The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.5% in the fourth quarter, Holdings Channel reports. The firm owned 18,720 shares of the insurance provider’s stock after buying an additional 628 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Travelers Companies were worth $3,566,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Golden State Equity Partners raised its stake in Travelers Companies by 21.9% in the 3rd quarter. Golden State Equity Partners now owns 1,957 shares of the insurance provider’s stock worth $320,000 after acquiring an additional 351 shares during the last quarter. Lake Street Financial LLC purchased a new position in Travelers Companies in the 3rd quarter worth $203,000. Atlantic Union Bankshares Corp raised its stake in Travelers Companies by 1.3% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 6,915 shares of the insurance provider’s stock worth $1,129,000 after acquiring an additional 90 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Travelers Companies by 2.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 104,338 shares of the insurance provider’s stock worth $17,039,000 after acquiring an additional 2,733 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Travelers Companies by 9.8% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 88,661 shares of the insurance provider’s stock worth $14,479,000 after acquiring an additional 7,900 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total value of $967,770.00. Following the completion of the transaction, the insider now owns 255,178 shares in the company, valued at $54,878,580.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP David Donnay Rowland sold 10,181 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $214.00, for a total transaction of $2,178,734.00. Following the completion of the transaction, the executive vice president now directly owns 7,865 shares of the company’s stock, valued at $1,683,110. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 4,500 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $215.06, for a total transaction of $967,770.00. Following the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The disclosure for this sale can be found here. Insiders sold 67,681 shares of company stock worth $14,427,504 over the last 90 days. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Trading Down 0.4 %

NYSE TRV traded down $0.86 on Tuesday, reaching $212.04. The stock had a trading volume of 451,956 shares, compared to its average volume of 1,482,537. The firm has a market capitalization of $48.56 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 1.11 and a beta of 0.58. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75. The stock has a fifty day moving average price of $221.41 and a two-hundred day moving average price of $199.28.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.11 EPS. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.74 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.98%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is presently 29.72%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TRV shares. Jefferies Financial Group reduced their target price on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research note on Friday, April 19th. Morgan Stanley lifted their price objective on Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Evercore ISI reduced their price objective on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. Finally, Keefe, Bruyette & Woods dropped their target price on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $223.47.

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.