Trillium Asset Management LLC Increases Stake in Travelers Companies Inc (TRV)
Trillium Asset Management LLC lifted its stake in shares of Travelers Companies Inc (NYSE:TRV) by 113.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 235,483 shares of the insurance provider’s stock after purchasing an additional 125,134 shares during the period. Travelers Companies accounts for 1.6% of Trillium Asset Management LLC’s holdings, making the stock its 9th biggest position. Trillium Asset Management LLC’s holdings in Travelers Companies were worth $32,299,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. Baystate Wealth Management LLC raised its stake in Travelers Companies by 24.3% in the 1st quarter. Baystate Wealth Management LLC now owns 389 shares of the insurance provider’s stock valued at $54,000 after acquiring an additional 76 shares during the period. First Allied Advisory Services Inc. raised its stake in Travelers Companies by 0.4% in the 1st quarter. First Allied Advisory Services Inc. now owns 18,790 shares of the insurance provider’s stock valued at $2,579,000 after acquiring an additional 81 shares during the period. New Potomac Partners LLC raised its stake in Travelers Companies by 0.6% in the 4th quarter. New Potomac Partners LLC now owns 16,450 shares of the insurance provider’s stock valued at $1,970,000 after acquiring an additional 90 shares during the period. Savant Capital LLC raised its stake in Travelers Companies by 1.5% in the 4th quarter. Savant Capital LLC now owns 6,194 shares of the insurance provider’s stock valued at $742,000 after acquiring an additional 91 shares during the period. Finally, Level Four Advisory Services LLC raised its stake in Travelers Companies by 5.5% in the 4th quarter. Level Four Advisory Services LLC now owns 1,777 shares of the insurance provider’s stock valued at $213,000 after acquiring an additional 92 shares during the period. Institutional investors own 80.56% of the company’s stock.
A number of research firms recently weighed in on TRV. Barclays increased their price target on Travelers Companies from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Zacks Investment Research cut Travelers Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. UBS Group increased their price target on Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Royal Bank of Canada restated a “neutral” rating and issued a $145.00 price target on shares of Travelers Companies in a research note on Thursday, April 18th. Finally, Morgan Stanley upped their price objective on Travelers Companies from $119.00 to $130.00 and gave the company an “underweight” rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $140.58.
NYSE TRV traded down $0.64 on Wednesday, reaching $145.07. The stock had a trading volume of 8,244 shares, compared to its average volume of 1,150,991. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.38 and a quick ratio of 0.38. Travelers Companies Inc has a 1-year low of $111.08 and a 1-year high of $146.38. The firm has a market cap of $37.56 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 1.30 and a beta of 1.08.
Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 18th. The insurance provider reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. Travelers Companies had a return on equity of 10.86% and a net margin of 8.64%. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.94 billion. During the same period in the prior year, the firm posted $2.46 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts anticipate that Travelers Companies Inc will post 11.11 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.26%. This is a positive change from Travelers Companies’s previous quarterly dividend of $0.77. The ex-dividend date is Friday, June 7th. Travelers Companies’s dividend payout ratio is currently 34.45%.
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About Travelers Companies
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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