With many preferring that The Travelers Companies, Inc. reinvest its earnings back into its trade to fuel future growth, a lot acknowledges a generous cash dividend payment.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Community Bank N.A. raised its stake in shares of The Travelers Companies by 91.3% in the third quarter. CWM LLC now owns 794 shares of the insurance provider's stock worth $100,000 after buying an additional 37 shares during the period. Intellectus Partners LLC grew its stake in shares of The Travelers Companies by 4.6% during the second quarter.
Hartford Investment Management Co increased its stake in Travelers Companies Inc (TRV) by 41.09% based on its latest 2017Q2 regulatory filing with the SEC. Westpac Banking Corp raised its stake in shares of The Travelers Companies by 3.6% in the third quarter. Tradewinds Capital Management LLC now owns 905 shares of the insurance provider's stock worth $115,000 after buying an additional 10 shares during the period. The stock was purchased at an average cost of $107.19 per share, with a total value of $214,380.00. Hallmark Capital Management Inc. now owns 13,930 shares of the insurance provider's stock worth $1,707,000 after purchasing an additional 545 shares during the last quarter.
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The Travelers Companies, Inc. has a fifty-two week low of $110.40 and a fifty-two week high of $135.71. (NYSE:TRV) slipped over -1.64% at $133.32. The company had a trading volume of 672,993 shares, compared to its average volume of 1,488,325. The stock has a market cap of $37,096.74, a PE ratio of 16.55, a P/E/G ratio of 2.50 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.41 and a quick ratio of 0.41.
ILLEGAL ACTIVITY NOTICE: "The Travelers Companies, Inc". (TRV) have shown a high EPS growth of 25.00% in the last 5 years and has earnings decline of -5.50% yoy. The company's quarterly EPS surprised Wall Street by as much as 98% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. The Travelers Companies had a return on equity of 9.87% and a net margin of 8.56%. During the same period in the previous year, the business posted $2.40 earnings per share. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. equities analysts forecast that The Travelers Companies, Inc. will post 7.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be given a $0.72 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.88 annualized dividend and a dividend yield of 2.15%. The Travelers Companies's dividend payout ratio is presently 33.45%. ValuEngine upgraded shares of The Travelers Companies from a "hold" rating to a "buy" rating in a report on Friday, September 1st. This buyback authorization authorizes the insurance provider to buy shares of its stock through open market purchases. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. If you are accessing this story on another site, it was copied illegally and reposted in violation of US & worldwide trademark & copyright law. The original version of this news story can be viewed at https://www.truebluetribune.com/2017/11/16/old-mutual-global-investors-uk-ltd-has-52-73-million-position-in-the-travelers-companies-inc-trv.html. Morgan Stanley maintained Travelers Companies Inc (NYSE:TRV) on Friday, October 20 with "Underweight" rating. Buckingham Research assumed coverage on The Travelers Companies in a report on Monday, September 11th. The rating was maintained by Wells Fargo with "Hold" on Thursday, July 20. Zacks Investment Research lowered shares of The Travelers Companies from a "hold" rating to a "sell" rating in a report on Tuesday, September 5th. Royal Bank Of Canada reissued a "buy" rating and set a $135.00 price target on shares of The Travelers Companies in a report on Monday, August 21st. The stock has an average rating of "Hold" and a consensus price target of $128.54. Tredje Ap-fonden cut its ownership by selling 8,440 shares a decrease of 16.0%.
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