Sageworth Trust Co of South Dakota Has $617,000 Stock Position in The Travelers Companies, Inc. $TRV

Sageworth Trust Co of South Dakota lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 11.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,308 shares of the insurance provider’s stock after selling 299 shares during the quarter. Sageworth Trust Co of South Dakota’s holdings in Travelers Companies were worth $617,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cornerstone Planning Group LLC grew its position 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 acquiring an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new position in Travelers Companies in the first quarter valued at about $26,000. Missouri Trust & Investment Co grew its position in Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares during the last quarter. Flaharty Asset Management LLC bought a new position in Travelers Companies in the first quarter valued at about $32,000. Finally, Nova Wealth Management Inc. bought a new position in Travelers Companies in the second quarter valued at about $32,000. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the sale, the executive vice president owned 18,416 shares of the company’s stock, valued at $4,900,865.92. This trade represents a 38.45% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TRV shares. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Barclays cut Travelers Companies from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $280.00 to $274.00 in a report on Monday, July 7th. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, Citigroup started coverage on Travelers Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $284.56.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $277.46 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a twelve month low of $224.62 and a twelve month high of $280.70. The stock’s 50 day moving average is $270.77 and its 200-day moving average is $265.18. The firm has a market capitalization of $62.46 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 3.21 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping 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 company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period in the prior year, the firm earned $2.51 earnings per share. Travelers Companies’s revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were issued a dividend of $1.10 per share. The ex-dividend date was Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio is 19.46%.

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.