12 hours Ago By ABMN Staff
Meiji Yasuda Asset Management Co Ltd. increased its stake in The Travelers Companies, Inc. ( NYSE:TRV – Free Report ) by 4.
4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 11,341 shares of the insurance provider’s stock after purchasing an additional 474 shares during the quarter.
Meiji Yasuda Asset Management Co Ltd.’s holdings in Travelers Companies were worth $2,306,000 as of its most recent SEC filing. Several other hedge funds have also modified their holdings of TRV.
Nordea Investment Management AB grew its position in Travelers Companies by 38.7% in the first quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock valued at $78,689,000 after acquiring an additional 95,451 shares in the last quarter.
Focus Financial Network Inc. ADV acquired a new position in Travelers Companies in the 4th quarter worth $1,973,000. Cetera Investment Advisers boosted its position in Travelers Companies by 356.
3% in the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock valued at $10,481,000 after buying an additional 35,560 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Travelers Companies by 100.
9% during the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after acquiring an additional 25,575 shares in the last quarter. Finally, Bank of Nova Scotia increased its position in shares of Travelers Companies by 552.
8% during the fourth quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock worth $31,631,000 after acquiring an additional 140,622 shares during the last quarter. 82.
45% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price Targets A number of equities research analysts have weighed in on the company. Bank of America raised their price objective on Travelers Companies from $202.
00 to $223.00 and gave the company an “underperform” rating in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Travelers Companies from $221.
00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Morgan Stanley dropped their price target on shares of Travelers Companies from $220.
00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Barclays began coverage on shares of Travelers Companies in a research note on Wednesday, September 4th.
They set an “overweight” rating and a $286.00 price objective on the stock. Finally, JPMorgan Chase & Co.
boosted their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th.
Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $227.05.
Travelers Companies Price Performance Shares of NYSE TRV opened at $239.72 on Thursday. 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 firm has a market capitalization of $54.89 billion, a PE ratio of 17.81, a P/E/G ratio of 1.
22 and a beta of 0.62. The Travelers Companies, Inc.
has a 1-year low of $157.33 and a 1-year high of $243.48.
The business’s fifty day moving average price is $220.31 and its two-hundred day moving average price is $217.29.
Travelers Companies ( NYSE:TRV – Get Free Report ) last released its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.
23 by ($0.72). The firm had revenue of $11.
28 billion during the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a return on equity of 15.
90% and a net margin of 8.37%. The firm’s revenue was up 11.
7% on a year-over-year basis. During the same period last year, the business earned $0.06 EPS.
On average, research analysts expect that The Travelers Companies, Inc. will post 17.19 EPS for the current year.
Travelers Companies Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $1.05 per share.
The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.
75%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.
Insider Activity In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.
00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Corporate insiders own 1.33% of the company’s stock.
About Travelers Companies ( 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. See Also 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.
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