Vantage Investment Partners LLC Raises Stake in The Travelers Cos. (TRV)
Vantage Investment Partners LLC boosted its position in The Travelers Cos. (NYSE:TRV) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 108,964 shares of the company’s stock after buying an additional 4,347 shares during the period. The Travelers Cos. accounts for 1.6% of Vantage Investment Partners LLC’s investment portfolio, making the stock its 17th largest position. Vantage Investment Partners LLC’s holdings in The Travelers Cos. were worth $12,481,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in TRV. Global X Management Co. LLC increased its stake in shares of The Travelers Cos. by 86.8% in the second quarter. Global X Management Co. LLC now owns 977 shares of the company’s stock valued at $116,000 after buying an additional 454 shares during the last quarter. Mycio Wealth Partners LLC increased its stake in shares of The Travelers Cos. by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,062 shares of the company’s stock valued at $126,000 after buying an additional 25 shares during the last quarter. Ledyard National Bank increased its stake in shares of The Travelers Cos. by 5.4% in the second quarter. Ledyard National Bank now owns 1,089 shares of the company’s stock valued at $130,000 after buying an additional 56 shares during the last quarter. Krilogy Financial LLC increased its stake in shares of The Travelers Cos. by 3.8% in the second quarter. Krilogy Financial LLC now owns 1,128 shares of the company’s stock valued at $134,000 after buying an additional 41 shares during the last quarter. Finally, American National Bank increased its stake in shares of The Travelers Cos. by 51.2% in the third quarter. American National Bank now owns 1,157 shares of the company’s stock valued at $133,000 after buying an additional 392 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.
The Travelers Cos. (NYSE:TRV) traded up 0.01% on Wednesday, reaching $113.71. The company had a trading volume of 877,447 shares. The company has a 50-day moving average of $110.74 and a 200 day moving average of $114.37. The stock has a market cap of $32.30 billion, a price-to-earnings ratio of 11.53 and a beta of 1.03. 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 quarterly earnings results on Thursday, October 20th. The company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.13. The company earned $6.96 billion during the quarter, compared to the consensus estimate of $6.37 billion. The Travelers Cos. had a return on equity of 12.11% and a net margin of 10.84%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.93 EPS. On average, equities research analysts predict that The Travelers Cos. will post $9.51 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 9th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $2.68 annualized dividend and a dividend yield of 2.36%. The Travelers Cos.’s dividend payout ratio (DPR) is presently 27.29%.
TRV has been the topic of several analyst reports. Zacks Investment Research upgraded The Travelers Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Barclays PLC restated an “equal weight” rating and set a $109.00 price objective (up from $105.00) on shares of The Travelers Cos. in a report on Saturday, October 1st. Credit Suisse Group AG restated a “hold” rating and set a $111.00 price objective on shares of The Travelers Cos. in a report on Tuesday, August 23rd. William Blair downgraded The Travelers Cos. from a “market perform” rating to an “underperform” rating in a report on Thursday, November 17th. Finally, Citigroup Inc. lifted their price objective on The Travelers Cos. from $117.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, October 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $117.64.
In related news, Director Philip T. Ruegger III purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was bought at an average price of $107.19 per share, for a total transaction of $214,380.00. Following the purchase, the director now owns 22,443 shares in the company, valued at approximately $2,405,665.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $113.75, for a total value of $113,750.00. Following the sale, the insider now owns 229,254 shares of the company’s stock, valued at approximately $26,077,642.50. The disclosure for this sale can be found here. Insiders own 1.34% of the company’s stock.
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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