BNP Paribas Arbitrage SA Buys 365,410 Shares of The Travelers Cos. (TRV)
BNP Paribas Arbitrage SA increased its position in shares of The Travelers Cos. (NYSE:TRV) by 288.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 492,106 shares of the company’s stock after buying an additional 365,410 shares during the period. BNP Paribas Arbitrage SA owned 0.17% of The Travelers Cos. worth $56,371,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Eqis Capital Management Inc. boosted its stake in The Travelers Cos. by 4.2% in the third quarter. Eqis Capital Management Inc. now owns 7,172 shares of the company’s stock worth $822,000 after buying an additional 288 shares during the last quarter. Washington Trust Bank boosted its stake in The Travelers Cos. by 1.1% in the third quarter. Washington Trust Bank now owns 2,536 shares of the company’s stock worth $290,000 after buying an additional 27 shares during the last quarter. LVM Capital Management Ltd. MI boosted its stake in The Travelers Cos. by 10.6% in the third quarter. LVM Capital Management Ltd. MI now owns 5,200 shares of the company’s stock worth $489,000 after buying an additional 500 shares during the last quarter. Park National Corp OH boosted its stake in The Travelers Cos. by 45.9% in the third quarter. Park National Corp OH now owns 73,562 shares of the company’s stock worth $8,427,000 after buying an additional 23,159 shares during the last quarter. Finally, Evercore Wealth Management LLC boosted its stake in The Travelers Cos. by 0.4% in the second quarter. Evercore Wealth Management LLC now owns 23,024 shares of the company’s stock worth $2,741,000 after buying an additional 89 shares during the last quarter. Institutional investors own 80.94% of the company’s stock.
The Travelers Cos. (NYSE:TRV) opened at 111.82 on Friday. The company has a 50-day moving average price of $111.28 and a 200-day moving average price of $114.18. The Travelers Cos. has a 52 week low of $101.23 and a 52 week high of $119.32. The stock has a market cap of $31.76 billion, a PE ratio of 11.34 and a beta of 1.03.
The Travelers Cos. (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 20th. The company reported $2.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.13. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.37 billion. The Travelers Cos. had a return on equity of 12.11% and a net margin of 10.84%. The Travelers Cos.’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.93 EPS. Analysts anticipate that The Travelers Cos. will post $9.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 9th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.40%. The ex-dividend date is Wednesday, December 7th. The Travelers Cos.’s dividend payout ratio is 27.29%.
TRV has been the topic of a number of research analyst reports. William Blair lowered The Travelers Cos. from a “market perform” rating to an “underperform” rating in a report on Thursday. Citigroup Inc. raised their price target on The Travelers Cos. from $117.00 to $123.00 and gave the company a “neutral” rating in a report on Tuesday, October 11th. Barclays PLC reissued an “equal weight” rating and set a $109.00 price target (up from $105.00) on shares of The Travelers Cos. in a report on Saturday, October 1st. Credit Suisse Group AG set a $111.00 price target on The Travelers Cos. and gave the company a “hold” rating in a report on Monday, September 12th. Finally, Zacks Investment Research raised The Travelers Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $117.64.
In other The Travelers Cos. news, Vice Chairman Jay S. Benet sold 5,808 shares of the business’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $118.31, for a total value of $687,144.48. Following the transaction, the insider now owns 71,287 shares of the company’s stock, valued at $8,433,964.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Philip T. Ruegger III acquired 2,000 shares of The Travelers Cos. stock in a transaction on Wednesday, November 9th. The stock was acquired at an average cost of $107.19 per share, for a total transaction of $214,380.00. Following the purchase, the director now owns 22,443 shares of the company’s stock, valued at approximately $2,405,665.17. The disclosure for this purchase can be found here. 1.34% of the stock is owned by corporate insiders.
About The Travelers Cos.
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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