Voya Financial Advisors Inc. cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,688 shares of the insurance provider’s stock after selling 263 shares during the period. Voya Financial Advisors Inc.’s holdings in The Travelers Companies were worth $791,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in TRV. FormulaFolio Investments LLC acquired a new stake in shares of The Travelers Companies in the 4th quarter valued at approximately $324,000. Norges Bank acquired a new stake in shares of The Travelers Companies in the 4th quarter valued at approximately $261,919,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in The Travelers Companies by 10.7% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,289 shares of the insurance provider’s stock worth $1,304,000 after purchasing an additional 900 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in The Travelers Companies by 10.4% during the 4th quarter. UBS Asset Management Americas Inc. now owns 1,725,577 shares of the insurance provider’s stock worth $242,219,000 after purchasing an additional 162,450 shares in the last quarter. Finally, Main Street Financial Solutions LLC bought a new stake in The Travelers Companies during the 4th quarter worth approximately $271,000. Institutional investors own 81.82% of the company’s stock.
A number of research firms recently issued reports on TRV. Argus increased their target price on The Travelers Companies from $138.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, January 25th. Barclays increased their target price on The Travelers Companies from $155.00 to $165.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 30th. Morgan Stanley increased their target price on The Travelers Companies from $155.00 to $160.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 30th. MKM Partners raised their price target on shares of The Travelers Companies from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, March 18th. Finally, Royal Bank of Canada increased their price objective on The Travelers Companies from $122.00 to $156.00 and gave the company a “sector perform” rating in a report on Friday, January 22nd. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $149.38.
The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 20th. The insurance provider reported $4.91 EPS for the quarter, topping the Zacks’ consensus estimate of $3.18 by $1.73. The Travelers Companies had a return on equity of 8.63% and a net margin of 7.13%. The company had revenue of $8.35 billion for the quarter, compared to analysts’ expectations of $8.08 billion. During the same quarter last year, the business earned $3.32 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 8.54 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 10th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Tuesday, March 9th. The Travelers Companies’s dividend payout ratio is presently 35.42%.
In other news, Vice Chairman William H. Heyman sold 4,500 shares of the business’s stock in a transaction dated Wednesday, February 24th. The stock was sold at an average price of $150.50, for a total transaction of $677,250.00. Following the sale, the insider now directly owns 248,261 shares in the company, valued at $37,363,280.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Maria Olivo sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 24th. The stock was sold at an average price of $150.63, for a total value of $1,506,300.00. Following the sale, the executive vice president now owns 105,060 shares in the company, valued at $15,825,187.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,976 shares of company stock worth $13,945,178. Company insiders own 0.80% of the company’s stock.
The Travelers Companies Company 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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