The Travelers Companies, Inc. $TRV Shares Sold by Legacy Trust

Legacy Trust cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 8.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 963 shares of the insurance provider’s stock after selling 88 shares during the period. Legacy Trust’s holdings in Travelers Companies were worth $258,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC boosted its holdings in Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Travelers Companies during the 1st quarter worth approximately $26,000. Missouri Trust & Investment Co boosted its holdings in shares of Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in shares of Travelers Companies in the 1st quarter valued at $32,000. Finally, Nova Wealth Management Inc. acquired a new stake in Travelers Companies during the 2nd quarter worth $32,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Up 1.7%

Travelers Companies stock opened at $284.93 on Friday. The stock has a 50 day moving average of $271.60 and a two-hundred day moving average of $265.48. The Travelers Companies, Inc. has a twelve month low of $224.62 and a twelve month high of $286.17. The stock has a market capitalization of $64.15 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 3.27 and a beta of 0.51. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the previous year, the company posted $2.51 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s dividend payout ratio is presently 19.46%.

Insider Buying and Selling at Travelers Companies

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the sale, the executive vice president owned 18,416 shares in the company, valued at $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on TRV. Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a research note on Wednesday. Citigroup initiated coverage on Travelers Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 target price for the company. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group boosted their price objective on Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Finally, Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $284.56.

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.