BerganKDV Wealth Management LLC grew its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,064 shares of the insurance provider’s stock after buying an additional 694 shares during the period. BerganKDV Wealth Management LLC’s holdings in Travelers Companies were worth $1,953,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ increased its holdings in Travelers Companies by 0.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 45,261 shares of the insurance provider’s stock valued at $6,767,000 after buying an additional 200 shares during the last quarter. Twin Capital Management Inc. lifted its holdings in shares of Travelers Companies by 1.0% in the 1st quarter. Twin Capital Management Inc. now owns 32,380 shares of the insurance provider’s stock worth $4,441,000 after purchasing an additional 330 shares in the last quarter. Goelzer Investment Management Inc. raised its position in Travelers Companies by 18.2% in the 1st quarter. Goelzer Investment Management Inc. now owns 66,516 shares of the insurance provider’s stock valued at $9,123,000 after buying an additional 10,239 shares during the last quarter. Douglas Lane & Associates LLC raised its position in Travelers Companies by 6.5% in the 2nd quarter. Douglas Lane & Associates LLC now owns 2,080 shares of the insurance provider’s stock valued at $311,000 after buying an additional 127 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Travelers Companies by 9.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,452 shares of the insurance provider’s stock valued at $367,000 after buying an additional 205 shares during the last quarter. 81.41% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently commented on TRV. Barclays set a $177.00 price target on Travelers Companies and gave the company a “buy” rating in a research report on Monday, August 12th. Morgan Stanley cut their target price on shares of Travelers Companies from $140.00 to $136.00 and set an “underweight” rating for the company in a research note on Thursday, August 15th. Buckingham Research lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 target price for the company. in a research note on Friday, July 19th. Royal Bank of Canada increased their target price on shares of Travelers Companies to $160.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 24th. Finally, ValuEngine lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $148.78.
Travelers Companies stock traded down $0.70 during mid-day trading on Friday, reaching $147.60. The company had a trading volume of 190,115 shares, compared to its average volume of 1,129,556. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.26. Travelers Companies Inc has a 52 week low of $111.08 and a 52 week high of $155.09. The company has a 50 day moving average of $147.69 and a 200-day moving average of $144.11. The firm has a market cap of $38.16 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.39 and a beta of 0.93.
Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.30). Travelers Companies had a net margin of 8.65% and a return on equity of 10.73%. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same period last year, the company earned $1.81 earnings per share. Travelers Companies’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Travelers Companies Inc will post 10.6 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.22%. Travelers Companies’s dividend payout ratio (DPR) is presently 36.69%.
In other Travelers Companies news, Vice Chairman William H. Heyman sold 5,000 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $150.75, for a total transaction of $753,750.00. Following the completion of the sale, the insider now owns 244,745 shares of the company’s stock, valued at approximately $36,895,308.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jay S. Benet sold 21,972 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $146.59, for a total transaction of $3,220,875.48. Following the sale, the insider now directly owns 94,588 shares of the company’s stock, valued at approximately $13,865,654.92. The disclosure for this sale can be found here. Insiders sold 56,566 shares of company stock worth $8,347,056 over the last quarter. 0.73% of the stock is owned by corporate insiders.
About Travelers Companies
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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