The Travelers Cos. (TRV) Position Increased by CenturyLink Investment Management Co
CenturyLink Investment Management Co boosted its position in shares of The Travelers Cos. (NYSE:TRV) by 0.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,389 shares of the company’s stock after buying an additional 48 shares during the period. CenturyLink Investment Management Co’s holdings in The Travelers Cos. were worth $1,877,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in The Travelers Cos. by 5.1% in the second quarter. Nisa Investment Advisors LLC now owns 154,010 shares of the company’s stock worth $18,333,000 after buying an additional 7,464 shares in the last quarter. Ngam Advisors L.P. boosted its position in The Travelers Cos. 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. Robeco Institutional Asset Management B.V. boosted its position in The Travelers Cos. by 0.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 812,015 shares of the company’s stock worth $96,664,000 after buying an additional 2,267 shares during the last quarter. Clean Yield Group boosted its position in The Travelers Cos. by 5.1% in the second quarter. Clean Yield Group now owns 1,535 shares of the company’s stock worth $183,000 after buying an additional 75 shares during the last quarter. Finally, Foster & Motley Inc. boosted its position in The Travelers Cos. by 2.2% in the second quarter. Foster & Motley Inc. now owns 85,260 shares of the company’s stock worth $10,149,000 after buying an additional 1,824 shares during the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.
Shares of The Travelers Cos. (NYSE:TRV) traded up 0.32% during trading on Monday, reaching $113.81. The company’s stock had a trading volume of 1,467,312 shares. The firm has a market cap of $32.33 billion, a P/E ratio of 11.54 and a beta of 1.03. The stock’s 50 day moving average is $110.74 and its 200 day moving average is $114.37. The Travelers Cos. has a one year low of $101.23 and a one year high of $119.32.
The Travelers Cos. (NYSE:TRV) last released its earnings results on Thursday, October 20th. The company reported $2.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.13. The firm earned $6.96 billion during the quarter, compared to analysts’ expectations of $6.37 billion. The Travelers Cos. had a net margin of 10.84% and a return on equity of 12.11%. The Travelers Cos.’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.93 EPS. On average, equities analysts forecast that The Travelers Cos. will post $9.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be paid a $0.67 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $2.68 annualized dividend and a yield of 2.36%. The Travelers Cos.’s payout ratio is currently 27.29%.
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A number of equities analysts have issued reports on TRV shares. Citigroup Inc. increased their price target on The Travelers Cos. from $117.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, October 11th. Credit Suisse Group AG set a $111.00 price target on The Travelers Cos. and gave the stock a “hold” rating in a report on Monday, September 12th. William Blair cut The Travelers Cos. from a “market perform” rating to an “underperform” rating in a report on Thursday, November 17th. Barclays PLC restated 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. Finally, Zacks Investment Research upgraded The Travelers Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Two research 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’s stock. The company presently has a consensus rating of “Hold” and an average price target of $117.64.
In other The Travelers Cos. news, Vice Chairman William H. Heyman sold 1,000 shares of The Travelers Cos. stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $113.75, for a total value of $113,750.00. Following the completion of the sale, the insider now directly owns 229,254 shares of the company’s stock, valued at approximately $26,077,642.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Philip T. Ruegger III bought 2,000 shares of the stock in a transaction on Wednesday, November 9th. The stock was purchased at an average cost of $107.19 per share, with a total value of $214,380.00. Following the completion of the purchase, the director now directly owns 22,443 shares in the company, valued at approximately $2,405,665.17. The disclosure for this purchase can be found here. 1.34% of the stock is currently owned by company 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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