Glenview Trust Co Makes New $51.90 Million Investment in The Travelers Companies, Inc. $TRV

Glenview Trust Co bought a new position in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 219,654 shares of the insurance provider’s stock, valued at approximately $51,900,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TRV. HHM Wealth Advisors LLC lifted its stake in shares of Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after buying an additional 51 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in Travelers Companies in the 1st quarter valued at approximately $26,000. LifeSteps Financial Inc. bought a new stake in Travelers Companies during the 2nd quarter valued at $26,000. Kilter Group LLC bought a new stake in Travelers Companies during the 2nd quarter valued at $26,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Travelers Companies during the fourth quarter worth $26,000. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on TRV shares. Bank of America boosted their price objective on shares of Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research note on Monday, July 20th. Truist Financial increased their target price on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. TD Cowen downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target for the company. in a report on Monday, July 13th. BMO Capital Markets lowered shares of Travelers Companies from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $314.00 to $379.00 in a research report on Tuesday, July 21st. Finally, Roth Capital upped their price target on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $354.26.

Insider Activity

In other Travelers Companies news, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the transaction, the executive vice president directly owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the completion of the sale, the chief financial officer owned 27,535 shares of the company’s stock, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 52,667 shares of company stock worth $19,611,829. 1.39% of the stock is currently owned by insiders.

Travelers Companies Stock Down 0.5%

TRV stock opened at $369.13 on Friday. 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 company’s 50 day moving average is $357.31 and its 200 day moving average is $320.43. The stock has a market cap of $76.99 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 3.53 and a beta of 0.45. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. Travelers Companies’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the business posted $6.51 earnings per share. Sell-side analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio is presently 13.39%.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.