Travelers Companies Inc (TRV) Position Boosted by Vident Investment Advisory LLC
Vident Investment Advisory LLC increased its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 39.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,531 shares of the insurance provider’s stock after buying an additional 7,515 shares during the quarter. Vident Investment Advisory LLC’s holdings in Travelers Companies were worth $3,251,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capital Returns Management LLC purchased a new position in Travelers Companies during the third quarter worth about $29,895,000. First Allied Advisory Services Inc. lifted its position in Travelers Companies by 2.2% during the third quarter. First Allied Advisory Services Inc. now owns 19,025 shares of the insurance provider’s stock worth $2,339,000 after buying an additional 411 shares during the period. Segall Bryant & Hamill LLC lifted its position in Travelers Companies by 16.5% during the third quarter. Segall Bryant & Hamill LLC now owns 4,502 shares of the insurance provider’s stock worth $552,000 after buying an additional 638 shares during the period. Psagot Investment House Ltd. lifted its position in Travelers Companies by 14.6% during the third quarter. Psagot Investment House Ltd. now owns 11,002 shares of the insurance provider’s stock worth $1,348,000 after buying an additional 1,400 shares during the period. Finally, AMP Capital Investors Ltd lifted its position in Travelers Companies by 1.0% during the third quarter. AMP Capital Investors Ltd now owns 242,491 shares of the insurance provider’s stock worth $29,711,000 after buying an additional 2,285 shares during the period. Hedge funds and other institutional investors own 78.52% of the company’s stock.
In other news, EVP Maria Olivo sold 33,225 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $134.18, for a total value of $4,458,130.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 20,077 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $130.68, for a total value of $2,623,662.36. Following the completion of the sale, the executive vice president now owns 21,619 shares of the company’s stock, valued at approximately $2,825,170.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,302 shares of company stock valued at $7,347,753. Insiders own 0.82% of the company’s stock.
Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The company had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter last year, the business posted $2.40 EPS. Travelers Companies’s quarterly revenue was up 4.2% compared to the same quarter last year. research analysts expect that Travelers Companies Inc will post 6.76 EPS for the current fiscal year.
Travelers Companies announced that its Board of Directors has authorized a share repurchase plan on Monday, September 11th that allows the company to buyback shares. This buyback authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be paid a $0.72 dividend. The ex-dividend date is Friday, December 8th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.15%. Travelers Companies’s dividend payout ratio (DPR) is currently 33.45%.
Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Travelers Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. UBS cut their price objective on Travelers Companies from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, September 19th. Argus raised their price objective on Travelers Companies from $139.00 to $145.00 and gave the stock a “positive” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. Wells Fargo & Company set a $125.00 price objective on Travelers Companies and gave the stock a “hold” rating in a report on Tuesday, November 14th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $148.00 price objective on shares of Travelers Companies in a report on Friday. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $132.18.
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Travelers Companies Company Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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