Hilltop National Bank Buys Shares of 412 The Travelers Companies, Inc. $TRV

Hilltop National Bank bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 412 shares of the insurance provider’s stock, valued at approximately $110,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRV. Cornerstone Planning Group LLC raised its holdings in Travelers Companies by 700.0% during the 1st 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 period. Greykasell Wealth Strategies Inc. purchased a new stake in Travelers Companies in the 1st quarter worth approximately $26,000. Missouri Trust & Investment Co lifted its stake in Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in Travelers Companies in the 1st quarter worth approximately $32,000. Finally, Nova Wealth Management Inc. purchased a new stake in Travelers Companies in the 2nd quarter worth approximately $32,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Citigroup assumed coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 target price on the stock. Wall Street Zen cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group increased their target price on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research note on Wednesday. Finally, Wells Fargo & Company raised their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $284.56.

Insiders Place Their Bets

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

Travelers Companies Stock Performance

Travelers Companies stock opened at $284.93 on Friday. The firm’s fifty day moving average price is $271.60 and its 200-day moving average price is $265.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $64.15 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 3.27 and a beta of 0.51. The Travelers Companies, Inc. has a fifty-two week low of $224.62 and a fifty-two week high of $286.17.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating the consensus estimate of $3.52 by $2.99. The firm had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $2.51 EPS. On average, equities research analysts expect 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 was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Wednesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 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.