Whittier Trust Co. Sells 43 Shares of The Travelers Companies, Inc. $TRV

Whittier Trust Co. trimmed its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,825 shares of the insurance provider’s stock after selling 43 shares during the quarter. Whittier Trust Co.’s holdings in Travelers Companies were worth $14,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC grew its position in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new position in Travelers Companies during the 1st quarter worth approximately $26,000. Missouri Trust & Investment Co grew its position in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Nova Wealth Management Inc. bought a new position in Travelers Companies during the 2nd quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC bought a new position in Travelers Companies during the 1st quarter worth approximately $32,000. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday. Citigroup assumed coverage on Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price objective for the company. Morgan Stanley increased their price objective on Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. Finally, Wells Fargo & Company reiterated a “positive” rating on shares of Travelers Companies in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $291.31.

Insider Buying and Selling at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Trading Up 1.1%

NYSE TRV opened at $265.02 on Tuesday. 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 Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $287.95. The firm has a market capitalization of $59.12 billion, a PE ratio of 10.42, a P/E/G ratio of 2.51 and a beta of 0.51. The stock’s 50 day moving average is $273.95 and its 200 day moving average is $266.49.

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

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.7%. Travelers Companies’s payout ratio is currently 17.30%.

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.