Alps Advisors Inc. bought a new position in The Travelers Cos. (NYSE:TRV) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,844 shares of the company’s stock, valued at approximately $577,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Canandaigua National Bank & Trust Co. boosted its position in The Travelers Cos. by 5.4% in the first quarter. Canandaigua National Bank & Trust Co. now owns 16,298 shares of the company’s stock worth $1,902,000 after buying an additional 834 shares during the period. NN Investment Partners Holdings N.V. bought a new position in The Travelers Cos. during the first quarter worth approximately $6,834,000. Columbia Partners L L C Investment Management boosted its position in The Travelers Cos. by 1.2% in the first quarter. Columbia Partners L L C Investment Management now owns 9,203 shares of the company’s stock worth $1,074,000 after buying an additional 112 shares during the period. Peapack Gladstone Financial Corp boosted its position in The Travelers Cos. by 0.7% in the first quarter. Peapack Gladstone Financial Corp now owns 11,836 shares of the company’s stock worth $1,381,000 after buying an additional 84 shares during the period. Finally, Bristlecone Advisors LLC boosted its position in The Travelers Cos. by 14.6% in the first quarter. Bristlecone Advisors LLC now owns 32,596 shares of the company’s stock worth $3,804,000 after buying an additional 4,160 shares during the period. 80.13% of the stock is owned by hedge funds and other institutional investors.
The Travelers Cos. (NYSE:TRV) traded up 0.60% during mid-day trading on Friday, reaching $114.55. 1,361,208 shares of the company’s stock were exchanged. The stock has a market cap of $33.02 billion, a price-to-earnings ratio of 11.03 and a beta of 1.07. The Travelers Cos. has a one year low of $100.48 and a one year high of $119.32. The stock has a 50-day moving average of $116.49 and a 200-day moving average of $115.16.
The Travelers Cos. (NYSE:TRV) last announced its quarterly earnings data on Thursday, July 21st. The company reported $2.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.19 by $0.05. The Travelers Cos. had a return on equity of 13.06% and a net margin of 11.70%. The firm earned $6.79 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the previous year, the company posted $2.52 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. On average, equities research analysts anticipate that The Travelers Cos. will post $9.51 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were given a $0.67 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $2.68 annualized dividend and a yield of 2.34%. The Travelers Cos.’s payout ratio is currently 25.92%.
A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. BMO Capital Markets reissued a “market perform” rating and issued a $120.00 target price (up previously from $117.00) on shares of The Travelers Cos. in a report on Tuesday, July 12th. RBC Capital Markets reissued an “outperform” rating and issued a $125.00 target price (up previously from $120.00) on shares of The Travelers Cos. in a report on Sunday, July 24th. Credit Suisse Group AG reissued a “hold” rating and issued a $111.00 target price on shares of The Travelers Cos. in a report on Tuesday, August 23rd. Finally, Royal Bank Of Canada increased their target price on shares of The Travelers Cos. from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $116.75.
In other The Travelers Cos. news, Director Philip T. Ruegger III bought 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was bought at an average price of $117.95 per share, for a total transaction of $200,515.00. Following the completion of the acquisition, the director now directly owns 20,126 shares in the company, valued at $2,373,861.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jay S. Benet sold 5,797 shares of the company’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $118.12, for a total value of $684,741.64. Following the transaction, the chief financial officer now owns 71,352 shares of the company’s stock, valued at approximately $8,428,098.24. The disclosure for this sale can be found here. 1.34% of the stock is owned by company insiders.
About The Travelers Cos.
The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.
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