3 days Ago By ABMN Staff
LPL Financial LLC raised its position in shares of The Travelers Companies, Inc. ( NYSE:TRV – Free Report ) by 7.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 177,528 shares of the insurance provider’s stock after buying an additional 12,190 shares during the period. LPL Financial LLC’s holdings in Travelers Companies were worth $36,099,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors have also modified their holdings of the company.
Evernest Financial Advisors LLC boosted its position in shares of Travelers Companies by 17.4% during the second quarter. Evernest Financial Advisors LLC now owns 2,666 shares of the insurance provider’s stock worth $542,000 after buying an additional 395 shares during the period.
AGF Management Ltd. boosted its holdings in Travelers Companies by 6.2% in the second quarter.
AGF Management Ltd. now owns 11,005 shares of the insurance provider’s stock valued at $2,238,000 after purchasing an additional 639 shares during the period. Steigerwald Gordon & Koch Inc.
boosted its holdings in Travelers Companies by 1.7% in the second quarter. Steigerwald Gordon & Koch Inc.
now owns 94,638 shares of the insurance provider’s stock valued at $19,244,000 after purchasing an additional 1,603 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Travelers Companies by 3.
6% in the second quarter. Daiwa Securities Group Inc. now owns 100,882 shares of the insurance provider’s stock valued at $20,513,000 after purchasing an additional 3,497 shares during the period.
Finally, Andra AP fonden purchased a new position in Travelers Companies in the second quarter valued at $2,623,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.
Travelers Companies Price Performance Shares of NYSE:TRV opened at $237.83 on Monday. The business’s 50 day simple moving average is $218.
12 and its 200-day simple moving average is $216.82. The firm has a market capitalization of $54.
21 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.
62. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.
33 and a quick ratio of 0.33. The Travelers Companies, Inc.
has a 12 month low of $157.33 and a 12 month high of $242.89.
Travelers Companies Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a dividend of $1.05 per share.
The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.
77%. Travelers Companies’s dividend payout ratio is currently 31.20%.
Analyst Ratings Changes A number of research analysts recently issued reports on the company. Barclays assumed coverage on Travelers Companies in a report on Wednesday, September 4th. They issued an “overweight” rating and a $286.
00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 target price on shares of Travelers Companies in a research report on Monday, July 22nd.
William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. JPMorgan Chase & Co. lifted their target price on Travelers Companies from $220.
00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Finally, Morgan Stanley cut their target price on Travelers Companies from $220.
00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company.
According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $227.05.
View Our Latest Stock Report on TRV Insider Buying and Selling In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.
00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,820,409.12.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Insiders own 1.33% of the company’s stock.
Travelers Companies Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. ( NYSE:TRV – Free Report ). Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.
com's FREE daily email newsletter ..
