Dohj LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,542 shares of the insurance provider’s stock after acquiring an additional 169 shares during the period. Dohj LLC’s holdings in The Travelers Companies were worth $530,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital International Investors raised its position in The Travelers Companies by 9.0% during the 1st quarter. Capital International Investors now owns 16,498,274 shares of the insurance provider’s stock valued at $2,481,340,000 after purchasing an additional 1,360,774 shares during the last quarter. Cullen Capital Management LLC grew its holdings in shares of The Travelers Companies by 291.0% during the 1st quarter. Cullen Capital Management LLC now owns 666,326 shares of the insurance provider’s stock worth $100,215,000 after acquiring an additional 495,899 shares during the period. BlackRock Inc. grew its holdings in shares of The Travelers Companies by 2.1% during the 1st quarter. BlackRock Inc. now owns 20,745,317 shares of the insurance provider’s stock worth $3,120,096,000 after acquiring an additional 423,085 shares during the period. Citigroup Inc. grew its holdings in shares of The Travelers Companies by 59.9% during the 1st quarter. Citigroup Inc. now owns 769,570 shares of the insurance provider’s stock worth $115,743,000 after acquiring an additional 288,358 shares during the period. Finally, Marathon Asset Management LLP grew its holdings in shares of The Travelers Companies by 27.5% during the 2nd quarter. Marathon Asset Management LLP now owns 1,200,258 shares of the insurance provider’s stock worth $179,691,000 after acquiring an additional 258,798 shares during the period. 81.84% of the stock is owned by institutional investors.
A number of research firms have weighed in on TRV. William Blair reiterated an “outperform” rating on shares of The Travelers Companies in a report on Wednesday, July 21st. Wolfe Research began coverage on The Travelers Companies in a research note on Monday, August 16th. They issued an “outperform” rating and a $180.00 price target on the stock. upped their price target on The Travelers Companies from $155.00 to $160.00 and gave the stock a “neutral” rating in a research note on Monday, June 21st. Morgan Stanley upped their price target on The Travelers Companies from $166.00 to $168.00 and gave the stock an “equal weight” rating in a research note on Monday, August 16th. Finally, Bank of America cut The Travelers Companies from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $171.00 to $161.00 in a research report on Thursday, July 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, The Travelers Companies presently has a consensus rating of “Hold” and an average target price of $161.69.
TRV stock traded up $0.44 during trading on Wednesday, reaching $156.79. The company’s stock had a trading volume of 11,977 shares, compared to its average volume of 1,231,312. The Travelers Companies, Inc. has a 1 year low of $105.67 and a 1 year high of $163.29. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $39.12 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 2.03 and a beta of 0.76. The company’s fifty day moving average is $155.06 and its 200-day moving average is $154.63.
The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Monday, July 19th. The insurance provider reported $3.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.39 by $1.06. The Travelers Companies had a return on equity of 12.71% and a net margin of 11.30%. The business had revenue of $7.62 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the prior year, the business posted ($0.20) EPS. The Travelers Companies’s revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts anticipate that The Travelers Companies, Inc. will post 12.25 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Friday, September 10th will be paid a $0.88 dividend. The ex-dividend date is Thursday, September 9th. This represents a $3.52 dividend on an annualized basis and a yield of 2.25%. The Travelers Companies’s payout ratio is presently 33.59%.
About The Travelers Companies
The Travelers Cos., Inc is a holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following business segments: Business Insurance, Bond and Specialty Insurance, and Personal Insurance. The Business Insurance segment offers a broad array of property and casualty insurance, and insurance related services to its customers.
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