Bristlecone Advisors LLC raised its position in shares of The Travelers Cos. (NYSE:TRV) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,230 shares of the company’s stock after buying an additional 370 shares during the period. The Travelers Cos. comprises approximately 1.4% of Bristlecone Advisors LLC’s investment portfolio, making the stock its 13th largest position. Bristlecone Advisors LLC’s holdings in The Travelers Cos. were worth $3,806,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Global X Management Co. LLC raised its position in 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 in the last quarter. Mycio Wealth Partners LLC raised its position in 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 in the last quarter. Ledyard National Bank raised its position in 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 in the last quarter. Krilogy Financial LLC raised its position in 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 in the last quarter. Finally, Valley National Advisers Inc. raised its position in 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 in 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 mid-day trading on Friday, reaching $113.45. 686,329 shares of the company’s stock traded hands. The stock has a market capitalization of $32.23 billion, a PE ratio of 11.51 and a beta of 1.03. The stock has a 50-day moving average price of $110.76 and a 200-day moving average price of $114.33. 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 released its quarterly earnings results on Thursday, October 20th. The company reported $2.40 earnings per share for the quarter, topping 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 business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same period last year, the firm earned $2.93 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Equities research analysts expect that The Travelers Cos. will post $9.51 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be given a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $2.68 annualized dividend and a yield of 2.36%. The Travelers Cos.’s payout ratio is presently 27.29%.
A number of research analysts recently weighed in on TRV shares. Barclays PLC reiterated 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. Credit Suisse Group AG set a $111.00 price objective on shares of The Travelers Cos. and gave the company a “hold” rating in a research note on Monday, September 12th. 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. Citigroup Inc. boosted their price target 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 assigned a hold rating and four have assigned a buy rating to the stock. The Travelers Cos. presently has an average rating of “Hold” and an average target price of $117.64.
In other news, Vice Chairman William H. Heyman sold 4,246 shares of the firm’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $118.98, for a total transaction of $505,189.08. Following the sale, the insider now directly owns 231,500 shares in the company, valued at approximately $27,543,870. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philip T. Ruegger III acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were purchased at an average price of $107.19 per share, for a total transaction of $214,380.00. Following the completion of the transaction, the director now directly owns 22,443 shares in the company, valued at $2,405,665.17. The disclosure for this purchase 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.