Psagot Investment House Ltd. Has $1.35 Million Position in Travelers Companies Inc (TRV)

Psagot Investment House Ltd. increased its stake in shares of Travelers Companies Inc (NYSE:TRV) by 14.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,002 shares of the insurance provider’s stock after buying an additional 1,400 shares during the quarter. Psagot Investment House Ltd.’s holdings in Travelers Companies were worth $1,348,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TRV. Bremer Trust National Association lifted its stake in Travelers Companies by 1.5% during the second quarter. Bremer Trust National Association now owns 4,741 shares of the insurance provider’s stock worth $600,000 after purchasing an additional 72 shares during the last quarter. Burns J W & Co. Inc. NY lifted its stake in Travelers Companies by 2.4% during the second quarter. Burns J W & Co. Inc. NY now owns 3,417 shares of the insurance provider’s stock worth $432,000 after purchasing an additional 80 shares during the last quarter. Capital One National Association lifted its stake in Travelers Companies by 5.3% during the second quarter. Capital One National Association now owns 71,342 shares of the insurance provider’s stock worth $9,027,000 after purchasing an additional 3,602 shares during the last quarter. Dynamic Advisors Solutions LLC lifted its stake in Travelers Companies by 14.5% during the second quarter. Dynamic Advisors Solutions LLC now owns 3,310 shares of the insurance provider’s stock worth $419,000 after purchasing an additional 420 shares during the last quarter. Finally, Atria Investments LLC lifted its stake in Travelers Companies by 2.9% during the second quarter. Atria Investments LLC now owns 22,690 shares of the insurance provider’s stock worth $2,871,000 after purchasing an additional 630 shares during the last quarter. 78.52% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on TRV shares. Royal Bank Of Canada restated a “buy” rating and set a $135.00 target price on shares of Travelers Companies in a research note on Monday, August 21st. Citigroup cut their target price on Travelers Companies from $142.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, October 2nd. Credit Suisse Group cut their target price on Travelers Companies from $128.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, September 12th. Zacks Investment Research upgraded Travelers Companies from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Finally, ValuEngine upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $131.71.

In related news, EVP Maria Olivo sold 33,225 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $134.18, for a total value of $4,458,130.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 20,077 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $130.68, for a total value of $2,623,662.36. Following the completion of the sale, the executive vice president now owns 21,619 shares of the company’s stock, valued at $2,825,170.92. The disclosure for this sale can be found here. Insiders sold 55,302 shares of company stock valued at $7,347,753 over the last 90 days. 0.82% of the stock is currently owned by company insiders.

Shares of Travelers Companies Inc (NYSE:TRV) traded up $0.04 on Thursday, hitting $135.36. The stock had a trading volume of 1,044,700 shares, compared to its average volume of 1,498,635. Travelers Companies Inc has a one year low of $113.76 and a one year high of $137.95. The company has a market cap of $37,036.53, a PE ratio of 16.52, a price-to-earnings-growth ratio of 2.67 and a beta of 1.25. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($1.19). Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The firm had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the company posted $2.40 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. research analysts anticipate that Travelers Companies Inc will post 6.76 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders 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 dividend yield of 2.13%. The ex-dividend date is Friday, December 8th. Travelers Companies’s payout ratio is 33.45%.

Travelers Companies announced that its board has authorized a share buyback plan on Monday, September 11th that authorizes the company to repurchase shares. This repurchase authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

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Travelers Companies Company 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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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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