Lucus Advisors LLC purchased a new stake in The Travelers Cos. (NYSE:TRV) during the second quarter, Holdings Channel reports. The firm purchased 2,935 shares of the company’s stock, valued at approximately $349,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRV. NN Investment Partners Holdings N.V. purchased a new position in The Travelers Cos. during the first quarter valued at about $6,834,000. Columbia Partners L L C Investment Management raised 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 valued at $1,074,000 after buying an additional 112 shares during the last quarter. Peapack Gladstone Financial Corp raised 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 valued at $1,381,000 after buying an additional 84 shares during the last quarter. Bristlecone Advisors LLC raised 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 valued at $3,804,000 after buying an additional 4,160 shares during the last quarter. Finally, BlackRock Japan Co. Ltd raised its position in The Travelers Cos. by 8.0% in the first quarter. BlackRock Japan Co. Ltd now owns 417,762 shares of the company’s stock valued at $48,757,000 after buying an additional 30,771 shares during the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.
The Travelers Cos. (NYSE:TRV) traded up 0.60% during 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 PE ratio of 11.03 and a beta of 1.07. The Travelers Cos. has a 12 month low of $100.48 and a 12 month high of $119.32. The firm 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 earnings results on Thursday, July 21st. The company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.05. The company earned $6.79 billion during the quarter, compared to the consensus estimate of $6.37 billion. The Travelers Cos. had a return on equity of 13.06% and a net margin of 11.70%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.52 earnings per share. On average, equities research analysts anticipate that The Travelers Cos. will post $9.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.34%. The Travelers Cos.’s dividend payout ratio is presently 25.92%.
Several analysts have recently commented on the stock. Citigroup Inc. reaffirmed a “neutral” rating on shares of The Travelers Cos. in a research report on Tuesday, June 21st. Royal Bank Of Canada raised their price objective on shares of The Travelers Cos. from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, July 22nd. BMO Capital Markets reaffirmed a “market perform” rating and set a $120.00 price objective (up previously from $117.00) on shares of The Travelers Cos. in a research report on Tuesday, July 12th. Credit Suisse Group AG set a $111.00 price objective on shares of The Travelers Cos. and gave the stock a “hold” rating in a research report on Monday, September 12th. Finally, Zacks Investment Research downgraded shares of The Travelers Cos. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $116.75.
In related news, Vice Chairman William H. Heyman sold 4,246 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $118.98, for a total transaction of $505,189.08. Following the completion of the transaction, the insider now owns 231,500 shares in the company, valued at $27,543,870. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Jay S. Benet sold 5,797 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $116.21, for a total value of $673,669.37. Following the transaction, the insider now owns 71,352 shares of the company’s stock, valued at approximately $8,291,815.92. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.
The Travelers Cos. Company Profile
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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