Cape ANN Savings Bank Lowers Position in The Travelers Companies, Inc. $TRV

Cape ANN Savings Bank lessened its position in The Travelers Companies, Inc. (NYSE:TRV) by 3.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,550 shares of the insurance provider’s stock after selling 50 shares during the quarter. Cape ANN Savings Bank’s holdings in Travelers Companies were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TRV. Stock Yards Bank & Trust Co. lifted its position in Travelers Companies by 8.0% during the second quarter. Stock Yards Bank & Trust Co. now owns 4,781 shares of the insurance provider’s stock valued at $1,279,000 after buying an additional 356 shares during the period. Ascent Group LLC lifted its position in Travelers Companies by 6.3% during the second quarter. Ascent Group LLC now owns 6,959 shares of the insurance provider’s stock valued at $1,862,000 after buying an additional 410 shares during the period. Ameritas Advisory Services LLC lifted its position in Travelers Companies by 36.2% during the second quarter. Ameritas Advisory Services LLC now owns 1,091 shares of the insurance provider’s stock valued at $292,000 after buying an additional 290 shares during the period. Abacus Planning Group Inc. lifted its position in Travelers Companies by 12.0% during the 2nd quarter. Abacus Planning Group Inc. now owns 896 shares of the insurance provider’s stock valued at $240,000 after acquiring an additional 96 shares during the period. Finally, Hilltop National Bank purchased a new position in Travelers Companies during the 2nd quarter valued at about $110,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays cut shares of 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. Wolfe Research began coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating for the company. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a report on Wednesday. Citigroup assumed coverage on Travelers Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective for the company. Finally, Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $284.56.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $284.93 on Friday. The Travelers Companies, Inc. has a twelve month low of $224.62 and a twelve month high of $286.17. The firm has a market cap of $64.15 billion, a P/E ratio of 12.60, a PEG ratio of 3.22 and a beta of 0.51. The company has a 50 day moving average of $271.60 and a 200 day moving average of $265.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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 net margin of 10.97% and a return on equity of 18.68%. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the business earned $2.51 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were given a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s payout ratio is 19.46%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’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 completion of the transaction, the executive vice president directly owned 18,416 shares of the company’s stock, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

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.