Martingale Asset Management L P raised its position in Travelers Companies Inc (NYSE:TRV) by 7.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 305,419 shares of the insurance provider’s stock after purchasing an additional 21,177 shares during the quarter. Martingale Asset Management L P’s holdings in Travelers Companies were worth $41,892,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of TRV. Sontag Advisory LLC acquired a new position in Travelers Companies in the 4th quarter valued at about $27,000. Interactive Financial Advisors acquired a new position in Travelers Companies in the 1st quarter valued at about $27,000. Buffington Mohr McNeal acquired a new position in Travelers Companies in the 1st quarter valued at about $28,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Travelers Companies by 11,730.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 3,495,996 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Travelers Companies by 120.5% in the 4th quarter. Global Retirement Partners LLC now owns 247 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 135 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.
In related news, Vice Chairman William H. Heyman sold 8,138 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 239,745 shares of the company’s stock, valued at approximately $31,303,504.65. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Alan D. Schnitzer sold 66,228 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $132.22, for a total transaction of $8,756,666.16. Following the sale, the chief executive officer now directly owns 134,252 shares in the company, valued at $17,750,799.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 299,026 shares of company stock worth $41,533,619. 0.73% of the stock is owned by insiders.
Shares of TRV stock traded down $0.87 during trading hours on Thursday, hitting $147.09. The company had a trading volume of 6,795 shares, compared to its average volume of 1,257,452. 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 fifty-two week low of $111.08 and a fifty-two week high of $148.85. The firm has a market cap of $38.62 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.34 and a beta of 1.08.
Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share for the quarter, topping the 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 firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.94 billion. During the same period in the prior year, the firm earned $2.46 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, research analysts predict that Travelers Companies Inc will post 11.11 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a dividend of $0.82 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $0.77. This represents a $3.28 annualized dividend and a yield of 2.23%. The ex-dividend date is Friday, June 7th. Travelers Companies’s dividend payout ratio is presently 34.45%.
TRADEMARK VIOLATION WARNING: This article was first reported by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://www.baseballdailydigest.com/news/2019/05/23/travelers-companies-inc-trv-holdings-boosted-by-martingale-asset-management-l-p.html.
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.
Recommended Story: Cost of Equity For A Business, Investors
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travelers Companies Inc (NYSE:TRV).
Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.