Today, The Travelers Cos. (TRV) Position Increased by CenturyLink Investment Management Co

Today, The Travelers Cos. (TRV) Position Increased by CenturyLink Investment Management Co

CenturyLink Investment Management Co raised its stake in shares of The Travelers Cos. (NYSE:TRV) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,389 shares of the company’s stock after buying an additional 48 shares during the period. CenturyLink Investment Management Co’s holdings in The Travelers Cos. were worth $1,877,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Daiwa SB Investments Ltd. raised its position in The Travelers Cos. by 8.2% in the second quarter. Daiwa SB Investments Ltd. now owns 1,720 shares of the company’s stock valued at $201,000 after buying an additional 130 shares during the last quarter. British Columbia Investment Management Corp raised its position in The Travelers Cos. by 3.8% in the second quarter. British Columbia Investment Management Corp now owns 199,039 shares of the company’s stock valued at $23,694,000 after buying an additional 7,305 shares during the last quarter. NEXT Financial Group Inc raised its position in The Travelers Cos. by 6.2% in the second quarter. NEXT Financial Group Inc now owns 2,653 shares of the company’s stock valued at $315,000 after buying an additional 154 shares during the last quarter. Moreno Evelyn V raised its position in The Travelers Cos. by 0.3% in the second quarter. Moreno Evelyn V now owns 42,790 shares of the company’s stock valued at $5,093,000 after buying an additional 120 shares during the last quarter. Finally, Park National Corp OH raised its position in The Travelers Cos. by 423.2% in the second quarter. Park National Corp OH now owns 50,403 shares of the company’s stock valued at $6,000,000 after buying an additional 40,769 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Shares of The Travelers Cos. (NYSE:TRV) traded up 0.32% during midday trading on Monday, hitting $113.81. 1,467,312 shares of the company were exchanged. The Travelers Cos. has a one year low of $101.23 and a one year high of $119.32. The stock’s 50-day moving average is $110.74 and its 200-day moving average is $114.37. The stock has a market cap of $32.33 billion, a PE ratio of 11.54 and a beta of 1.03.

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, beating analysts’ consensus estimates of $2.27 by $0.13. The company 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 Travelers Cos.’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.93 earnings per share. Equities research analysts anticipate that The Travelers Cos. will post $9.51 EPS for the current year.

The business 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. 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 payout ratio is 27.29%.

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

In other The Travelers Cos. news, Vice Chairman William H. Heyman sold 4,246 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 231,500 shares in the company, valued at $27,543,870. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Philip T. Ruegger III purchased 2,000 shares of The Travelers Cos. stock in a transaction on Wednesday, November 9th. The stock was bought at an average price of $107.19 per share, with a total value of $214,380.00. Following the transaction, the director now owns 22,443 shares of the company’s stock, valued at $2,405,665.17. The disclosure for this purchase can be found here. 1.34% of the stock is 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.

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