Avalon Trust Co Raises Position in The Travelers Companies, Inc. $TRV

Avalon Trust Co raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 23.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,541 shares of the insurance provider’s stock after buying an additional 1,429 shares during the quarter. Avalon Trust Co’s holdings in Travelers Companies were worth $2,018,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. D Orazio & Associates Inc. boosted its holdings in shares of Travelers Companies by 14.9% in the 2nd quarter. D Orazio & Associates Inc. now owns 1,429 shares of the insurance provider’s stock worth $382,000 after purchasing an additional 185 shares in the last quarter. ABN Amro Investment Solutions purchased a new stake in Travelers Companies in the second quarter worth approximately $954,000. Police & Firemen s Retirement System of New Jersey grew its position in Travelers Companies by 4.6% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 34,358 shares of the insurance provider’s stock valued at $9,192,000 after acquiring an additional 1,506 shares during the last quarter. Bailard Inc. raised its stake in shares of Travelers Companies by 5.2% during the second quarter. Bailard Inc. now owns 4,685 shares of the insurance provider’s stock worth $1,253,000 after acquiring an additional 231 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Travelers Companies by 1.0% during the second quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock worth $1,481,805,000 after acquiring an additional 54,363 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.1%

TRV opened at $286.19 on Thursday. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $288.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The business has a 50 day simple moving average of $274.91 and a two-hundred day simple moving average of $269.31. The firm has a market capitalization of $63.84 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 2.38 and a beta of 0.55.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. The firm had revenue of $11.47 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $5.24 EPS. Analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a $1.10 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.5%. Travelers Companies’s payout ratio is 17.30%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. This represents a 20.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 50,392 shares of company stock valued at $13,945,170. 1.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Barclays set a $313.00 target price on shares of Travelers Companies in a research report on Wednesday, October 8th. Citigroup initiated coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price target for the company. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, JPMorgan Chase & Co. boosted their target price on Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $291.31.

About Travelers Companies

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.