Travelers Companies Inc (TRV) Holdings Boosted by Martingale Asset Management L P

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.

Several equities analysts have recently commented on TRV shares. MKM Partners upped their price objective on shares of Travelers Companies to $140.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Credit Suisse Group restated a “neutral” rating on shares of Travelers Companies in a report on Wednesday, January 23rd. Royal Bank of Canada set a $145.00 price objective on shares of Travelers Companies and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Wells Fargo & Co set a $130.00 price objective on shares of Travelers Companies and gave the stock a “hold” rating in a report on Wednesday, January 23rd. Finally, Morgan Stanley upped their price objective on shares of Travelers Companies from $119.00 to $130.00 and gave the stock an “underweight” rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Travelers Companies currently has an average rating of “Hold” and an average price target of $141.42.

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%.

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

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