Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in Travelers Companies Inc (NYSE:TRV) by 2.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,587 shares of the insurance provider’s stock after purchasing an additional 326 shares during the quarter. Travelers Companies accounts for approximately 1.4% of Farmers & Merchants Trust Co of Chambersburg PA’s investment portfolio, making the stock its 24th biggest position. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Travelers Companies were worth $1,589,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Martingale Asset Management L P boosted its stake in Travelers Companies by 0.7% during the 3rd quarter. Martingale Asset Management L P now owns 260,826 shares of the insurance provider’s stock valued at $33,833,000 after purchasing an additional 1,800 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Travelers Companies by 7.8% during the 3rd quarter. Fifth Third Bancorp now owns 5,624 shares of the insurance provider’s stock worth $729,000 after buying an additional 406 shares in the last quarter. LPL Financial LLC lifted its position in shares of Travelers Companies by 0.7% during the 3rd quarter. LPL Financial LLC now owns 80,422 shares of the insurance provider’s stock worth $10,432,000 after buying an additional 533 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Travelers Companies by 692.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 197,395 shares of the insurance provider’s stock worth $25,604,000 after buying an additional 172,479 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Travelers Companies by 11.1% during the 3rd quarter. Pacer Advisors Inc. now owns 14,407 shares of the insurance provider’s stock worth $1,869,000 after buying an additional 1,442 shares in the last quarter. 80.29% of the stock is currently owned by hedge funds and other institutional investors.
TRV has been the topic of several recent analyst reports. Credit Suisse Group reissued a “hold” rating and set a $141.00 target price on shares of Travelers Companies in a research report on Thursday, December 20th. Zacks Investment Research reaffirmed a “sell” rating on shares of Travelers Companies in a report on Monday, December 31st. Morgan Stanley lowered their price target on shares of Travelers Companies from $126.00 to $119.00 and set an “underweight” rating on the stock in a report on Thursday, January 3rd. Barclays raised shares of Travelers Companies from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $135.00 to $145.00 in a report on Wednesday, January 9th. Finally, Compass Point began coverage on shares of Travelers Companies in a report on Tuesday, January 15th. They issued a “buy” rating and a $155.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $139.00.
In other news, Vice Chairman William H. Heyman sold 3,500 shares of the firm’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $133.55, for a total transaction of $467,425.00. Following the sale, the insider now directly owns 243,245 shares in the company, valued at approximately $32,485,369.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alan D. Schnitzer sold 66,228 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $132.22, for a total transaction of $8,756,666.16. Following the sale, the chief executive officer now owns 134,252 shares in the company, valued at $17,750,799.44. The disclosure for this sale can be found here. Insiders sold 118,894 shares of company stock worth $15,566,097 over the last quarter. Insiders own 0.80% of the company’s stock.
Shares of TRV traded down $0.12 during mid-day trading on Monday, reaching $137.60. 14,375 shares of the stock traded hands, compared to its average volume of 1,339,938. The firm has a market capitalization of $35.69 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 1.05 and a beta of 1.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.38 and a quick ratio of 0.38. Travelers Companies Inc has a 1 year low of $111.08 and a 1 year high of $138.99.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Tuesday, January 22nd. The insurance provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.15. The business had revenue of $6.95 billion during the quarter, compared to analyst estimates of $6.92 billion. Travelers Companies had a net margin of 8.32% and a return on equity of 10.69%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.28 earnings per share. On average, analysts expect that Travelers Companies Inc will post 11.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were given a $0.77 dividend. The ex-dividend date was Friday, March 8th. This represents a $3.08 annualized dividend and a yield of 2.24%. Travelers Companies’s payout ratio is presently 34.45%.
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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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