Markel Corp Continues to Hold Position in The Travelers Cos. (TRV)
Markel Corp maintained its position in shares of The Travelers Cos. (NYSE:TRV) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,000 shares of the company’s stock at the end of the third quarter. The Travelers Cos. makes up 0.9% of Markel Corp’s investment portfolio, making the stock its 28th largest position. Markel Corp’s holdings in The Travelers Cos. were worth $36,083,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Global X Management Co. LLC raised its stake 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 stake 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 stake 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. American National Bank raised its stake in The Travelers Cos. by 51.2% in the third quarter. American National Bank now owns 1,157 shares of the company’s stock worth $133,000 after buying an additional 392 shares in the last quarter. Finally, Krilogy Financial LLC raised its stake 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. Institutional investors and hedge funds own 76.93% of the company’s stock.
Shares of The Travelers Cos. (NYSE:TRV) traded down 0.12% during trading on Tuesday, reaching $113.67. 80,417 shares of the company’s stock traded hands. The company has a 50 day moving average price of $110.74 and a 200-day moving average price of $114.37. The stock has a market cap of $32.29 billion, a P/E ratio of 11.53 and a beta of 1.03. The Travelers Cos. has a one year low of $101.23 and a one year 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, topping the Zacks’ consensus estimate of $2.27 by $0.13. The business 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 was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.93 earnings per share. On average, equities research analysts expect that The Travelers Cos. will post $9.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders 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 dividend on an annualized basis and a yield of 2.36%. The Travelers Cos.’s dividend payout ratio is presently 27.29%.
TRV has been the subject of a number of analyst reports. Credit Suisse Group AG restated a “hold” rating and set a $111.00 price objective on shares of The Travelers Cos. in a research note on Tuesday, August 23rd. Zacks Investment Research upgraded shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Barclays PLC restated an “equal weight” rating and set a $109.00 price objective (up from $105.00) on shares of The Travelers Cos. in a research note on Saturday, October 1st. Citigroup Inc. raised their price objective on shares of The Travelers Cos. from $117.00 to $123.00 and gave the company a “neutral” rating in a research note on Tuesday, October 11th. Finally, William Blair downgraded shares of The Travelers Cos. from a “market perform” rating to an “underperform” rating in a report on Thursday, November 17th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The Travelers Cos. currently has an average rating of “Hold” and an average target price of $117.64.
In other The Travelers Cos. news, Director Philip T. Ruegger III purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The shares were bought at an average price of $107.19 per share, for a total transaction of $214,380.00. Following the acquisition, the director now owns 22,443 shares in the company, valued at $2,405,665.17. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 4,246 shares of the stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $118.98, for a total transaction of $505,189.08. Following the completion of the transaction, the insider now owns 231,500 shares in the company, valued at approximately $27,543,870. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by company 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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