Moody Lynn & Lieberson LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 33.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,904 shares of the insurance provider’s stock after selling 36,111 shares during the period. Moody Lynn & Lieberson LLC’s holdings in The Travelers Companies were worth $8,810,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in TRV. CWM LLC increased its stake in The Travelers Companies by 4.9% in the second quarter. CWM LLC now owns 794 shares of the insurance provider’s stock valued at $100,000 after purchasing an additional 37 shares during the last quarter. Tradewinds Capital Management LLC increased its stake in The Travelers Companies by 1.1% in the second quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 10 shares during the last quarter. Intellectus Partners LLC increased its stake in The Travelers Companies by 4.6% in the second quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock valued at $118,000 after purchasing an additional 41 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its stake in The Travelers Companies by 3.6% in the second quarter. Thompson Siegel & Walmsley LLC now owns 995 shares of the insurance provider’s stock valued at $126,000 after purchasing an additional 35 shares during the last quarter. Finally, Omnia Family Wealth LLC increased its stake in The Travelers Companies by 4.7% in the second quarter. Omnia Family Wealth LLC now owns 1,015 shares of the insurance provider’s stock valued at $128,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 77.63% of the company’s stock.
Several equities research analysts have recently weighed in on the company. B. Riley reissued a “neutral” rating on shares of The Travelers Companies in a report on Monday, November 6th. UBS AG increased their price objective on The Travelers Companies from $131.00 to $139.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Zacks Investment Research raised The Travelers Companies from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Argus increased their price objective on The Travelers Companies from $139.00 to $145.00 and gave the company a “positive” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. Finally, Royal Bank Of Canada increased their price objective on The Travelers Companies to $140.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $128.54.
The Travelers Companies, Inc. (TRV) traded up $1.01 during trading on Monday, reaching $135.54. The company’s stock had a trading volume of 2,107,100 shares, compared to its average volume of 1,481,086. The Travelers Companies, Inc. has a 12 month low of $109.10 and a 12 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 firm has a market capitalization of $36,510.00, a P/E ratio of 16.55, a P/E/G ratio of 2.50 and a beta of 1.26.
The Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 19th. The insurance provider reported $0.91 EPS 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 analyst estimates of $6.46 billion. During the same period last year, the business posted $2.40 EPS. The Travelers Companies’s revenue was up 4.2% compared to the same quarter last year. equities analysts anticipate that The Travelers Companies, Inc. will post 7.23 EPS for the current fiscal year.
The Travelers Companies announced that its board has approved a share repurchase plan on Monday, September 11th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be issued 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 currently 33.29%.
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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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