Todays Report: Today, Lucus Advisors LLC Buys 505 Shares of The Travelers Cos. (TRV)

Today, Lucus Advisors LLC Buys 505 Shares of The Travelers Cos. (TRV)

Lucus Advisors LLC raised its stake in shares of The Travelers Cos. (NYSE:TRV) by 17.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,440 shares of the company’s stock after buying an additional 505 shares during the period. Lucus Advisors LLC’s holdings in The Travelers Cos. were worth $394,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TRV. Global X Management Co. LLC raised its stake 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 valued at $116,000 after buying an additional 454 shares during the last quarter. Mycio Wealth Partners LLC raised its stake 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 valued at $126,000 after buying an additional 25 shares during the last quarter. Ledyard National Bank raised its stake 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 valued at $130,000 after buying an additional 56 shares during the last quarter. American National Bank raised its stake in shares of The Travelers Cos. by 51.2% in the third quarter. American National Bank now owns 1,157 shares of the company’s stock valued at $133,000 after buying an additional 392 shares during the last quarter. Finally, Krilogy Financial LLC raised its stake 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 valued at $134,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Shares of The Travelers Cos. (NYSE:TRV) traded up 0.59% during mid-day trading on Monday, hitting $114.12. 804,887 shares of the stock were exchanged. The stock’s 50-day moving average is $110.76 and its 200-day moving average is $114.33. The stock has a market capitalization of $32.42 billion, a price-to-earnings ratio of 11.58 and a beta of 1.03. 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 announced its 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 company earned $6.96 billion during the quarter, compared to the consensus estimate of $6.37 billion. The Travelers Cos. had a net margin of 10.84% and a return on equity of 12.11%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.93 earnings per share. Analysts forecast that The Travelers Cos. will post $9.51 earnings per share for the current fiscal year.

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

Several research analysts have recently weighed in on the stock. William Blair lowered shares of The Travelers Cos. from a “market perform” rating to an “underperform” rating in a research note on Thursday, November 17th. Citigroup Inc. lifted their target price on shares of The Travelers Cos. from $117.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, October 11th. Barclays PLC reaffirmed an “equal weight” rating and set a $109.00 target price (up previously from $105.00) on shares of The Travelers Cos. in a report on Saturday, October 1st. Credit Suisse Group AG set a $111.00 target price on shares of The Travelers Cos. and gave the stock a “hold” rating in a report on Monday, September 12th. Finally, Zacks Investment Research raised shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. 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 stock has a consensus rating of “Hold” and a consensus price target of $117.64.

In other news, Director Philip T. Ruegger III bought 2,000 shares of the stock in a transaction dated Wednesday, November 9th. The stock was bought at an average price of $107.19 per share, for a total transaction of $214,380.00. Following the completion of the acquisition, the director now directly owns 22,443 shares in the company, valued at approximately $2,405,665.17. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 4,246 shares of the stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $118.98, for a total transaction of $505,189.08. Following the completion of the sale, the insider now owns 231,500 shares of the company’s stock, valued at approximately $27,543,870. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by 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.

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