Thomasville National Bank Buys 107 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Thomasville National Bank increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 6.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,670 shares of the insurance provider’s stock after purchasing an additional 107 shares during the period. Thomasville National Bank’s holdings in Travelers Companies were worth $340,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Trust Point Inc. bought a new position in Travelers Companies in the fourth quarter valued at about $252,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Travelers Companies during the fourth quarter worth about $299,000. Venture Visionary Partners LLC grew its holdings in shares of Travelers Companies by 2.9% during the fourth quarter. Venture Visionary Partners LLC now owns 7,193 shares of the insurance provider’s stock worth $1,370,000 after purchasing an additional 203 shares during the last quarter. Grimes & Company Inc. grew its holdings in shares of Travelers Companies by 2.2% during the fourth quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock worth $461,000 after purchasing an additional 53 shares during the last quarter. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Travelers Companies during the fourth quarter worth about $739,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TRV shares. Roth Mkm reiterated a “buy” rating and set a $240.00 price objective on shares of Travelers Companies in a report on Thursday, April 18th. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $225.00 price objective on shares of Travelers Companies in a research note on Monday, July 22nd. Morgan Stanley decreased their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Finally, William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $223.78.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

TRV traded up $1.08 on Wednesday, hitting $209.36. The company’s stock had a trading volume of 1,334,533 shares, compared to its average volume of 1,380,411. The company’s 50 day simple moving average is $209.60 and its 200-day simple moving average is $215.24. The company has a quick ratio of 0.33, a current ratio of 0.33 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 firm has a market cap of $47.94 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 1.11 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same period in the previous year, the business earned $0.06 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts forecast that The Travelers Companies, Inc. will post 17.19 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s payout ratio is 31.20%.

Travelers Companies Company Profile

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.