Cullinan Associates Inc. reduced its position in shares of Travelers Companies Inc (NYSE:TRV) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,816 shares of the insurance providers stock after selling 637 shares during the period. Cullinan Associates Inc.s holdings in Travelers Companies were worth $2,389,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in TRV. Great West Life Assurance Co. Can increased its stake in shares of Travelers Companies by 0.5% in the third quarter. Great West Life Assurance Co. Can now owns 596,098 shares of the insurance providers stock worth $68,288,000 after buying an additional 3,145 shares during the last quarter. Hermes Investment Management Ltd. increased its stake in shares of Travelers Companies by 13.9% in the third quarter. Hermes Investment Management Ltd. now owns 647,747 shares of the insurance providers stock worth $74,199,000 after buying an additional 78,929 shares during the last quarter. Denali Advisors LLC purchased a new stake in shares of Travelers Companies during the third quarter worth approximately $2,131,000. Aperio Group LLC increased its stake in shares of Travelers Companies by 20.9% in the third quarter. Aperio Group LLC now owns 411,441 shares of the insurance providers stock worth $47,131,000 after buying an additional 71,147 shares during the last quarter. Finally, Advisor Partners LLC increased its stake in shares of Travelers Companies by 7.6% in the third quarter. Advisor Partners LLC now owns 9,404 shares of the insurance providers stock worth $1,077,000 after buying an additional 665 shares during the last quarter. Hedge funds and other institutional investors own 80.36% of the companys stock.
Shares of Travelers Companies Inc (NYSE:TRV) traded down 0.01% on Wednesday, hitting $120.74. The company had a trading volume of 271,150 shares. The stock has a market cap of $33.77 billion, a PE ratio of 11.75 and a beta of 1.06. The company has a 50-day moving average of $121.79 and a 200 day moving average of $117.45. Travelers Companies Inc has a 12 month low of $103.45 and a 12 month high of $125.49.
Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, January 24th. The insurance provider reported $3.20 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $2.63 by $0.57. The firm had revenue of $7.19 billion for the quarter, compared to analyst estimates of $6.99 billion. Travelers Companies had a net margin of 10.92% and a return on equity of 12.29%. The companys revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.90 EPS. Analysts anticipate that Travelers Companies Inc will post $9.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 10th were paid a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $2.68 annualized dividend and a yield of 2.22%. Travelers Companiess dividend payout ratio is presently 26.10%.
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TRV has been the subject of a number of recent analyst reports. Atlantic Securities downgraded shares of Travelers Companies from a neutral rating to an underweight rating and set a $110.00 price objective for the company. in a research report on Friday, January 6th. Barclays PLC reiterated a hold rating and set a $117.00 price target on shares of Travelers Companies in a research report on Monday, January 9th. FBR & Co reiterated a buy rating on shares of Travelers Companies in a research report on Wednesday, January 25th. Macquarie upgraded shares of Travelers Companies from an underperform rating to an outperform rating in a research report on Tuesday, January 17th. Finally, Morgan Stanley downgraded shares of Travelers Companies from an equal weight rating to an underweight rating and reduced their price target for the company from $120.25 to $110.00 in a research report on Thursday, January 5th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Travelers Companies currently has a consensus rating of Hold and an average price target of $117.91.
In other Travelers Companies news, CEO Alan D. Schnitzer sold 75,121 shares of the companys stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $117.49, for a total value of $8,825,966.29. Following the transaction, the chief executive officer now owns 100,836 shares in the company, valued at approximately $11,847,221.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 11,000 shares of the companys stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $119.57, for a total transaction of $1,315,270.00. Following the completion of the transaction, the insider now owns 229,254 shares in the company, valued at approximately $27,411,900.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,408 shares of company stock worth $15,539,032. Company insiders own 1.34% of the companys stock.
The Travelers Companies, Inc is a holding company. The Companys segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.