Cobiz Wealth LLC raised its stake in Travelers Companies Inc (NYSE:TRV) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,067 shares of the insurance provider’s stock after buying an additional 441 shares during the period. Cobiz Wealth LLC’s holdings in Travelers Companies were worth $5,324,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Sontag Advisory LLC purchased a new position in shares of Travelers Companies during the 4th quarter valued at $27,000. Oregon Public Employees Retirement Fund grew its holdings in shares of Travelers Companies by 11,730.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 3,495,996 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Travelers Companies by 120.5% during the 4th quarter. Global Retirement Partners LLC now owns 247 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 135 shares in the last quarter. Clarfeld Financial Advisors LLC purchased a new position in shares of Travelers Companies during the 4th quarter valued at $31,000. Finally, Transamerica Financial Advisors Inc. grew its holdings in shares of Travelers Companies by 401.5% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 331 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 265 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on the stock. Royal Bank of Canada set a $145.00 price target on shares of Travelers Companies and gave the company a “neutral” rating in a report on Wednesday, April 24th. UBS Group upped their price objective on shares of Travelers Companies from $129.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Credit Suisse Group reiterated a “neutral” rating on shares of Travelers Companies in a report on Wednesday, January 23rd. Barclays upped their price objective 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, Zacks Investment Research cut shares of Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. Travelers Companies presently has a consensus rating of “Hold” and an average target price of $140.58.
Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.76 by $0.07. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. The company had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.94 billion. During the same period in the prior year, the company earned $2.46 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that Travelers Companies Inc will post 11.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.29%. This is a boost from Travelers Companies’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Friday, June 7th. Travelers Companies’s dividend payout ratio is 34.45%.
In other news, Vice Chairman William H. Heyman sold 12,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $143.00, for a total transaction of $1,787,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 8,138 shares of the company’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $130.57, for a total transaction of $1,062,578.66. Following the transaction, the insider now directly owns 239,745 shares of the company’s stock, valued at approximately $31,303,504.65. The disclosure for this sale can be found here. Insiders have sold 200,581 shares of company stock valued at $27,017,867 over the last 90 days. Corporate insiders own 0.73% of the company’s stock.
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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