American Trust Has $316,000 Stake in The Travelers Companies, Inc. (NYSE:TRV)

American Trust decreased its stake in The Travelers Companies, Inc. (NYSE:TRVGet Rating) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,728 shares of the insurance provider’s stock after selling 127 shares during the quarter. American Trust’s holdings in Travelers Companies were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Trust Co. lifted its stake in Travelers Companies by 1.6% in the first quarter. Fiduciary Trust Co. now owns 6,431 shares of the insurance provider’s stock valued at $1,175,000 after buying an additional 99 shares during the period. Kings Point Capital Management raised its position in shares of Travelers Companies by 60.7% during the first quarter. Kings Point Capital Management now owns 180 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 68 shares during the period. Graypoint LLC raised its position in shares of Travelers Companies by 115.5% during the first quarter. Graypoint LLC now owns 2,974 shares of the insurance provider’s stock worth $543,000 after purchasing an additional 1,594 shares during the period. Prospera Financial Services Inc raised its position in shares of Travelers Companies by 12.6% during the first quarter. Prospera Financial Services Inc now owns 3,547 shares of the insurance provider’s stock worth $649,000 after purchasing an additional 398 shares during the period. Finally, Anchor Capital Advisors LLC acquired a new stake in shares of Travelers Companies during the first quarter worth about $219,000. Institutional investors and hedge funds own 82.39% of the company’s stock.

Travelers Companies Stock Down 1.1 %

TRV stock opened at $162.33 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $163.26 and a two-hundred day moving average price of $170.77. The company has a market cap of $38.52 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 2.97 and a beta of 0.61. The Travelers Companies, Inc. has a twelve month low of $145.40 and a twelve month high of $187.98.

Travelers Companies (NYSE:TRVGet Rating) last posted its quarterly earnings results on Thursday, July 21st. The insurance provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.57. Travelers Companies had a return on equity of 13.64% and a net margin of 9.97%. The firm had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same period last year, the company earned $3.45 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. Analysts anticipate that The Travelers Companies, Inc. will post 13.61 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $3.72 annualized dividend and a dividend yield of 2.29%. Travelers Companies’s dividend payout ratio is currently 25.82%.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 2,945 shares of Travelers Companies stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $168.33, for a total transaction of $495,731.85. Following the completion of the transaction, the executive vice president now directly owns 1,020 shares in the company, valued at approximately $171,696.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.07% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TRV has been the topic of a number of research analyst reports. Raymond James raised Travelers Companies from a “market perform” rating to a “strong-buy” rating and set a $185.00 price target on the stock in a research report on Monday, July 25th. Piper Sandler dropped their price target on Travelers Companies from $190.00 to $175.00 and set a “neutral” rating on the stock in a research report on Friday, July 22nd. Morgan Stanley dropped their price target on Travelers Companies from $181.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Friday, August 19th. Wolfe Research reissued a “peer perform” rating on shares of Travelers Companies in a research report on Thursday, June 23rd. Finally, StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $174.60.

Travelers Companies 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.

Further Reading

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

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