Travelers Companies Inc (TRV) Holdings Raised by Synovus Financial Corp

Synovus Financial Corp boosted its position in shares of Travelers Companies Inc (NYSE:TRV) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 119,720 shares of the insurance provider’s stock after acquiring an additional 3,275 shares during the period. Synovus Financial Corp’s holdings in Travelers Companies were worth $14,613,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Squar Milner Financial Services LLC bought a new stake in shares of Travelers Companies during the second quarter valued at approximately $100,000. Acadian Asset Management LLC bought a new stake in shares of Travelers Companies during the second quarter valued at approximately $112,000. American National Bank bought a new stake in shares of Travelers Companies during the second quarter valued at approximately $117,000. Summit Trail Advisors LLC raised its position in shares of Travelers Companies by 13,364.7% during the first quarter. Summit Trail Advisors LLC now owns 121,182 shares of the insurance provider’s stock valued at $121,000 after buying an additional 120,282 shares during the last quarter. Finally, Institutional & Family Asset Management LLC bought a new stake in shares of Travelers Companies during the first quarter valued at approximately $133,000. Institutional investors own 79.42% of the company’s stock.

Shares of TRV opened at $127.73 on Thursday. Travelers Companies Inc has a fifty-two week low of $113.76 and a fifty-two week high of $150.55. The firm has a market capitalization of $34.84 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 1.03 and a beta of 1.28. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, July 19th. The insurance provider reported $1.81 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.62). Travelers Companies had a return on equity of 8.84% and a net margin of 6.89%. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.35 billion. analysts anticipate that Travelers Companies Inc will post 9.95 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Monday, September 10th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Friday, September 7th. Travelers Companies’s dividend payout ratio is presently 42.31%.

TRV has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Monday, April 9th. Wells Fargo & Co set a $142.00 price objective on shares of Travelers Companies and gave the company a “hold” rating in a research report on Tuesday, April 24th. MKM Partners reduced their price objective on shares of Travelers Companies to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 25th. Morgan Stanley reduced their price objective on shares of Travelers Companies from $130.00 to $126.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 25th. Finally, Argus reduced their price objective on shares of Travelers Companies from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, April 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $138.13.

In related news, Vice Chairman Jay S. Benet sold 6,457 shares of the business’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $132.01, for a total value of $852,388.57. Following the sale, the insider now owns 91,757 shares in the company, valued at $12,112,841.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jay S. Benet sold 6,854 shares of the business’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $132.00, for a total transaction of $904,728.00. Following the completion of the sale, the insider now owns 92,154 shares in the company, valued at approximately $12,164,328. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

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.

See Also: What does RSI mean?

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travelers Companies Inc (NYSE:TRV).

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

Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply