Toronto Dominion Bank Has $23.37 Million Position in Travelers Companies Inc (TRV)

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Toronto Dominion Bank increased its position in Travelers Companies Inc (NYSE:TRV) by 3.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 180,201 shares of the insurance provider’s stock after buying an additional 5,907 shares during the quarter. Toronto Dominion Bank’s holdings in Travelers Companies were worth $23,368,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Eqis Capital Management Inc. boosted its stake in Travelers Companies by 4.5% in the 2nd quarter. Eqis Capital Management Inc. now owns 9,113 shares of the insurance provider’s stock worth $1,115,000 after purchasing an additional 390 shares during the period. Weatherstone Capital Management boosted its stake in Travelers Companies by 14.8% in the 3rd quarter. Weatherstone Capital Management now owns 3,149 shares of the insurance provider’s stock worth $408,000 after purchasing an additional 405 shares during the period. Elmwood Wealth Management Inc. boosted its stake in Travelers Companies by 6.3% in the 3rd quarter. Elmwood Wealth Management Inc. now owns 7,096 shares of the insurance provider’s stock worth $920,000 after purchasing an additional 420 shares during the period. CIBC Asset Management Inc boosted its stake in Travelers Companies by 1.6% in the 2nd quarter. CIBC Asset Management Inc now owns 26,640 shares of the insurance provider’s stock worth $3,259,000 after purchasing an additional 425 shares during the period. Finally, Clean Yield Group boosted its stake in Travelers Companies by 26.0% in the 2nd quarter. Clean Yield Group now owns 2,068 shares of the insurance provider’s stock worth $253,000 after purchasing an additional 427 shares during the period. 79.41% of the stock is owned by institutional investors.

TRV has been the subject of several recent analyst reports. MKM Partners dropped their price target on Travelers Companies to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 24th. ValuEngine upgraded Travelers Companies from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. Citigroup upped their price target on Travelers Companies from $144.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, July 30th. Credit Suisse Group initiated coverage on Travelers Companies in a research report on Tuesday, August 7th. They set a “neutral” rating and a $141.00 target price for the company. Finally, B. Riley increased their target price on Travelers Companies from $118.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $136.36.

In related news, Vice Chairman Jay S. Benet sold 8,876 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $132.00, for a total value of $1,171,632.00. Following the completion of the sale, the insider now directly owns 94,176 shares in the company, valued at $12,431,232. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Andy F. Bessette sold 1,666 shares of the firm’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $126.17, for a total value of $210,199.22. Following the completion of the sale, the executive vice president now owns 8,457 shares of the company’s stock, valued at $1,067,019.69. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.

NYSE TRV opened at $128.77 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.29. The company has a market cap of $32.59 billion, a PE ratio of 17.69, a PEG ratio of 0.98 and a beta of 1.19. Travelers Companies Inc has a one year low of $119.67 and a one year high of $150.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 18th. The insurance provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.28. The firm had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.83 billion. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. On average, sell-side analysts expect that Travelers Companies Inc will post 9.88 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 10th will be given a $0.77 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $3.08 dividend on an annualized basis and a yield of 2.39%. Travelers Companies’s dividend payout ratio is presently 42.31%.

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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.

Read More: What is Compound Annual Growth Rate (CAGR)?

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travelers Companies Inc (NYSE:TRV).

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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