Cobblestone Capital Advisors LLC NY grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 23.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,151 shares of the insurance provider’s stock after acquiring an additional 600 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in The Travelers Companies were worth $386,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in TRV. Hotchkis & Wiley Capital Management LLC boosted its position in The Travelers Companies by 19.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,446,907 shares of the insurance provider’s stock worth $294,950,000 after acquiring an additional 391,807 shares during the last quarter. FDO Partners LLC acquired a new position in The Travelers Companies during the 1st quarter worth approximately $3,013,000. WINTON GROUP Ltd boosted its position in The Travelers Companies by 191.6% during the 1st quarter. WINTON GROUP Ltd now owns 695,246 shares of the insurance provider’s stock worth $79,640,000 after acquiring an additional 456,814 shares during the last quarter. SNS Financial Group LLC acquired a new position in The Travelers Companies during the 1st quarter worth approximately $337,000. Finally, Accident Compensation Corp boosted its position in The Travelers Companies by 5.1% during the 1st quarter. Accident Compensation Corp now owns 102,430 shares of the insurance provider’s stock worth $12,347,000 after acquiring an additional 5,000 shares during the last quarter. 77.63% of the stock is owned by hedge funds and other institutional investors.
The Travelers Companies, Inc. (NYSE:TRV) traded up $1.01 on Monday, reaching $135.54. The company had a trading volume of 2,107,100 shares, compared to its average volume of 1,481,086. The Travelers Companies, Inc. has a twelve month low of $109.10 and a twelve month high of $135.71. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.29. The company has a market cap of $36,510.00, a PE ratio of 16.55, a PEG ratio of 2.50 and a beta of 1.26.
The Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The business had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the company posted $2.40 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. analysts predict that The Travelers Companies, Inc. will post 7.23 earnings per share for the current year.
The Travelers Companies declared that its Board of Directors has approved a share repurchase plan on Monday, September 11th that permits the company to repurchase outstanding shares. This repurchase authorization permits the insurance provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Friday, December 8th. The Travelers Companies’s dividend payout ratio (DPR) is presently 33.29%.
A number of equities analysts have weighed in on the company. B. Riley reaffirmed a “neutral” rating on shares of The Travelers Companies in a research report on Monday, November 6th. Argus upped their price target on The Travelers Companies from $139.00 to $145.00 and gave the stock a “positive” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Morgan Stanley upped their price target on The Travelers Companies from $119.00 to $124.00 and gave the stock an “underweight” rating in a research report on Friday, October 20th. Citigroup Inc. upped their price target on The Travelers Companies from $143.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Royal Bank Of Canada upped their price target on The Travelers Companies to $140.00 and gave the stock an “outperform” rating in a research report on Friday, October 20th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. The Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $128.54.
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The Travelers Companies Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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