First National Trust Co Sells 417 Shares of The Travelers Companies, Inc. $TRV

by · The Cerbat Gem

First National Trust Co trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,114 shares of the insurance provider’s stock after selling 417 shares during the period. First National Trust Co’s holdings in Travelers Companies were worth $2,171,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TRV. Valeo Financial Advisors LLC raised its stake in shares of Travelers Companies by 71,265.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after purchasing an additional 3,611,758 shares during the period. Nuveen LLC bought a new stake in Travelers Companies in the 1st quarter valued at about $294,755,000. Bahl & Gaynor Inc. raised its stake in Travelers Companies by 41.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after acquiring an additional 490,039 shares during the period. Goldman Sachs Group Inc. raised its stake in Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after acquiring an additional 390,104 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in Travelers Companies by 86.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider’s stock valued at $197,686,000 after acquiring an additional 342,666 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insider Activity at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.46% of the company’s stock.

Travelers Companies Trading Down 0.8%

Shares of TRV opened at $268.30 on Wednesday. The business’s 50-day moving average price is $274.22 and its 200-day moving average price is $267.65. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $287.95. The stock has a market cap of $59.85 billion, a PE ratio of 10.55, a P/E/G ratio of 2.43 and a beta of 0.51. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV – Get Free Report) last announced its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating the consensus estimate of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $11.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same period in the prior year, the business posted $5.24 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio is currently 17.30%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TRV. Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Wolfe Research began coverage on Travelers Companies in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. Wells Fargo & Company restated a “positive” rating on shares of Travelers Companies in a research note on Friday, October 17th. Morgan Stanley boosted their price objective on Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a research note on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $291.31.

View Our Latest Research Report on TRV

Travelers Companies Profile

(Free Report)

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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