Riverview Trust Co acquired a new position in The Travelers Companies, Inc. (NYSE:TRV – Get Rating) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 194 shares of the insurance provider’s stock, valued at approximately $35,000.
Other hedge funds also recently modified their holdings of the company. Retirement Planning Co of New England Inc. purchased a new stake in Travelers Companies during the 4th quarter worth approximately $26,000. Widmann Financial Services Inc. purchased a new stake in Travelers Companies during the 4th quarter worth approximately $28,000. US Asset Management LLC purchased a new stake in Travelers Companies during the 1st quarter worth approximately $28,000. Concord Wealth Partners increased its stake in Travelers Companies by 347.6% during the 4th quarter. Concord Wealth Partners now owns 188 shares of the insurance provider’s stock worth $29,000 after buying an additional 146 shares during the period. Finally, FSB Premier Wealth Management Inc. purchased a new stake in Travelers Companies during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 83.20% of the company’s stock.
TRV has been the topic of several recent research reports. Wolfe Research reaffirmed a “peer perform” rating on shares of Travelers Companies in a research note on Thursday, June 23rd. The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $190.00 to $170.00 in a research report on Friday, June 3rd. Citigroup started coverage on shares of Travelers Companies in a research report on Monday, May 23rd. They issued a “neutral” rating and a $179.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $172.00 to $180.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 12th. Finally, Morgan Stanley dropped their price objective on shares of Travelers Companies from $184.00 to $181.00 and set an “equal weight” rating on the stock in a research report on Monday, May 23rd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $176.85.
Shares of Travelers Companies stock opened at $171.18 on Friday. The company has a fifty-day simple moving average of $171.25 and a 200-day simple moving average of $171.27. The Travelers Companies, Inc. has a 12-month low of $145.40 and a 12-month high of $187.98. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a market cap of $41.08 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 3.58 and a beta of 0.70.
Travelers Companies (NYSE:TRV – Get Rating) last issued its earnings results on Tuesday, April 19th. The insurance provider reported $4.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.52. Travelers Companies had a net margin of 11.18% and a return on equity of 13.78%. The business had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.03 billion. During the same quarter in the previous year, the business posted $2.73 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts forecast that The Travelers Companies, Inc. will post 13.5 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Friday, June 10th were paid a dividend of $0.93 per share. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $3.72 dividend on an annualized basis and a yield of 2.17%. This is a boost from Travelers Companies’ previous quarterly dividend of $0.88. Travelers Companies’s dividend payout ratio is currently 23.54%.
In related news, Vice Chairman William H. Heyman sold 3,013 shares of the stock in a transaction on Thursday, April 21st. The shares were sold at an average price of $179.19, for a total transaction of $539,899.47. Following the completion of the sale, the insider now owns 251,605 shares in the company, valued at approximately $45,085,099.95. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 16,710 shares of the stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $177.81, for a total transaction of $2,971,205.10. Following the sale, the chief financial officer now owns 5,640 shares of the company’s stock, valued at approximately $1,002,848.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,894 shares of company stock valued at $8,451,233. 1.07% of the stock is owned by company insiders.
About Travelers Companies: (Get Rating)
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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