Marathon Asset Management LLP raised its position in Travelers Companies Inc (NYSE:TRV) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,474,705 shares of the insurance provider’s stock after buying an additional 99,117 shares during the quarter. Travelers Companies comprises about 2.6% of Marathon Asset Management LLP’s portfolio, making the stock its 5th largest position. Marathon Asset Management LLP owned about 0.56% of Travelers Companies worth $176,593,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in TRV. Northwest Bancshares Inc. raised its holdings in Travelers Companies by 10.5% during the third quarter. Northwest Bancshares Inc. now owns 13,459 shares of the insurance provider’s stock worth $1,746,000 after buying an additional 1,284 shares during the last quarter. Fulton Bank N.A. raised its holdings in Travelers Companies by 8.7% during the third quarter. Fulton Bank N.A. now owns 6,662 shares of the insurance provider’s stock worth $864,000 after buying an additional 534 shares during the last quarter. ELM Advisors LLC bought a new stake in shares of Travelers Companies in the 3rd quarter worth $130,000. Atria Investments LLC grew its stake in shares of Travelers Companies by 2.9% in the 3rd quarter. Atria Investments LLC now owns 27,770 shares of the insurance provider’s stock worth $3,602,000 after acquiring an additional 787 shares in the last quarter. Finally, We Are One Seven LLC bought a new stake in shares of Travelers Companies in the 3rd quarter worth $638,000. 79.62% of the stock is currently owned by hedge funds and other institutional investors.
In other Travelers Companies news, Vice Chairman William H. Heyman sold 8,323 shares of the firm’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $125.54, for a total transaction of $1,044,869.42. Following the completion of the transaction, the insider now owns 239,744 shares of the company’s stock, valued at $30,097,461.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gregory C. Toczydlowski sold 23,405 shares of Travelers Companies stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $128.52, for a total value of $3,008,010.60. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.
Shares of NYSE TRV opened at $129.82 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29. Travelers Companies Inc has a one year low of $111.08 and a one year high of $143.41. The company has a market cap of $34.00 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05.
Travelers Companies (NYSE:TRV) last issued its earnings results on Tuesday, January 22nd. The insurance provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.15. The firm had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $6.92 billion. Travelers Companies had a net margin of 8.32% and a return on equity of 10.69%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business earned $2.28 earnings per share. As a group, sell-side analysts predict that Travelers Companies Inc will post 11.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 11th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, March 8th. Travelers Companies’s dividend payout ratio (DPR) is currently 34.45%.
Several research firms have recently issued reports on TRV. Compass Point started coverage on shares of Travelers Companies in a research note on Tuesday, January 15th. They issued a “buy” rating and a $155.00 target price for the company. Barclays upgraded shares of Travelers Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $135.00 to $145.00 in a research report on Wednesday, January 9th. Zacks Investment Research restated a “sell” rating on shares of Travelers Companies in a research report on Monday, December 31st. Credit Suisse Group reiterated a “hold” rating and set a $141.00 target price on shares of Travelers Companies in a research report on Thursday, December 20th. Finally, Wells Fargo & Co set a $130.00 target price on shares of Travelers Companies and gave the stock a “hold” rating in a research report on Wednesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $138.33.
Travelers Companies Company Profile
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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