Sigma Planning Corp Has $1.33 Million Holdings in Travelers Companies Inc (TRV)
Sigma Planning Corp boosted its position in shares of Travelers Companies Inc (NYSE:TRV) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,818 shares of the insurance provider’s stock after purchasing an additional 834 shares during the period. Sigma Planning Corp’s holdings in Travelers Companies were worth $1,332,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of TRV. Field & Main Bank purchased a new position in Travelers Companies during the fourth quarter worth about $102,000. Fieldpoint Private Securities LLC purchased a new position in Travelers Companies during the third quarter worth about $106,000. Valeo Financial Advisors LLC purchased a new position in Travelers Companies during the third quarter worth about $108,000. Security National Trust Co. raised its stake in Travelers Companies by 260.9% during the third quarter. Security National Trust Co. now owns 1,043 shares of the insurance provider’s stock worth $128,000 after purchasing an additional 754 shares during the period. Finally, Grove Bank & Trust raised its stake in Travelers Companies by 390.2% during the third quarter. Grove Bank & Trust now owns 1,098 shares of the insurance provider’s stock worth $135,000 after purchasing an additional 874 shares during the period. 78.59% of the stock is currently owned by institutional investors.
Shares of Travelers Companies Inc (NYSE:TRV) opened at $136.51 on Tuesday. The stock has a market cap of $37,203.51, a P/E ratio of 18.90, a PEG ratio of 1.83 and a beta of 1.26. Travelers Companies Inc has a 52 week low of $113.76 and a 52 week high of $150.55. The company has a quick ratio of 0.41, a current ratio of 0.39 and a debt-to-equity ratio of 0.28.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Thursday, March 8th. Travelers Companies’s dividend payout ratio (DPR) is currently 39.40%.
Travelers Companies declared that its Board of Directors has authorized a share repurchase plan on Thursday, November 9th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
A number of brokerages have commented on TRV. Atlantic Securities raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 target price on the stock in a research note on Friday, January 26th. Credit Suisse Group lifted their target price on shares of Travelers Companies from $141.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $142.00 target price on shares of Travelers Companies in a research note on Tuesday, January 23rd. Bank of America raised shares of Travelers Companies from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 9th. Finally, Zacks Investment Research raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research note on Friday, January 5th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $135.07.
In related news, COO Brian W. Maclean sold 88,607 shares of Travelers Companies stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $149.29, for a total value of $13,228,139.03. Following the completion of the transaction, the chief operating officer now owns 211,293 shares in the company, valued at $31,543,931.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maria Olivo sold 33,225 shares of Travelers Companies stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $134.18, for a total transaction of $4,458,130.50. The disclosure for this sale can be found here. Insiders sold 181,599 shares of company stock valued at $26,221,541 in the last 90 days. Company insiders own 0.82% of the company’s stock.
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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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