Pratt Collard Advisory Partners LLC reduced its position in Travelers Companies Inc (NYSE:TRV) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,024 shares of the insurance provider’s stock after selling 187 shares during the period. Travelers Companies accounts for about 1.6% of Pratt Collard Advisory Partners LLC’s investment portfolio, making the stock its 19th biggest position. Pratt Collard Advisory Partners LLC’s holdings in Travelers Companies were worth $2,085,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of TRV. BLB&B Advisors LLC grew its stake in Travelers Companies by 1.5% in the second quarter. BLB&B Advisors LLC now owns 4,788 shares of the insurance provider’s stock worth $716,000 after purchasing an additional 70 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in Travelers Companies by 0.3% during the second quarter. Pinnacle Associates Ltd. now owns 24,817 shares of the insurance provider’s stock worth $3,711,000 after buying an additional 71 shares during the period. Cibc Bank USA lifted its holdings in Travelers Companies by 2.4% during the second quarter. Cibc Bank USA now owns 3,194 shares of the insurance provider’s stock worth $478,000 after buying an additional 76 shares during the period. Motco lifted its holdings in Travelers Companies by 65.6% during the second quarter. Motco now owns 207 shares of the insurance provider’s stock worth $31,000 after buying an additional 82 shares during the period. Finally, Copperwynd Financial LLC lifted its holdings in Travelers Companies by 2.4% during the second quarter. Copperwynd Financial LLC now owns 3,567 shares of the insurance provider’s stock worth $533,000 after buying an additional 85 shares during the period. Institutional investors own 81.41% of the company’s stock.
A number of analysts have weighed in on the company. Deutsche Bank lowered Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 target price for the company. in a report on Thursday, June 27th. UBS Group increased their price objective on Travelers Companies from $146.00 to $152.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Morgan Stanley decreased their price objective on Travelers Companies from $140.00 to $136.00 and set an “underweight” rating for the company in a report on Thursday, August 15th. ValuEngine lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada increased their price objective on Travelers Companies to $160.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $147.67.
Travelers Companies (NYSE:TRV) last issued its earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.32 by ($0.30). The firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $7.03 billion. Travelers Companies had a return on equity of 10.73% and a net margin of 8.65%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned $1.81 EPS. On average, sell-side analysts predict that Travelers Companies Inc will post 10.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were paid a $0.82 dividend. The ex-dividend date was Monday, September 9th. This represents a $3.28 dividend on an annualized basis and a yield of 2.32%. Travelers Companies’s dividend payout ratio (DPR) is 36.69%.
In other Travelers Companies news, EVP Andy F. Bessette sold 11,650 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $146.85, for a total transaction of $1,710,802.50. Following the sale, the executive vice president now directly owns 21,259 shares of the company’s stock, valued at approximately $3,121,884.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip T. Ruegger III purchased 700 shares of the business’s stock in a transaction on Monday, August 19th. The shares were bought at an average cost of $147.49 per share, for a total transaction of $103,243.00. The disclosure for this purchase can be found here. Insiders have sold a total of 56,566 shares of company stock worth $8,347,056 over the last ninety days. 0.73% of the stock is owned by insiders.
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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