FTB Advisors Inc. Boosts Position in Travelers Companies Inc (TRV)

FTB Advisors Inc. increased its position in shares of Travelers Companies Inc (NYSE:TRV) by 3.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 63,013 shares of the insurance provider’s stock after purchasing an additional 2,192 shares during the period. FTB Advisors Inc.’s holdings in Travelers Companies were worth $8,173,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Millennium Management LLC raised its stake in shares of Travelers Companies by 176.2% in the first quarter. Millennium Management LLC now owns 79,496 shares of the insurance provider’s stock worth $11,039,000 after purchasing an additional 50,717 shares during the last quarter. DnB Asset Management AS purchased a new stake in shares of Travelers Companies in the second quarter worth approximately $4,044,000. IFM Investors Pty Ltd raised its stake in shares of Travelers Companies by 42.9% in the second quarter. IFM Investors Pty Ltd now owns 12,204 shares of the insurance provider’s stock worth $1,493,000 after purchasing an additional 3,662 shares during the last quarter. Farmers Trust Co. purchased a new stake in shares of Travelers Companies in the second quarter worth approximately $705,000. Finally, Fisher Asset Management LLC raised its stake in shares of Travelers Companies by 316.1% in the second quarter. Fisher Asset Management LLC now owns 6,412 shares of the insurance provider’s stock worth $785,000 after purchasing an additional 4,871 shares during the last quarter. 79.33% of the stock is currently owned by institutional investors and hedge funds.

In other Travelers Companies news, Vice Chairman Jay S. Benet sold 8,876 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the completion of the transaction, the insider now directly owns 94,176 shares of the company’s stock, valued at $12,431,232. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Andy F. Bessette sold 8,892 shares of the stock in a transaction on Friday, August 17th. The shares were sold at an average price of $130.78, for a total value of $1,162,895.76. Following the transaction, the executive vice president now directly owns 10,551 shares of the company’s stock, valued at $1,379,859.78. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

TRV has been the subject of several analyst reports. TheStreet raised Travelers Companies from a “c+” rating to a “b” rating in a research note on Thursday, August 30th. Citigroup set a $144.00 price objective on Travelers Companies and gave the stock a “buy” rating in a research note on Thursday, July 12th. Zacks Investment Research raised Travelers Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $142.00 target price on shares of Travelers Companies in a report on Thursday, July 19th. Finally, ValuEngine raised Travelers Companies from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $136.36.

TRV stock opened at $128.60 on Wednesday. The company has a market capitalization of $33.08 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 0.99 and a beta of 1.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.39 and a quick ratio of 0.39. Travelers Companies Inc has a 12-month low of $119.67 and a 12-month high of $150.55.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 18th. The insurance provider reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.28. The company 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 quarterly 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. Analysts anticipate that Travelers Companies Inc will post 9.88 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 10th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Friday, December 7th. Travelers Companies’s dividend payout ratio is presently 42.31%.

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Travelers Companies Company 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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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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