New Hampshire Trust increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 6.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,428 shares of the insurance provider’s stock after purchasing an additional 84 shares during the quarter. New Hampshire Trust’s holdings in Travelers Companies were worth $248,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Nordwand Advisors LLC purchased a new stake in shares of Travelers Companies during the 1st quarter worth $26,000. FWL Investment Management LLC acquired a new position in Travelers Companies during the 4th quarter valued at about $28,000. FNY Investment Advisers LLC acquired a new position in Travelers Companies during the 1st quarter valued at about $31,000. Quarry LP acquired a new position in Travelers Companies during the 1st quarter valued at about $31,000. Finally, AM Squared Ltd acquired a new position in Travelers Companies during the 1st quarter valued at about $34,000. 81.12% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
TRV has been the topic of several recent analyst reports. Royal Bank of Canada upped their target price on Travelers Companies from C$183.00 to C$185.00 in a research report on Thursday, July 20th. Jefferies Financial Group reduced their target price on Travelers Companies from $183.00 to $180.00 and set a “hold” rating on the stock in a research report on Tuesday, July 25th. Wells Fargo & Company upped their target price on Travelers Companies from $183.00 to $185.00 in a research report on Thursday, July 20th. JPMorgan Chase & Co. increased their price objective on Travelers Companies from $185.00 to $194.00 in a report on Thursday, July 6th. Finally, Citigroup increased their price objective on Travelers Companies from $188.00 to $191.00 and gave the company a “neutral” rating in a report on Monday, July 24th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Moderate Buy” and an average price target of $196.08.
Insider Buying and Selling
In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $175.05, for a total value of $1,750,500.00. Following the sale, the executive vice president now directly owns 14,080 shares in the company, valued at approximately $2,464,704. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.29% of the stock is currently owned by insiders.
Travelers Companies Price Performance
Shares of Travelers Companies stock traded down $1.16 on Friday, hitting $164.80. The company’s stock had a trading volume of 2,274,058 shares, compared to its average volume of 922,747. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $149.65 and a 1 year high of $194.51. The firm has a fifty day moving average price of $166.43 and a 200-day moving average price of $172.08. The company has a market capitalization of $37.73 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.39 and a beta of 0.60.
Travelers Companies (NYSE:TRV – Get Free Report) last announced its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($1.99). Travelers Companies had a net margin of 5.77% and a return on equity of 10.75%. The business had revenue of $10.10 billion during the quarter, compared to analysts’ expectations of $9.97 billion. During the same quarter in the prior year, the firm earned $2.57 EPS. Travelers Companies’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 12.01 earnings per share for the current fiscal year.
Travelers Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.43%. The ex-dividend date is Thursday, September 7th. Travelers Companies’s payout ratio is 42.60%.
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. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.
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