Glenview Trust Co Purchases New Holdings in The Travelers Companies, Inc. $TRV

Glenview Trust Co bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRVFree Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 5,117 shares of the insurance provider’s stock, valued at approximately $1,689,000.

Several other large investors have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Travelers Companies during the fourth quarter valued at about $276,000. WINTON GROUP Ltd acquired a new stake in Travelers Companies during the 2nd quarter worth approximately $382,000. CIBC Asset Management Inc grew its stake in shares of Travelers Companies by 13.9% in the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after purchasing an additional 8,383 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of Travelers Companies by 2.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock valued at $28,254,000 after buying an additional 2,117 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. BMO Capital Markets lowered shares of Travelers Companies from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $314.00 to $379.00 in a research note on Tuesday, July 21st. Evercore set a $329.00 price objective on Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. Mizuho boosted their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $354.26.

Read Our Latest Stock Report on TRV

Travelers Companies Stock Performance

Shares of TRV stock opened at $369.85 on Friday. The firm’s 50 day moving average is $358.56 and its 200 day moving average is $320.77. The stock has a market capitalization of $77.14 billion, a P/E ratio of 9.90, a PEG ratio of 3.51 and a beta of 0.45. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. 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:TRVGet Free Report) last released its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same period in the previous year, the business earned $6.51 EPS. Travelers Companies’s revenue was up .3% compared to the same quarter last year. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s payout ratio is 13.39%.

Insider Activity at Travelers Companies

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the sale, the executive vice president owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 6,000 shares of Travelers Companies stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total value of $2,196,540.00. Following the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $16,519,811.25. The trade was a 11.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 52,667 shares of company stock worth $19,611,829 in the last 90 days. 1.39% of the stock is owned by company insiders.

Travelers Companies Company Profile

(Free Report)

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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