Appleton Partners Inc. MA lifted its position in Travelers Companies Inc (NYSE:TRV) by 12.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,695 shares of the insurance provider’s stock after purchasing an additional 296 shares during the quarter. Appleton Partners Inc. MA’s holdings in Travelers Companies were worth $370,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sontag Advisory LLC purchased a new stake in Travelers Companies during the 4th quarter valued at about $27,000. Oregon Public Employees Retirement Fund boosted its holdings in Travelers Companies by 11,730.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 3,495,996 shares during the period. Global Retirement Partners LLC boosted its holdings in Travelers Companies by 120.5% during the 4th quarter. Global Retirement Partners LLC now owns 247 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 135 shares during the period. Clarfeld Financial Advisors LLC purchased a new stake in Travelers Companies during the 4th quarter valued at about $31,000. Finally, Transamerica Financial Advisors Inc. boosted its holdings in Travelers Companies by 401.5% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 331 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 265 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.
Several equities research analysts recently weighed in on the company. UBS Group increased their target price on Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Compass Point assumed coverage on Travelers Companies in a report on Tuesday, January 15th. They set a “buy” rating and a $155.00 target price for the company. Barclays upgraded Travelers Companies from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $135.00 to $145.00 in a report on Wednesday, January 9th. Zacks Investment Research restated a “sell” rating on shares of Travelers Companies in a report on Monday, December 31st. Finally, Royal Bank of Canada restated a “neutral” rating and set a $145.00 target price on shares of Travelers Companies in a report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. Travelers Companies has an average rating of “Hold” and a consensus target price of $139.92.
Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, April 18th. The insurance provider reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. The business had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.94 billion. Travelers Companies had a return on equity of 10.69% and a net margin of 8.32%. Travelers Companies’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.46 EPS. Equities research analysts forecast that Travelers Companies Inc will post 11.11 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a dividend of $0.82 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $0.77. The ex-dividend date is Friday, June 7th. This represents a $3.28 dividend on an annualized basis and a yield of 2.36%. Travelers Companies’s dividend payout ratio is presently 34.45%.
In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $133.55, for a total transaction of $467,425.00. Following the completion of the transaction, the insider now owns 243,245 shares of the company’s stock, valued at approximately $32,485,369.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory C. Toczydlowski sold 4,450 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $132.57, for a total value of $589,936.50. Following the transaction, the executive vice president now directly owns 13,219 shares of the company’s stock, valued at approximately $1,752,442.83. The disclosure for this sale can be found here. Insiders have sold a total of 118,894 shares of company stock valued at $15,566,097 in the last ninety days. 0.80% of the stock is currently owned by corporate insiders.
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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