Wells Fargo & Company MN Has $202.99 Million Stake in Travelers Companies Inc (TRV)

Wells Fargo & Company MN grew its stake in shares of Travelers Companies Inc (NYSE:TRV) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,564,973 shares of the insurance provider’s stock after buying an additional 47,020 shares during the period. Wells Fargo & Company MN’s holdings in Travelers Companies were worth $202,992,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moody Aldrich Partners LLC bought a new stake in shares of Travelers Companies during the second quarter valued at about $74,138,000. Squar Milner Financial Services LLC bought a new stake in shares of Travelers Companies during the second quarter valued at about $100,000. Landaas & Co. WI ADV bought a new stake in shares of Travelers Companies during the second quarter valued at about $108,000. Acadian Asset Management LLC bought a new stake in shares of Travelers Companies during the second quarter valued at about $112,000. Finally, ELM Advisors LLC bought a new stake in shares of Travelers Companies during the third quarter valued at about $130,000. Hedge funds and other institutional investors own 79.33% of the company’s stock.

Several research analysts recently weighed in on TRV shares. Citigroup set a $144.00 price objective on shares of Travelers Companies and gave the stock a “buy” rating in a research report on Thursday, July 12th. Sandler O’Neill restated a “hold” rating and issued a $130.00 price objective on shares of Travelers Companies in a research report on Friday, July 13th. ValuEngine upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Wells Fargo & Co restated a “hold” rating and issued a $142.00 price objective on shares of Travelers Companies in a research report on Thursday, July 19th. Finally, TheStreet cut shares of Travelers Companies from a “b” rating to a “c+” rating in a research report on Thursday, July 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $136.36.

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

Shares of TRV opened at $130.99 on Friday. The company has a market capitalization of $34.06 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.02 and a beta of 1.19. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.29. Travelers Companies Inc has a 1 year low of $119.67 and a 1 year high of $150.55.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 18th. The insurance provider reported $2.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.28. The business 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 revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Sell-side analysts anticipate that Travelers Companies Inc will post 9.88 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 10th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Friday, December 7th. Travelers Companies’s dividend payout ratio is currently 42.31%.

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Travelers Companies 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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