Fiduciary Trust Co Acquires 666 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Fiduciary Trust Co lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 18.2% during the third quarter, HoldingsChannel reports. The firm owned 4,331 shares of the insurance provider’s stock after purchasing an additional 666 shares during the quarter. Fiduciary Trust Co’s holdings in Travelers Companies were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRV. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Travelers Companies by 5.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,187 shares of the insurance provider’s stock valued at $26,031,000 after acquiring an additional 5,948 shares during the last quarter. Blueshift Asset Management LLC raised its holdings in shares of Travelers Companies by 183.7% in the 3rd quarter. Blueshift Asset Management LLC now owns 3,719 shares of the insurance provider’s stock worth $871,000 after purchasing an additional 2,408 shares during the period. Townsquare Capital LLC lifted its stake in Travelers Companies by 52.5% in the third quarter. Townsquare Capital LLC now owns 9,676 shares of the insurance provider’s stock valued at $2,265,000 after purchasing an additional 3,332 shares during the last quarter. Cadence Bank grew its holdings in Travelers Companies by 1.4% during the third quarter. Cadence Bank now owns 8,474 shares of the insurance provider’s stock valued at $1,984,000 after purchasing an additional 114 shares during the period. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Travelers Companies in the third quarter valued at $1,219,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $266.04 on Friday. The company’s fifty day moving average price is $249.31 and its 200-day moving average price is $227.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market capitalization of $60.40 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a one year low of $177.61 and a one year high of $269.55.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the prior year, the firm earned $1.95 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.58%. Travelers Companies’s dividend payout ratio is 21.54%.

Insider Buying and Selling

In other Travelers Companies news, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the sale, the executive vice president now directly owns 1,715 shares of the company’s stock, valued at $446,671.75. The trade was a 69.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,149 shares of company stock worth $20,295,856 in the last quarter. 1.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TRV has been the subject of several research reports. Roth Mkm increased their price target on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a research note on Thursday, November 21st. The Goldman Sachs Group upped their price target on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a research note on Tuesday, October 22nd. Bank of America lifted their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Finally, BMO Capital Markets increased their target price on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $251.15.

Travelers Companies 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.