Travelers Companies Inc (TRV) Stake Lowered by Investors Asset Management of Georgia Inc. GA ADV
Investors Asset Management of Georgia Inc. GA ADV trimmed its position in shares of Travelers Companies Inc (NYSE:TRV) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,238 shares of the insurance provider’s stock after selling 75 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Travelers Companies were worth $718,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Sontag Advisory LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at $27,000. Oregon Public Employees Retirement Fund boosted its holdings in Travelers Companies by 11,730.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 3,495,996 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Travelers Companies by 120.5% during the 4th quarter. Global Retirement Partners LLC now owns 247 shares of the insurance provider’s stock valued at $30,000 after buying an additional 135 shares during the last quarter. Clarfeld Financial Advisors LLC purchased a new position in shares of Travelers Companies during the 4th quarter valued at approximately $31,000. Finally, Transamerica Financial Advisors Inc. boosted its stake in shares of Travelers Companies by 401.5% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 331 shares of the insurance provider’s stock valued at $40,000 after buying an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.
In other Travelers Companies news, Vice Chairman William H. Heyman sold 8,323 shares of the stock in a transaction on Friday, January 25th. The stock was sold at an average price of $125.54, for a total value of $1,044,869.42. Following the sale, the insider now directly owns 239,744 shares of the company’s stock, valued at $30,097,461.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Alan D. Schnitzer sold 66,228 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $132.22, for a total value of $8,756,666.16. Following the completion of the sale, the chief executive officer now directly owns 134,252 shares in the company, valued at $17,750,799.44. The disclosure for this sale can be found here. Insiders sold 118,894 shares of company stock worth $15,566,097 over the last ninety days. 0.80% of the stock is owned by corporate insiders.
Travelers Companies (NYSE:TRV) last issued its earnings results on Tuesday, January 22nd. The insurance provider reported $2.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.15. Travelers Companies had a return on equity of 10.69% and a net margin of 8.32%. The firm had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period last year, the company earned $2.28 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, research analysts forecast that Travelers Companies Inc will post 11.11 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 2.26%. The ex-dividend date was Friday, March 8th. Travelers Companies’s dividend payout ratio is presently 34.45%.
Several research firms recently issued reports on TRV. Barclays upped their price target on Travelers Companies from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. UBS Group upped their price target on Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Zacks Investment Research lowered Travelers Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Credit Suisse Group reissued a “hold” rating and set a $141.00 price target on shares of Travelers Companies in a research report on Thursday, December 20th. Finally, Wells Fargo & Co set a $130.00 price target on Travelers Companies and gave the company a “hold” rating in a research report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $139.00.
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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