Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,086 shares of the insurance provider’s stock after buying an additional 50 shares during the period. The Travelers Companies makes up approximately 1.3% of Farmers & Merchants Trust Co of Chambersburg PA’s investment portfolio, making the stock its 23rd largest position. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in The Travelers Companies were worth $1,529,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of TRV. Mn Services Vermogensbeheer B.V. boosted its stake in shares of The Travelers Companies by 499.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 45,407 shares of the insurance provider’s stock valued at $5,745,000 after buying an additional 37,831 shares in the last quarter. Liberty Capital Management Inc. boosted its stake in shares of The Travelers Companies by 434.8% in the second quarter. Liberty Capital Management Inc. now owns 1,230 shares of the insurance provider’s stock valued at $154,000 after buying an additional 1,000 shares in the last quarter. National Pension Service boosted its stake in shares of The Travelers Companies by 9.7% in the second quarter. National Pension Service now owns 242,725 shares of the insurance provider’s stock valued at $30,678,000 after buying an additional 21,536 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of The Travelers Companies by 1.9% in the second quarter. State of Alaska Department of Revenue now owns 2,660 shares of the insurance provider’s stock valued at $336,000 after buying an additional 50 shares in the last quarter. Finally, Hollencrest Securities LLC bought a new stake in shares of The Travelers Companies during the second quarter valued at $202,000. Institutional investors own 78.24% of the company’s stock.
The Travelers Companies, Inc. (NYSE TRV) traded down 0.23% on Friday, reaching $127.89. The company had a trading volume of 1,246,905 shares. The Travelers Companies, Inc. has a 52 week low of $103.45 and a 52 week high of $130.37. The stock’s 50-day moving average is $127.31 and its 200-day moving average is $123.52. The company has a market capitalization of $35.29 billion, a P/E ratio of 12.74 and a beta of 1.20.
The Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, July 20th. The insurance provider reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.07 by $0.15. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.31 billion. The Travelers Companies had a return on equity of 11.68% and a net margin of 10.15%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $2.20 EPS. Equities research analysts forecast that The Travelers Companies, Inc. will post $8.90 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Thursday, September 7th. The Travelers Companies’s dividend payout ratio (DPR) is 28.77%.
Several equities research analysts have weighed in on the company. Barclays PLC increased their price objective on The Travelers Companies from $119.00 to $122.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. BidaskClub cut The Travelers Companies from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. MKM Partners reiterated a “neutral” rating and issued a $130.00 price objective (up previously from $115.00) on shares of The Travelers Companies in a report on Wednesday, July 26th. Citigroup Inc. reiterated a “buy” rating and issued a $148.00 price objective (down previously from $150.00) on shares of The Travelers Companies in a report on Monday, July 24th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $119.00 price objective (up previously from $112.00) on shares of The Travelers Companies in a report on Friday, July 7th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $124.01.
In related news, EVP Maria Olivo sold 8,186 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $124.84, for a total value of $1,021,940.24. Following the completion of the transaction, the executive vice president now owns 88,697 shares of the company’s stock, valued at $11,072,933.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jay S. Benet sold 16,566 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $130.01, for a total transaction of $2,153,745.66. Following the completion of the transaction, the insider now directly owns 93,872 shares of the company’s stock, valued at approximately $12,204,298.72. The disclosure for this sale can be found here. Insiders sold 194,303 shares of company stock valued at $24,702,936 in the last three months. 0.82% of the stock is currently owned by insiders.
The Travelers Companies Company Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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