and a 52-week high of $123.09.
The Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, January 24th. The company reported $3.20 EPS for the quarter, beating the consensus estimate of $2.63 by $0.57. The Travelers Companies had a net margin of 10.92% and a return on equity of 12.29%. The business earned $7.19 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter in the prior year, the firm earned $2.90 EPS. The business’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts forecast that The Travelers Companies, Inc. will post $9.49 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Wednesday, March 8th. The Travelers Companies’s dividend payout ratio (DPR) is presently 26.10%.
A number of equities research analysts have weighed in on TRV shares. Citigroup Inc. raised their price target on The Travelers Companies from $117.00 to $123.00 and gave the company a “neutral” rating in a research report on Tuesday, October 11th. William Blair downgraded The Travelers Companies from a “market perform” rating to an “underperform” rating in a report on Thursday, November 17th. Morgan Stanley downgraded The Travelers Companies from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $120.25 to $110.00 in a report on Thursday, January 5th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) downgraded The Travelers Companies from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $116.00 to $107.00 in a report on Tuesday, January 10th. Finally, FBR & Co reiterated a “buy” rating on shares of The Travelers Companies in a report on Wednesday, January 25th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $118.25.
In other The Travelers Companies news, Director Philip T. Ruegger III bought 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were purchased at an average cost of $107.19 per share, for a total transaction of $214,380.00. Following the transaction, the director now owns 22,443 shares of the company’s stock, valued at $2,405,665.17. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 1,000 shares of the company’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $113.75, for a total transaction of $113,750.00. Following the sale, the insider now owns 229,254 shares in the company, valued at $26,077,642.50. The disclosure for this sale can be found here. 1.34% of the stock is owned by corporate insiders.
The Travelers Companies Company Profile
The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.
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