Folger Nolan Fleming Douglas Capital Management Inc. Has $666,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Folger Nolan Fleming Douglas Capital Management Inc. lowered its position in The Travelers Companies, Inc. (NYSE:TRVGet Rating) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,939 shares of the insurance provider’s stock after selling 75 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Travelers Companies were worth $666,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. ACG Wealth acquired a new stake in Travelers Companies in the second quarter valued at $25,000. US Asset Management LLC acquired a new stake in shares of Travelers Companies during the 1st quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Travelers Companies during the 1st quarter worth about $32,000. Addison Advisors LLC lifted its stake in shares of Travelers Companies by 293.5% during the 1st quarter. Addison Advisors LLC now owns 181 shares of the insurance provider’s stock worth $33,000 after buying an additional 135 shares during the last quarter. Finally, Kings Point Capital Management lifted its stake in shares of Travelers Companies by 60.7% during the 1st quarter. Kings Point Capital Management now owns 180 shares of the insurance provider’s stock worth $33,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 82.39% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 2,945 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $168.33, for a total value of $495,731.85. Following the completion of the sale, the executive vice president now owns 1,020 shares in the company, valued at approximately $171,696.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.07% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wolfe Research restated a “peer perform” rating on shares of Travelers Companies in a research note on Thursday, June 23rd. Piper Sandler dropped their price objective on shares of Travelers Companies from $190.00 to $175.00 and set a “neutral” rating for the company in a research note on Friday, July 22nd. Jefferies Financial Group dropped their price objective on shares of Travelers Companies from $172.00 to $156.00 and set a “hold” rating for the company in a research note on Tuesday, July 12th. The Goldman Sachs Group cut shares of Travelers Companies from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $190.00 to $170.00 in a research note on Friday, June 3rd. Finally, Barclays dropped their price objective on shares of Travelers Companies from $184.00 to $177.00 and set an “equal weight” rating for the company in a research note on Thursday, July 14th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $174.60.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded down $2.77 during midday trading on Friday, hitting $154.23. 32,864 shares of the company traded hands, compared to its average volume of 1,245,055. The stock has a market cap of $36.60 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 2.87 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The firm’s fifty day moving average price is $162.99 and its 200-day moving average price is $170.43. The Travelers Companies, Inc. has a 12 month low of $145.40 and a 12 month high of $187.98.

Travelers Companies (NYSE:TRVGet Rating) last posted its earnings results on Thursday, July 21st. The insurance provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. The firm had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.29 billion. Travelers Companies had a net margin of 9.97% and a return on equity of 13.64%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.45 EPS. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 13.61 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.41%. Travelers Companies’s payout ratio is presently 25.82%.

Travelers Companies Company Profile

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

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