Parametric Portfolio Associates LLC trimmed its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 0.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,521,488 shares of the insurance provider’s stock after selling 6,957 shares during the period. Parametric Portfolio Associates LLC’s holdings in Travelers Companies were worth $208,687,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc raised its stake in Travelers Companies by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 22,074,825 shares of the insurance provider’s stock valued at $2,863,326,000 after purchasing an additional 65,931 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Travelers Companies by 0.9% during the 4th quarter. BlackRock Inc. now owns 21,075,932 shares of the insurance provider’s stock worth $2,523,843,000 after purchasing an additional 190,871 shares during the period. Bank of America Corp DE grew its holdings in shares of Travelers Companies by 4.5% during the 4th quarter. Bank of America Corp DE now owns 3,717,965 shares of the insurance provider’s stock worth $445,226,000 after purchasing an additional 159,502 shares during the period. Northern Trust Corp grew its holdings in shares of Travelers Companies by 1.7% during the 4th quarter. Northern Trust Corp now owns 3,566,973 shares of the insurance provider’s stock worth $427,144,000 after purchasing an additional 60,000 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Travelers Companies by 11,730.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 3,495,996 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.
TRV stock opened at $147.13 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. The stock has a market capitalization of $38.48 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.34 and a beta of 1.08. Travelers Companies Inc has a 1 year low of $111.08 and a 1 year high of $148.85.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.94 billion. Travelers Companies had a return on equity of 10.86% and a net margin of 8.64%. Travelers Companies’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.46 EPS. Equities analysts forecast that Travelers Companies Inc will post 11.11 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a $0.82 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.28 dividend on an annualized basis and a yield of 2.23%. This is a positive change from Travelers Companies’s previous quarterly dividend of $0.77. Travelers Companies’s dividend payout ratio (DPR) is currently 34.45%.
In other news, Vice Chairman William H. Heyman sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $133.55, for a total transaction of $467,425.00. Following the sale, the insider now owns 243,245 shares of the company’s stock, valued at approximately $32,485,369.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $147.75, for a total value of $1,477,500.00. Following the sale, the insider now directly owns 247,245 shares in the company, valued at approximately $36,530,448.75. The disclosure for this sale can be found here. Insiders sold a total of 286,038 shares of company stock worth $39,834,429 in the last ninety days. 0.73% of the stock is owned by corporate insiders.
A number of equities analysts recently commented on TRV shares. Zacks Investment Research upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $151.00 target price for the company in a report on Tuesday, March 26th. Royal Bank of Canada set a $145.00 target price on Travelers Companies and gave the company a “neutral” rating in a report on Wednesday, April 24th. MKM Partners raised their target price on Travelers Companies to $140.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. UBS Group raised their target price on Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Finally, Barclays raised their target price on Travelers Companies from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. Travelers Companies currently has a consensus rating of “Hold” and an average price target of $141.42.
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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