Coldstream Capital Management Inc. Takes $2.13 Million Position in Travelers Companies Inc (TRV)
Coldstream Capital Management Inc. acquired a new position in shares of Travelers Companies Inc (NYSE:TRV) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,410 shares of the insurance provider’s stock, valued at approximately $2,133,000.
Several other institutional investors have also recently added to or reduced their stakes in TRV. Valeo Financial Advisors LLC bought a new stake in shares of Travelers Companies during the 3rd quarter worth about $108,000. Tradewinds Capital Management LLC boosted its holdings in shares of Travelers Companies by 1.1% during the 2nd quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock worth $115,000 after buying an additional 10 shares during the period. Intellectus Partners LLC boosted its holdings in shares of Travelers Companies by 4.6% during the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock worth $118,000 after buying an additional 41 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Travelers Companies by 3.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock worth $126,000 after buying an additional 35 shares during the period. Finally, Omnia Family Wealth LLC boosted its holdings in shares of Travelers Companies by 4.7% during the 2nd quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock worth $128,000 after buying an additional 46 shares during the period. Institutional investors own 78.67% of the company’s stock.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. UBS reduced their target price on shares of Travelers Companies from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, September 19th. Argus boosted their price objective on shares of Travelers Companies from $139.00 to $145.00 and gave the company 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 shares of Travelers Companies and gave the company a “hold” rating in a report on Tuesday, November 14th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $148.00 price objective on shares of Travelers Companies in a report on Friday, December 8th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $132.01.
Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the consensus estimate of $2.10 by ($1.19). The firm had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.46 billion. Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. Travelers Companies’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.40 earnings per share. research analysts forecast that Travelers Companies Inc will post 6.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 11th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Friday, December 8th. Travelers Companies’s payout ratio is presently 33.45%.
Travelers Companies declared that its Board of Directors has approved a stock repurchase plan on Monday, September 11th that permits the company to repurchase shares. This repurchase authorization permits the insurance provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
In other news, EVP Michael Frederick Klein sold 20,077 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 21,619 shares in the company, valued at approximately $2,825,170.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Andy F. Bessette sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total transaction of $265,960.00. Following the completion of the transaction, the executive vice president now owns 8,000 shares of the company’s stock, valued at $1,063,840. The disclosure for this sale can be found here. Insiders sold a total of 55,302 shares of company stock valued at $7,347,753 over the last 90 days. Corporate insiders own 0.82% of the company’s stock.
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.
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travelers Companies Inc (NYSE:TRV).
Receive News & Stock Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related stocks with our FREE daily email newsletter.