Bard Financial Services Inc. trimmed its position in shares of The Travelers Companies, Inc. (NYSE: TRV – Get Rating) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,185 shares of the insurance provider’s stock after selling 250 shares during the period. Bard Financial Services Inc.’s holdings in Travelers Companies were worth $ 1,130,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. State Street Corp raised its stake in shares of Travelers Companies by 0.5% during the fourth quarter. State Street Corp now owns 17,289,745 shares of the insurance provider’s stock valued at $ 2,704,635,000 after acquiring an additional 86,596 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Travelers Companies by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 4,233,724 shares of the insurance provider’s stock valued at $ 660,678,000 after acquiring an additional 86,442 shares during the last quarter. Norges Bank bought a new position in shares of Travelers Companies during the fourth quarter valued at about $ 224,986,000. Charles Schwab Investment Management Inc. increased its position in shares of Travelers Companies by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,379,941 shares of the insurance provider’s stock valued at $ 215,865,000 after buying an additional 28,093 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Travelers Companies by 56.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,135,421 shares of the insurance provider’s stock valued at $ 177,614,000 after buying an additional 408,488 shares during the period. 83.20% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on TRV. Wells Fargo & Company upped their price objective on shares of Travelers Companies from $ 172.00 to $ 180.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 12th. Wolfe Research cut shares of Travelers Companies from an “outperform” rating to a “market perform” rating and cut their price target for the company from $ 185.00 to $ 156.00 in a report on Wednesday. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, June 2nd. Morgan Stanley cut their price target on shares of Travelers Companies from $ 184.00 to $ 181.00 and set an “equal weight” rating on the stock in a report on Monday, May 23rd. Finally, The Goldman Sachs Group cut shares of Travelers Companies from a “neutral” rating to a “sell” rating and cut their price target for the company from $ 190.00 to $ 170.00 in a report on Friday, June 3rd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $ 176.85.
In other news, EVP Diane Kurtzman sold 2,671 shares of the stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $ 172.74, for a total value of $ 461,388.54. Following the completion of the sale, the executive vice president now directly owns 1,735 shares of the company stock, valued at $ 299,703.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 3,013 shares of the stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $ 179.19, for a total transaction of $ 539,899.47. Following the completion of the sale, the insider now directly owns 251,605 shares of the company stock, valued at $ 45,085,099.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,894 shares of company stock valued at $ 8,451,233. Corporate insiders own 1.07% of the company stock.
TRV opened at $ 159.77 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1-year low of $ 145.40 and a 1-year high of $ 187.98. The company has a market capitalization of $ 38.34 billion, a PE ratio of 10.11, a PEG ratio of 3.49 and a beta of 0.70. The firm’s 50 day simple moving average is $ 172.55 and its two-hundred day simple moving average is $ 170.60.
Travelers Companies (NYSE: TRV – Get Rating) last released its quarterly earnings results on Tuesday, April 19th. The insurance provider reported $ 4.22 earnings per share for the quarter, topping the consensus estimate of $ 3.70 by $ 0.52. Travelers Companies had a net margin of 11.18% and a return on equity of 13.78%. The business had revenue of $ 8.81 billion for the quarter, compared to the consensus estimate of $ 8.03 billion. During the same period last year, the firm earned $ 2.73 earnings per share. The company quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts forecast that The Travelers Companies, Inc. will post 13.5 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 10th will be given a $ 0.93 dividend. The ex-dividend date is Thursday, June 9th. This is an increase from Travelers Companies’s previous quarterly dividend of $ 0.88. This represents a $ 3.72 annualized dividend and a yield of 2.33%. Travelers Companies’s dividend payout ratio (DPR) is currently 23.54%.
About Travelers Companies: (Get Rating)
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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