Todays Report: Today, Atria Investments LLC decides to keep it stake in The Travelers Cos. (TRV) to the level of $2,086,000

Today, Atria Investments LLC decides to keep it stake in The Travelers Cos. (TRV) to the level of $2,086,000

Atria Investments LLC raised its stake in The Travelers Cos. (NYSE:TRV) by 31.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 18,209 shares of the company’s stock after buying an additional 4,307 shares during the period. Atria Investments LLC’s holdings in The Travelers Cos. were worth $2,086,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global X Management Co. LLC boosted its position in shares of The Travelers Cos. by 86.8% in the second quarter. Global X Management Co. LLC now owns 977 shares of the company’s stock worth $116,000 after buying an additional 454 shares during the period. Mycio Wealth Partners LLC boosted its position in shares of The Travelers Cos. by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,062 shares of the company’s stock worth $126,000 after buying an additional 25 shares during the period. Ledyard National Bank boosted its position in shares of The Travelers Cos. by 5.4% in the second quarter. Ledyard National Bank now owns 1,089 shares of the company’s stock worth $130,000 after buying an additional 56 shares during the period. Krilogy Financial LLC boosted its position in shares of The Travelers Cos. by 3.8% in the second quarter. Krilogy Financial LLC now owns 1,128 shares of the company’s stock worth $134,000 after buying an additional 41 shares during the period. Finally, Valley National Advisers Inc. boosted its position in shares of The Travelers Cos. by 53.4% in the second quarter. Valley National Advisers Inc. now owns 1,227 shares of the company’s stock worth $146,000 after buying an additional 427 shares during the period. 76.93% of the stock is currently owned by institutional investors.

The Travelers Cos. (NYSE:TRV) traded up 0.32% during trading on Monday, reaching $113.81. 1,467,312 shares of the company traded hands. The firm’s 50 day moving average price is $110.74 and its 200 day moving average price is $114.37. The firm has a market capitalization of $32.33 billion, a price-to-earnings ratio of 11.54 and a beta of 1.03. The Travelers Cos. has a 12-month low of $101.23 and a 12-month high of $119.32.

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

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

A number of research analysts recently issued reports on TRV shares. Barclays PLC reissued an “equal weight” rating and issued a $109.00 price objective (up from $105.00) on shares of The Travelers Cos. in a research note on Saturday, October 1st. Zacks Investment Research upgraded shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Credit Suisse Group AG restated a “hold” rating and issued a $111.00 target price on shares of The Travelers Cos. in a research report on Tuesday, August 23rd. Citigroup Inc. raised their target price 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. Finally, William Blair lowered shares of The Travelers Cos. from a “market perform” rating to an “underperform” rating in a research report on Thursday, November 17th. Two investment 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 stock presently has a consensus rating of “Hold” and a consensus price target of $117.64.

In other news, Vice Chairman William H. Heyman sold 4,246 shares of the stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $118.98, for a total value of $505,189.08. Following the transaction, the insider now owns 231,500 shares of the company’s stock, valued at approximately $27,543,870. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 1,000 shares of the stock in a transaction on Friday, November 25th. The stock was sold at an average price of $113.75, for a total transaction of $113,750.00. Following the completion of the transaction, the insider now directly owns 229,254 shares in the company, valued at approximately $26,077,642.50. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.

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.

Related posts

Leave a Comment