Academy Capital Management bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,617 shares of the insurance provider's stock, valued at approximately $3,175,000. Travelers Companies accounts for approximately 0.4% of Academy Capital Management's holdings, making the stock its 20th largest position.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Berman McAleer LLC boosted its stake in Travelers Companies by 3.5% during the second quarter. Berman McAleer LLC now owns 894 shares of the insurance provider's stock valued at $295,000 after buying an additional 30 shares in the last quarter. Willner & Heller LLC grew its holdings in Travelers Companies by 2.7% during the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider's stock worth $398,000 after acquiring an additional 32 shares during the period. Spinnaker Trust raised its position in Travelers Companies by 1.7% in the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider's stock worth $565,000 after acquiring an additional 33 shares in the last quarter. Cim LLC raised its position in Travelers Companies by 0.4% in the fourth quarter. Cim LLC now owns 8,145 shares of the insurance provider's stock worth $2,363,000 after acquiring an additional 34 shares in the last quarter. Finally, Avalon Trust Co lifted its holdings in Travelers Companies by 0.4% in the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider's stock valued at $2,562,000 after acquiring an additional 35 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Roth Capital raised their price objective on shares of Travelers Companies from $345.00 to $425.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of Travelers Companies from a "buy (a-)" rating to a "buy (a)" rating in a report on Thursday. Citigroup reissued a "market perform" rating on shares of Travelers Companies in a research note on Monday, July 20th. Mizuho raised their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Finally, Zacks Research upgraded shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and an average target price of $354.26.
Check Out Our Latest Report on Travelers Companies
Insider Buying and Selling
In other Travelers Companies news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the transaction, the executive vice president directly owned 68,834 shares of the company's stock, valued at $26,638,758. This represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Diane Kurtzman sold 4,164 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the completion of the transaction, the executive vice president owned 5,298 shares in the company, valued at $2,048,789.58. This represents a 44.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 62,667 shares of company stock worth $22,688,329. Insiders own 1.39% of the company's stock.
Travelers Companies Trading Down 0.2%
NYSE TRV opened at $363.83 on Friday. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $75.88 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 3.46 and a beta of 0.45. The firm's 50 day moving average price is $352.28 and its two-hundred day moving average price is $318.12.
Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.41 by $4.63. The company had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company's revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $6.51 EPS. Equities analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current year.
Travelers Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies's payout ratio is presently 13.39%.
Travelers Companies Company Profile
(
Free Report)
The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.
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