Trading Report: Today, Pensionfund Sabic Reached $1,947,000 position of The Travelers Cos. (TRV)

Today, Pensionfund Sabic Reached $1,947,000 position  of The Travelers Cos. (TRV)

Pensionfund Sabic maintained its stake in shares of The Travelers Cos. (NYSE:TRV) during the third quarter, Holdings Channel reports. The firm owned 17,000 shares of the company’s stock at the end of the third quarter. Pensionfund Sabic’s holdings in The Travelers Cos. were worth $1,947,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Cohen & Steers Inc. raised its stake in shares of The Travelers Cos. by 573,761.8% in the second quarter. Cohen & Steers Inc. now owns 6,312,480 shares of the company’s stock valued at $672,090,000 after buying an additional 6,311,380 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of The Travelers Cos. during the second quarter valued at about $374,228,000. TIAA CREF Investment Management LLC raised its stake in shares of The Travelers Cos. by 46.7% in the second quarter. TIAA CREF Investment Management LLC now owns 1,606,286 shares of the company’s stock valued at $191,212,000 after buying an additional 511,608 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of The Travelers Cos. during the second quarter valued at about $49,727,000. Finally, JPMorgan Chase & Co. raised its stake in shares of The Travelers Cos. by 4.8% in the second quarter. JPMorgan Chase & Co. now owns 8,658,670 shares of the company’s stock valued at $1,030,728,000 after buying an additional 397,224 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

The Travelers Cos. (NYSE:TRV) traded up 0.34% during trading on Friday, hitting $113.45. The stock had a trading volume of 686,329 shares. The firm has a market cap of $32.23 billion, a P/E ratio of 11.51 and a beta of 1.03. The company has a 50-day moving average of $110.76 and a 200 day moving average of $114.33. The Travelers Cos. has a 52-week low of $101.23 and a 52-week high of $119.32.

The Travelers Cos. (NYSE:TRV) last released its quarterly earnings results on Thursday, October 20th. The company reported $2.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.13. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.37 billion. The Travelers Cos. had a return on equity of 12.11% and a net margin of 10.84%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the business posted $2.93 EPS. On average, equities research analysts predict that The Travelers Cos. will post $9.51 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 9th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.36%. The Travelers Cos.’s dividend payout ratio (DPR) is currently 27.29%.

Several brokerages have issued reports on TRV. Zacks Investment Research upgraded The Travelers Cos. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Credit Suisse Group AG reiterated a “hold” rating and set a $111.00 price objective on shares of The Travelers Cos. in a research note on Tuesday, August 23rd. Citigroup Inc. boosted their price objective on The Travelers Cos. from $117.00 to $123.00 and gave the company a “neutral” rating in a research note on Tuesday, October 11th. Barclays PLC reiterated an “equal weight” rating and set a $109.00 price objective (up from $105.00) on shares of The Travelers Cos. in a research note on Saturday, October 1st. Finally, William Blair lowered The Travelers Cos. from a “market perform” rating to an “underperform” rating in a research note on Thursday, November 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $117.64.

In related news, Director Philip T. Ruegger III bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were 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 in the company, valued at $2,405,665.17. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 4,246 shares of the firm’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $118.98, for a total value of $505,189.08. Following the completion of the transaction, the insider now directly owns 231,500 shares in the company, valued at $27,543,870. The disclosure for this sale can be found here. 1.34% of the stock is owned by insiders.

About The Travelers Cos.

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.

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