Mitsubishi UFJ Trust & Banking Corp lowered its stake in Travelers Companies Inc (NYSE:TRV) by 58.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 245,246 shares of the insurance provider’s stock after selling 348,776 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.09% of Travelers Companies worth $31,811,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Moody Aldrich Partners LLC acquired a new stake in Travelers Companies during the 2nd quarter worth about $74,138,000. Landaas & Co. WI ADV acquired a new stake in Travelers Companies during the 2nd quarter worth about $108,000. Acadian Asset Management LLC acquired a new stake in Travelers Companies during the 2nd quarter worth about $112,000. ELM Advisors LLC acquired a new stake in Travelers Companies during the 3rd quarter worth about $130,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Travelers Companies in the 2nd quarter valued at about $129,000. 79.50% of the stock is owned by institutional investors and hedge funds.
In other Travelers Companies news, EVP Andy F. Bessette sold 1,666 shares of the stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $126.17, for a total transaction of $210,199.22. Following the completion of the transaction, the executive vice president now directly owns 8,457 shares in the company, valued at $1,067,019.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company’s stock.
TRV has been the topic of a number of research reports. TheStreet upgraded Travelers Companies from a “c+” rating to a “b” rating in a report on Thursday, August 30th. Zacks Investment Research upgraded Travelers Companies from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. Wells Fargo & Co restated a “hold” rating and issued a $142.00 price objective on shares of Travelers Companies in a report on Thursday, October 18th. Credit Suisse Group set a $141.00 price objective on Travelers Companies and gave the stock a “hold” rating in a report on Wednesday, November 14th. Finally, Citigroup downgraded Travelers Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $149.00 to $134.00 in a report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Travelers Companies presently has a consensus rating of “Hold” and an average target price of $137.31.
Shares of TRV traded down $4.60 during mid-day trading on Thursday, hitting $122.09. The company’s stock had a trading volume of 891,928 shares, compared to its average volume of 1,717,447. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $33.56 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 1.03 and a beta of 1.19. Travelers Companies Inc has a one year low of $119.67 and a one year high of $150.55.
Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 18th. The insurance provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.28. The business had revenue of $6.88 billion during the quarter, compared to analyst estimates of $6.83 billion. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. Travelers Companies’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. Equities analysts predict that Travelers Companies Inc will post 9.66 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 10th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, December 7th. This represents a $3.08 annualized dividend and a yield of 2.52%. Travelers Companies’s dividend payout ratio is currently 42.31%.
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Travelers Companies Profile
The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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