IFP Advisors Inc lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 37.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,811 shares of the insurance provider’s stock after selling 4,093 shares during the period. IFP Advisors Inc’s holdings in The Travelers Companies were worth $834,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board increased its holdings in The Travelers Companies by 89.4% in the third quarter. Canada Pension Plan Investment Board now owns 594,243 shares of the insurance provider’s stock worth $72,807,000 after buying an additional 280,500 shares during the last quarter. Hallmark Capital Management Inc. grew its holdings in The Travelers Companies by 4.1% during the third quarter. Hallmark Capital Management Inc. now owns 13,930 shares of the insurance provider’s stock valued at $1,707,000 after purchasing an additional 545 shares during the last quarter. Community Bank N.A. grew its holdings in The Travelers Companies by 91.3% during the third quarter. Community Bank N.A. now owns 2,745 shares of the insurance provider’s stock valued at $336,000 after purchasing an additional 1,310 shares during the last quarter. Westpac Banking Corp grew its holdings in The Travelers Companies by 3.6% during the third quarter. Westpac Banking Corp now owns 74,494 shares of the insurance provider’s stock valued at $9,127,000 after purchasing an additional 2,581 shares during the last quarter. Finally, Conning Inc. grew its holdings in The Travelers Companies by 2.2% during the third quarter. Conning Inc. now owns 238,906 shares of the insurance provider’s stock valued at $29,271,000 after purchasing an additional 5,189 shares during the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.
The Travelers Companies, Inc. (TRV) opened at $133.32 on Tuesday. The firm has a market capitalization of $37,096.74, a PE ratio of 16.55, a PEG ratio of 2.50 and a beta of 1.26. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1-year low of $110.40 and a 1-year high of $135.71.
The Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.19). The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. The Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.40 EPS. analysts forecast that The Travelers Companies, Inc. will post 7.23 earnings per share for the current fiscal year.
The Travelers Companies declared that its Board of Directors has approved a share repurchase plan on Monday, September 11th that permits the company to repurchase outstanding shares. This repurchase authorization permits the insurance provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Friday, December 8th. The Travelers Companies’s payout ratio is presently 33.45%.
Several equities research analysts have recently issued reports on TRV shares. Wells Fargo & Company set a $125.00 price objective on shares of The Travelers Companies and gave the stock a “hold” rating in a research note on Tuesday. B. Riley restated a “neutral” rating on shares of The Travelers Companies in a research note on Monday, November 6th. UBS AG raised their target price on The Travelers Companies from $131.00 to $139.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised The Travelers Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, Argus raised their target price on The Travelers Companies from $139.00 to $145.00 and gave the stock a “positive” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $128.54.
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The Travelers Companies Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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