The Travelers Companies, Inc. $TRV Shares Sold by RNC Capital Management LLC

RNC Capital Management LLC decreased its position in The Travelers Companies, Inc. (NYSE:TRV) by 3.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 19,254 shares of the insurance provider’s stock after selling 658 shares during the period. RNC Capital Management LLC’s holdings in Travelers Companies were worth $5,092,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TRV. PFG Advisors boosted its stake in Travelers Companies by 108.8% in the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock worth $1,125,000 after buying an additional 2,217 shares during the last quarter. Greatmark Investment Partners Inc. lifted its holdings in Travelers Companies by 3.0% in the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock worth $16,120,000 after acquiring an additional 1,772 shares during the last quarter. Portside Wealth Group LLC acquired a new stake in Travelers Companies in the first quarter worth $208,000. Atlas Capital Advisors Inc. increased its position in Travelers Companies by 890.9% in the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock worth $1,205,000 after buying an additional 4,098 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in Travelers Companies by 47.3% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock valued at $1,403,000 after acquiring an additional 1,703 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 1.5%

Shares of TRV stock opened at $275.37 on Monday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 1 year low of $224.62 and a 1 year high of $280.70. The firm’s fifty day moving average price is $264.94 and its two-hundred day moving average price is $262.60. The firm has a market capitalization of $61.99 billion, a P/E ratio of 12.18, a PEG ratio of 3.16 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the firm earned $2.51 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies’s dividend payout ratio is 19.46%.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the transaction, the executive vice president owned 18,416 shares of the company’s stock, valued at $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

TRV has been the subject of several recent analyst reports. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the stock an “equal weight” rating in a research note on Monday, May 19th. Citigroup started coverage on Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 target price for the company. Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Finally, Barclays cut Travelers Companies from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $280.00 to $274.00 in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $284.56.

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.