BB&T Securities LLC increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 7.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 152,831 shares of the insurance provider’s stock after buying an additional 10,445 shares during the period. BB&T Securities LLC’s holdings in The Travelers Companies were worth $18,421,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in TRV. First Personal Financial Services boosted its position in The Travelers Companies by 133.3% in the first quarter. First Personal Financial Services now owns 889 shares of the insurance provider’s stock worth $107,000 after buying an additional 508 shares during the period. Bartlett & Co. LLC boosted its position in The Travelers Companies by 30.0% in the first quarter. Bartlett & Co. LLC now owns 1,399 shares of the insurance provider’s stock worth $169,000 after buying an additional 323 shares during the period. Community Bank N.A. boosted its position in The Travelers Companies by 39.0% in the first quarter. Community Bank N.A. now owns 1,425 shares of the insurance provider’s stock worth $172,000 after buying an additional 400 shares during the period. Clean Yield Group bought a new position in The Travelers Companies during the first quarter worth approximately $176,000. Finally, Rockefeller Financial Services Inc. boosted its position in The Travelers Companies by 14.3% in the first quarter. Rockefeller Financial Services Inc. now owns 1,563 shares of the insurance provider’s stock worth $188,000 after buying an additional 195 shares during the period. 78.13% of the stock is owned by hedge funds and other institutional investors.
The Travelers Companies, Inc. (NYSE TRV) opened at 127.17 on Monday. The firm has a market cap of $35.53 billion, a P/E ratio of 12.51 and a beta of 1.21. The Travelers Companies, Inc. has a 1-year low of $103.45 and a 1-year high of $129.60. The company has a 50-day moving average price of $124.75 and a 200-day moving average price of $121.62.
The Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, April 20th. The insurance provider reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.40 by $0.24. The firm had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.25 billion. The Travelers Companies had a return on equity of 12.01% and a net margin of 10.55%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.33 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post $9.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 9th were paid a dividend of $0.72 per share. This is an increase from The Travelers Companies’s previous quarterly dividend of $0.67. The ex-dividend date was Wednesday, June 7th. This represents a $2.88 annualized dividend and a dividend yield of 2.26%. The Travelers Companies’s dividend payout ratio is presently 28.40%.
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A number of equities analysts have commented on the stock. Vetr raised shares of The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 price objective for the company in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of The Travelers Companies in a research report on Tuesday, June 20th. Morgan Stanley reissued an “underweight” rating and issued a $119.00 target price (up previously from $112.00) on shares of The Travelers Companies in a research report on Friday. Bank of America Corporation cut shares of The Travelers Companies from a “buy” rating to a “neutral” rating and boosted their target price for the company from $120.62 to $129.44 in a research report on Monday, June 19th. Finally, BidaskClub raised shares of The Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $122.86.
In other The Travelers Companies news, EVP John P. Clifford, Jr. sold 5,500 shares of the firm’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $120.92, for a total value of $665,060.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $126.98, for a total value of $700,675.64. Following the completion of the transaction, the insider now owns 82,824 shares of the company’s stock, valued at approximately $10,516,991.52. The disclosure for this sale can be found here. Insiders have sold a total of 179,228 shares of company stock valued at $21,841,643 in the last quarter. 0.82% of the stock is owned by corporate insiders.
The Travelers Companies Company Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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