WMS Partners LLC raised its stake in shares of Travelers Companies Inc (NYSE:TRV) by 66.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,927 shares of the insurance provider’s stock after purchasing an additional 1,566 shares during the period. WMS Partners LLC’s holdings in Travelers Companies were worth $470,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in TRV. YorkBridge Wealth Partners LLC raised its holdings in Travelers Companies by 1.0% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 12,116 shares of the insurance provider’s stock valued at $1,451,000 after acquiring an additional 123 shares during the period. National Pension Service raised its holdings in Travelers Companies by 5.6% during the 4th quarter. National Pension Service now owns 287,818 shares of the insurance provider’s stock valued at $36,533,000 after acquiring an additional 15,270 shares during the period. Legal & General Group Plc raised its holdings in Travelers Companies by 7.8% during the 4th quarter. Legal & General Group Plc now owns 1,614,401 shares of the insurance provider’s stock valued at $193,240,000 after acquiring an additional 116,635 shares during the period. Thrivent Financial for Lutherans raised its holdings in Travelers Companies by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 11,813 shares of the insurance provider’s stock valued at $1,415,000 after acquiring an additional 208 shares during the period. Finally, Voloridge Investment Management LLC bought a new stake in Travelers Companies during the 4th quarter valued at $11,271,000. Institutional investors and hedge funds own 80.29% of the company’s stock.
TRV traded down $0.93 during trading on Monday, reaching $136.79. The stock had a trading volume of 707,680 shares, compared to its average volume of 1,393,619. The stock has a market cap of $35.69 billion, a PE ratio of 15.30, a P/E/G ratio of 1.05 and a beta of 1.07. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29. Travelers Companies Inc has a one year low of $111.08 and a one year high of $138.99.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $3.08 annualized dividend and a yield of 2.25%. Travelers Companies’s payout ratio is 34.45%.
In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 23,405 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $128.52, for a total transaction of $3,008,010.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 8,323 shares of the company’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $125.54, for a total transaction of $1,044,869.42. Following the sale, the insider now owns 239,744 shares of the company’s stock, valued at $30,097,461.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,894 shares of company stock valued at $15,566,097. Company insiders own 0.80% of the company’s stock.
TRV has been the topic of several research analyst reports. Credit Suisse Group reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Wednesday, January 23rd. Zacks Investment Research raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $151.00 price target on the stock in a report on Tuesday, March 26th. Morgan Stanley decreased their price target on shares of Travelers Companies from $126.00 to $119.00 and set an “underweight” rating on the stock in a report on Thursday, January 3rd. Barclays upped their price target on shares of Travelers Companies from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Finally, Wells Fargo & Co set a $130.00 price target on shares of Travelers Companies and gave the stock a “hold” rating in a report on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $139.00.
Travelers Companies 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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