Nisa Investment Advisors LLC Has $18,333,000 Position in The Travelers Cos. (TRV)
Nisa Investment Advisors LLC boosted its position in shares of The Travelers Cos. (NYSE:TRV) by 5.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 154,010 shares of the company’s stock after buying an additional 7,464 shares during the period. Nisa Investment Advisors LLC owned about 0.05% of The Travelers Cos. worth $18,333,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRV. Legacy Private Trust Co. increased its stake in shares of The Travelers Cos. by 4.6% in the second quarter. Legacy Private Trust Co. now owns 60,095 shares of the company’s stock worth $7,154,000 after buying an additional 2,616 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of The Travelers Cos. during the first quarter worth about $5,690,000. Envestnet Asset Management Inc. increased its stake in shares of The Travelers Cos. by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 235,251 shares of the company’s stock worth $27,456,000 after buying an additional 857 shares in the last quarter. First Republic Investment Management Inc. increased its stake in shares of The Travelers Cos. by 15.2% in the first quarter. First Republic Investment Management Inc. now owns 512,899 shares of the company’s stock worth $59,860,000 after buying an additional 67,765 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of The Travelers Cos. during the fourth quarter worth about $54,470,000. Institutional investors own 80.13% of the company’s stock.
The Travelers Cos. (NYSE:TRV) traded up 0.60% during midday trading on Friday, reaching $114.55. 1,361,208 shares of the company’s stock traded hands. The Travelers Cos. has a 1-year low of $100.48 and a 1-year high of $119.32. The company has a market capitalization of $33.02 billion, a price-to-earnings ratio of 11.03 and a beta of 1.07. The firm’s 50-day moving average is $116.49 and its 200-day moving average is $115.16.
The Travelers Cos. (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 21st. The company reported $2.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.19 by $0.05. The business had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.37 billion. The Travelers Cos. had a net margin of 11.70% and a return on equity of 13.06%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $2.52 earnings per share. Analysts forecast that The Travelers Cos. will post $9.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 9th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Wednesday, September 7th. The Travelers Cos.’s dividend payout ratio is currently 25.92%.
A number of analysts have recently weighed in on TRV shares. Barclays PLC restated an “equal weight” rating and issued a $109.00 target price (up from $105.00) on shares of The Travelers Cos. in a report on Saturday. Macquarie restated an “underperform” rating and issued a $92.00 target price on shares of The Travelers Cos. in a report on Wednesday, June 8th. Bank of America Corp. upgraded shares of The Travelers Cos. from a “neutral” rating to a “buy” rating and set a $127.00 target price on the stock in a report on Tuesday, June 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Finally, RBC Capital Markets restated an “outperform” rating and issued a $125.00 target price (up from $120.00) on shares of The Travelers Cos. in a report on Sunday, July 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The Travelers Cos. currently has an average rating of “Hold” and an average target price of $116.75.
In other The Travelers Cos. news, Director Philip T. Ruegger III purchased 1,700 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were purchased at an average cost of $117.95 per share, with a total value of $200,515.00. Following the completion of the purchase, the director now owns 20,126 shares in the company, valued at approximately $2,373,861.70. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 4,246 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $118.98, for a total transaction of $505,189.08. Following the completion of the transaction, the insider now directly owns 231,500 shares in the company, valued at $27,543,870. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by insiders.
The Travelers Cos. 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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