Fulton Bank N.A. lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 10,860 shares of the insurance provider’s stock after buying an additional 191 shares during the period. Fulton Bank N.A.’s holdings in The Travelers Companies were worth $1,633,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Mcmillion Capital Management Inc. bought a new stake in The Travelers Companies during the fourth quarter worth $29,000. Regent Peak Wealth Advisors LLC bought a new stake in The Travelers Companies during the fourth quarter worth $30,000. CX Institutional lifted its holdings in The Travelers Companies by 201.2% during the fourth quarter. CX Institutional now owns 253 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 169 shares during the period. Dimension Capital Management LLC bought a new stake in The Travelers Companies during the third quarter worth $30,000. Finally, Charter Oak Capital Management LLC bought a new stake in The Travelers Companies during the fourth quarter worth $42,000. 81.82% of the stock is currently owned by institutional investors.
In other news, CEO Alan D. Schnitzer sold 53,246 shares of the company’s stock in a transaction dated Monday, January 25th. The stock was sold at an average price of $146.10, for a total value of $7,779,240.60. Following the completion of the transaction, the chief executive officer now directly owns 211,637 shares in the company, valued at approximately $30,920,165.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maria Olivo sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 24th. The stock was sold at an average price of $150.63, for a total value of $1,506,300.00. Following the completion of the transaction, the executive vice president now owns 105,060 shares of the company’s stock, valued at $15,825,187.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 94,976 shares of company stock valued at $13,945,178. 0.80% of the stock is owned by company insiders.
The Travelers Companies stock traded down $2.28 during midday trading on Thursday, hitting $150.01. 2,085 shares of the company’s stock were exchanged, compared to its average volume of 1,429,821. The Travelers Companies, Inc. has a 52-week low of $85.10 and a 52-week high of $161.18. The stock has a 50-day moving average price of $151.21 and a two-hundred day moving average price of $136.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market cap of $37.83 billion, a P/E ratio of 17.40, a PEG ratio of 2.06 and a beta of 0.77.
The Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 20th. The insurance provider reported $4.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.18 by $1.73. The Travelers Companies had a return on equity of 8.63% and a net margin of 7.13%. The business had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.08 billion. During the same period in the previous year, the business earned $3.32 earnings per share. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 8.54 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Wednesday, March 10th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.27%. The ex-dividend date was Tuesday, March 9th. The Travelers Companies’s payout ratio is 35.42%.
TRV has been the topic of a number of recent analyst reports. Argus lifted their price target on The Travelers Companies from $138.00 to $156.00 and gave the stock a “buy” rating in a report on Monday, January 25th. Zacks Investment Research lowered The Travelers Companies from a “buy” rating to a “hold” rating and set a $165.00 target price on the stock. in a research note on Monday, March 15th. MKM Partners boosted their target price on The Travelers Companies from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, March 18th. Royal Bank of Canada boosted their target price on The Travelers Companies from $122.00 to $156.00 and gave the company a “sector perform” rating in a research note on Friday, January 22nd. They noted that the move was a valuation call. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on The Travelers Companies from $130.00 to $155.00 and gave the company a “hold” rating in a research note on Monday, January 25th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The Travelers Companies currently has an average rating of “Hold” and an average target price of $149.38.
The 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.
Further Reading: Are sell-side analysts objective?
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV).
Receive News & Ratings for The Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.