Essex Financial Services Inc. raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 14.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,414 shares of the insurance provider’s stock after purchasing an additional 964 shares during the period. Essex Financial Services Inc.’s holdings in Travelers Companies were worth $1,786,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of TRV. FMR LLC grew its position in Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after acquiring an additional 1,568,909 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Travelers Companies by 23,378.8% in the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after purchasing an additional 518,075 shares during the last quarter. Bank of Montreal Can boosted its holdings in Travelers Companies by 66.9% in the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock worth $166,645,000 after purchasing an additional 282,884 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Travelers Companies during the third quarter worth $54,988,000. Finally, Janus Henderson Group PLC increased its position in Travelers Companies by 216.3% during the third quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock worth $79,582,000 after buying an additional 232,428 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.
Travelers Companies Stock Performance
Shares of NYSE TRV opened at $242.37 on Wednesday. The firm has a market capitalization of $55.02 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.08 and a beta of 0.64. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55. The business has a fifty day simple moving average of $244.40 and a 200 day simple moving average of $240.24. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.
Travelers Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.
Insider Activity
In other news, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on TRV. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a research note on Thursday, November 21st. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Tuesday, December 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Finally, BMO Capital Markets lifted their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $260.47.
Get Our Latest Analysis on TRV
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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