Fjarde AP Fonden Fourth Swedish National Pension Fund Has $8.74 Million Stake in The Travelers Companies, Inc. (TRV)
Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in The Travelers Companies, Inc. (NYSE:TRV) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,335 shares of the insurance provider’s stock after purchasing an additional 4,823 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in The Travelers Companies were worth $8,740,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. California Capital Advisors Inc. bought a new position in The Travelers Companies during the first quarter worth about $1,142,000. New Vernon Investment Management LLC bought a new stake in shares of The Travelers Companies during the 1st quarter valued at $510,000. Banque Pictet & Cie SA boosted its holdings in shares of The Travelers Companies by 6.5% during the 1st quarter. Banque Pictet & Cie SA now owns 3,194 shares of the insurance provider’s stock valued at $385,000 after buying an additional 194 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of The Travelers Companies by 4.7% during the 1st quarter. Thrivent Financial For Lutherans now owns 10,398 shares of the insurance provider’s stock valued at $1,253,000 after buying an additional 470 shares in the last quarter. Finally, Balentine LLC boosted its holdings in shares of The Travelers Companies by 2.0% during the 1st quarter. Balentine LLC now owns 1,404 shares of the insurance provider’s stock valued at $169,000 after buying an additional 27 shares in the last quarter. Institutional investors own 77.63% of the company’s stock.
A number of analysts have recently commented on TRV shares. Citigroup Inc. restated a “buy” rating and set a $148.00 target price (down previously from $150.00) on shares of The Travelers Companies in a report on Monday, July 24th. BidaskClub lowered The Travelers Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. MKM Partners reaffirmed a “neutral” rating and issued a $130.00 price target (up previously from $115.00) on shares of The Travelers Companies in a research report on Wednesday, July 26th. Barclays PLC lifted their price target on The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $135.00 price target on shares of The Travelers Companies in a research report on Monday, August 21st. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $128.54.
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Shares of The Travelers Companies, Inc. (NYSE:TRV) traded up $0.54 during trading hours on Wednesday, hitting $133.86. The company had a trading volume of 1,812,200 shares, compared to its average volume of 1,488,325. The company has a market cap of $36,489.14, a P/E ratio of 16.28, a PEG ratio of 2.51 and a beta of 1.26. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52 week low of $110.40 and a 52 week high of $135.71.
The Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($1.19). The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.46 billion. The Travelers Companies had a net margin of 8.56% and a return on equity of 9.87%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.40 earnings per share. research analysts predict that The Travelers Companies, Inc. will post 7.09 EPS for the current year.
The Travelers Companies declared that its board has authorized a stock buyback program on Monday, September 11th that allows the company to repurchase shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 11th will be paid a dividend of $0.72 per share. The ex-dividend date is Friday, December 8th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.15%. The Travelers Companies’s dividend payout ratio (DPR) is presently 33.45%.
The Travelers Companies Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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