Atlantic Union Bankshares Corp Grows Position in The Travelers Companies, Inc. $TRV

Atlantic Union Bankshares Corp raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 18.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,649 shares of the insurance provider’s stock after acquiring an additional 1,628 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Travelers Companies were worth $2,849,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. PFG Advisors grew its stake in Travelers Companies by 108.8% during the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock worth $1,125,000 after buying an additional 2,217 shares during the period. Greatmark Investment Partners Inc. boosted its position in Travelers Companies by 3.0% during the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock worth $16,120,000 after purchasing an additional 1,772 shares during the period. Atlas Capital Advisors Inc. increased its holdings in Travelers Companies by 890.9% in the 1st quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock valued at $1,205,000 after purchasing an additional 4,098 shares in the last quarter. BNP Paribas Financial Markets raised its position in Travelers Companies by 25.4% in the first quarter. BNP Paribas Financial Markets now owns 480,633 shares of the insurance provider’s stock valued at $127,108,000 after purchasing an additional 97,247 shares during the period. Finally, Fidelis Capital Partners LLC raised its position in Travelers Companies by 163.1% in the first quarter. Fidelis Capital Partners LLC now owns 2,828 shares of the insurance provider’s stock valued at $733,000 after purchasing an additional 1,753 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TRV shares. Wolfe Research initiated coverage on Travelers Companies in a research report on Monday, September 15th. They issued a “peer perform” rating for the company. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research note on Thursday, October 9th. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $291.31.

Insiders Place Their Bets

In other news, CFO Daniel S. Frey sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the transaction, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,493,829. This trade represents a 48.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 50,392 shares of company stock valued at $13,945,170. Company insiders own 1.46% of the company’s stock.

Travelers Companies Trading Up 1.2%

Shares of NYSE TRV opened at $279.52 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $274.23 and its two-hundred day moving average price is $268.74. The Travelers Companies, Inc. has a 52-week low of $230.23 and a 52-week high of $287.95. The stock has a market capitalization of $62.35 billion, a P/E ratio of 10.99, a PEG ratio of 2.38 and a beta of 0.55.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. The business had revenue of $11.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $5.24 EPS. On average, analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is 17.30%.

Travelers Companies Company 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.