Exchange Bank Buys New Shares in The Travelers Companies, Inc. (NYSE:TRV)

Exchange Bank bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,223 shares of the insurance provider’s stock, valued at approximately $286,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. Y.D. More Investments Ltd acquired a new stake in Travelers Companies during the second quarter worth about $25,000. Pathway Financial Advisers LLC purchased a new stake in shares of Travelers Companies in the first quarter worth about $35,000. Beacon Capital Management LLC boosted its position in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of Travelers Companies in the first quarter worth about $42,000. Finally, Tributary Capital Management LLC purchased a new stake in shares of Travelers Companies in the first quarter worth about $45,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

TRV opened at $236.58 on Friday. The firm has a market cap of $53.92 billion, a PE ratio of 14.95, a P/E/G ratio of 1.23 and a beta of 0.62. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $227.80 and a 200-day simple moving average of $218.82. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $243.48.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.08 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were given a $1.05 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.78%. Travelers Companies’s dividend payout ratio (DPR) is presently 26.55%.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

TRV has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $225.00 price target on shares of Travelers Companies in a report on Monday, July 22nd. TD Cowen downgraded Travelers Companies from a “buy” rating to a “hold” rating and reduced their price target for the company from $252.00 to $230.00 in a report on Monday, July 15th. Jefferies Financial Group increased their price target on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday. Finally, The Goldman Sachs Group increased their price target on Travelers Companies from $196.00 to $216.00 and gave the company a “sell” rating in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $230.89.

About Travelers Companies

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.