Today: Today: Capstone Asset Management Co. invests in 1,390 by buying The Travelers Cos. (TRV) shares

Today: Capstone Asset Management Co. invests in 1,390 by buying The Travelers Cos. (TRV) shares

Capstone Asset Management Co. increased its position in The Travelers Cos. (NYSE:TRV) by 3.6% during the third quarter, Holdings Channel reports. The fund owned 39,761 shares of the company’s stock after buying an additional 1,390 shares during the period. Capstone Asset Management Co.’s holdings in The Travelers Cos. were worth $4,555,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Cohen & Steers Inc. boosted its position 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 worth $672,090,000 after buying an additional 6,311,380 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of The Travelers Cos. during the second quarter valued at approximately $374,228,000. TIAA CREF Investment Management LLC boosted 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 period. Emerald Acquisition Ltd. acquired a new stake in shares of The Travelers Cos. during the second quarter valued at approximately $49,727,000. Finally, JPMorgan Chase & Co. boosted 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 period. Institutional investors and hedge funds own 76.93% of the company’s stock.

The Travelers Cos. (NYSE:TRV) traded up 0.32% during trading on Monday, reaching $113.81. The company’s stock had a trading volume of 1,456,553 shares. The Travelers Cos. has a 52 week low of $101.23 and a 52 week high of $119.32. The company has a market cap of $32.33 billion, a P/E ratio of 11.54 and a beta of 1.03. The company’s 50 day moving average price is $110.76 and its 200 day moving average price is $114.33.

The Travelers Cos. (NYSE:TRV) last issued its earnings results on Thursday, October 20th. The company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.27 by $0.13. The company earned $6.96 billion during the quarter, compared to analysts’ expectations of $6.37 billion. The Travelers Cos. had a net margin of 10.84% and a return on equity of 12.11%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.93 EPS. On average, equities analysts anticipate that The Travelers Cos. will post $9.51 earnings per share for the current fiscal year.

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

TRV has been the subject of several recent analyst reports. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $111.00 target price on shares of The Travelers Cos. in a research report on Tuesday, August 23rd. Zacks Investment Research raised The Travelers Cos. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Barclays PLC reaffirmed an “equal weight” rating and issued a $109.00 target price (up previously from $105.00) on shares of The Travelers Cos. in a research report on Saturday, October 1st. Citigroup Inc. raised their target price on The Travelers Cos. from $117.00 to $123.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 11th. Finally, William Blair cut The Travelers Cos. from a “market perform” rating to an “underperform” rating in a research report on Thursday, November 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $117.64.

In related news, Vice Chairman William H. Heyman sold 4,246 shares of the company’s 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 completion of the sale, the insider now owns 231,500 shares in the company, valued at approximately $27,543,870. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 1,000 shares of the company’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $113.75, for a total transaction of $113,750.00. Following the completion of the sale, the insider now owns 229,254 shares of the company’s stock, valued at approximately $26,077,642.50. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by corporate 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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