Pensionfund DSM Netherlands maintained its position in shares of The Travelers Cos. (NYSE:TRV) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,000 shares of the company’s stock at the end of the third quarter. Pensionfund DSM Netherlands’ holdings in The Travelers Cos. were worth $4,238,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Creative Planning increased its position in shares of The Travelers Cos. by 38.8% in the third quarter. Creative Planning now owns 41,326 shares of the company’s stock valued at $4,734,000 after buying an additional 11,551 shares in the last quarter. Bristlecone Advisors LLC increased its position in shares of The Travelers Cos. by 1.1% in the third quarter. Bristlecone Advisors LLC now owns 33,230 shares of the company’s stock valued at $3,806,000 after buying an additional 370 shares in the last quarter. First Financial Bank N.A. Trust Division increased its position in shares of The Travelers Cos. by 4.9% in the third quarter. First Financial Bank N.A. Trust Division now owns 2,418 shares of the company’s stock valued at $277,000 after buying an additional 112 shares in the last quarter. Searle & CO. purchased a new position in shares of The Travelers Cos. during the third quarter valued at approximately $308,000. Finally, Advisory Services Network LLC increased its position in shares of The Travelers Cos. by 4.0% in the third quarter. Advisory Services Network LLC now owns 13,263 shares of the company’s stock valued at $1,519,000 after buying an additional 516 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.
Shares of The Travelers Cos. (NYSE:TRV) traded up 0.34% during mid-day trading on Friday, reaching $113.45. 686,329 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $110.76 and a 200-day moving average price of $114.33. The stock has a market cap of $32.23 billion, a PE ratio of 11.51 and a beta of 1.03. The Travelers Cos. has a one year low of $101.23 and a one year high of $119.32.
The Travelers Cos. (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 20th. The company reported $2.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.13. The Travelers Cos. had a net margin of 10.84% and a return on equity of 12.11%. The firm earned $6.96 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same period last year, the firm earned $2.93 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that The Travelers Cos. will post $9.51 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, December 7th. The Travelers Cos.’s payout ratio is 27.29%.
Several brokerages have commented on TRV. William Blair downgraded shares of The Travelers Cos. from a “market perform” rating to an “underperform” rating in a research report on Thursday, November 17th. Citigroup Inc. boosted their price objective on shares of The Travelers Cos. from $117.00 to $123.00 and gave the company a “neutral” rating in a research report on Tuesday, October 11th. Barclays PLC restated an “equal weight” rating and set a $109.00 price objective (up from $105.00) on shares of The Travelers Cos. in a research report on Saturday, October 1st. Credit Suisse Group AG set a $111.00 price target on shares of The Travelers Cos. and gave the stock a “hold” rating in a report on Monday, September 12th. Finally, Zacks Investment Research upgraded shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The Travelers Cos. has an average rating of “Hold” and a consensus target price of $117.64.
In related news, Director Philip T. Ruegger III acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The stock was bought at an average cost of $107.19 per share, with a total value of $214,380.00. Following the acquisition, the director now owns 22,443 shares of the company’s stock, valued at approximately $2,405,665.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jay S. Benet sold 5,808 shares of The Travelers Cos. stock in a transaction on Monday, August 29th. The stock was sold at an average price of $118.31, for a total transaction of $687,144.48. Following the sale, the insider now directly owns 71,287 shares of the company’s stock, valued at $8,433,964.97. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by company insiders.
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.