Cetera Advisor Networks LLC cut its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,993 shares of the insurance provider’s stock after selling 826 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Travelers Companies were worth $960,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TRV. WMS Partners LLC increased its stake in Travelers Companies by 66.3% during the fourth quarter. WMS Partners LLC now owns 3,927 shares of the insurance provider’s stock worth $470,000 after acquiring an additional 1,566 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in Travelers Companies by 1.0% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 12,116 shares of the insurance provider’s stock worth $1,451,000 after acquiring an additional 123 shares during the last quarter. National Pension Service increased its stake in Travelers Companies by 5.6% during the fourth quarter. National Pension Service now owns 287,818 shares of the insurance provider’s stock worth $36,533,000 after acquiring an additional 15,270 shares during the last quarter. Legal & General Group Plc increased its stake in Travelers Companies by 7.8% during the fourth quarter. Legal & General Group Plc now owns 1,614,401 shares of the insurance provider’s stock worth $193,240,000 after acquiring an additional 116,635 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Travelers Companies by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 11,813 shares of the insurance provider’s stock worth $1,415,000 after acquiring an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.
Shares of TRV stock traded up $3.06 during trading hours on Friday, reaching $138.93. The company had a trading volume of 2,199,201 shares, compared to its average volume of 1,266,112. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 0.38. Travelers Companies Inc has a twelve month low of $111.08 and a twelve month high of $141.52. The firm has a market cap of $36.39 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 1.07 and a beta of 1.07.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Friday, June 7th. This is a positive change from Travelers Companies’s previous quarterly dividend of $0.77. Travelers Companies’s dividend payout ratio (DPR) is 34.45%.
In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $133.55, for a total transaction of $467,425.00. Following the completion of the sale, the insider now owns 243,245 shares in the company, valued at approximately $32,485,369.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 8,323 shares of the firm’s stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $125.54, for a total value of $1,044,869.42. Following the sale, the insider now owns 239,744 shares of the company’s stock, valued at approximately $30,097,461.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,894 shares of company stock valued at $15,566,097. 0.73% of the stock is owned by insiders.
Several brokerages have commented on TRV. Barclays upped their price target on Travelers Companies from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. UBS Group upped their price target on Travelers Companies from $129.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Zacks Investment Research lowered Travelers Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Royal Bank of Canada reiterated a “neutral” rating and issued a $145.00 target price on shares of Travelers Companies in a research note on Thursday. Finally, Wells Fargo & Co set a $130.00 target price on Travelers Companies and gave the company a “hold” rating in a research note on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $139.92.
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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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