Toronto Dominion Bank Has $22.96 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Toronto Dominion Bank trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 17.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,901 shares of the insurance provider’s stock after selling 23,126 shares during the quarter. Toronto Dominion Bank’s holdings in Travelers Companies were worth $22,957,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Drive Wealth Management LLC grew its holdings in Travelers Companies by 2.8% in the 2nd quarter. Drive Wealth Management LLC now owns 1,771 shares of the insurance provider’s stock valued at $360,000 after buying an additional 48 shares in the last quarter. Wealth Quarterback LLC grew its holdings in Travelers Companies by 1.1% in the 4th quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock valued at $825,000 after buying an additional 49 shares in the last quarter. Kapitalo Investimentos Ltda grew its holdings in Travelers Companies by 24.1% in the 4th quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock valued at $48,000 after buying an additional 49 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Travelers Companies by 9.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock valued at $129,000 after buying an additional 50 shares in the last quarter. Finally, Norwood Financial Corp grew its holdings in Travelers Companies by 16.1% in the 1st quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock valued at $83,000 after buying an additional 50 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV stock opened at $236.10 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The company has a market cap of $54.07 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $243.48. The business has a fifty day simple moving average of $222.65 and a 200 day simple moving average of $217.94.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). The firm had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. Travelers Companies’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 earnings per share. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a $1.05 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.78%. Travelers Companies’s dividend payout ratio is presently 31.20%.

Wall Street Analyst Weigh In

A number of brokerages have commented on TRV. Barclays began coverage on Travelers Companies in a report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price objective on the stock. Bank of America increased their target price on Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a report on Monday, July 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $225.00 target price on shares of Travelers Companies in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft increased their target price on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley reduced their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $227.05.

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.