Travelers Companies Inc (TRV) Shares Bought by IFG Advisory LLC
IFG Advisory LLC raised its position in Travelers Companies Inc (NYSE:TRV) by 15.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,552 shares of the insurance provider’s stock after buying an additional 473 shares during the period. IFG Advisory LLC’s holdings in Travelers Companies were worth $460,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of TRV. Squar Milner Financial Services LLC acquired a new stake in Travelers Companies in the 2nd quarter worth about $100,000. Landaas & Co. WI ADV acquired a new stake in Travelers Companies in the 2nd quarter worth about $108,000. Acadian Asset Management LLC acquired a new stake in Travelers Companies in the 2nd quarter worth about $112,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Travelers Companies in the 2nd quarter worth about $129,000. Finally, ELM Advisors LLC acquired a new stake in Travelers Companies in the 3rd quarter worth about $130,000. Institutional investors own 79.33% of the company’s stock.
Several research analysts have recently weighed in on the company. TheStreet cut Travelers Companies from a “b” rating to a “c+” rating in a report on Thursday, July 19th. MKM Partners lowered their target price on Travelers Companies to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 24th. Zacks Investment Research cut Travelers Companies from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. B. Riley boosted their target price on Travelers Companies from $118.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Finally, Citigroup boosted their target price on Travelers Companies from $144.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $136.36.
Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 18th. The insurance provider reported $2.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.26 by $0.28. The firm had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.83 billion. Travelers Companies had a net margin of 8.18% and a return on equity of 10.86%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. As a group, analysts expect that Travelers Companies Inc will post 9.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 10th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, December 7th. Travelers Companies’s payout ratio is presently 42.31%.
In other news, EVP Andy F. Bessette sold 8,892 shares of Travelers Companies stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $130.78, for a total transaction of $1,162,895.76. Following the sale, the executive vice president now owns 10,551 shares of the company’s stock, valued at approximately $1,379,859.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Jay S. Benet sold 8,876 shares of Travelers Companies stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the sale, the insider now directly owns 94,176 shares in the company, valued at approximately $12,431,232. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.
About Travelers Companies
The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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