First National Bank Sioux Falls reduced its position in The Travelers Companies, Inc. (NYSE:TRV – Get Rating) by 14.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,606 shares of the insurance provider's stock after selling 425 shares during the quarter. First National Bank Sioux Falls' holdings in Travelers Companies were worth $441,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. ACG Wealth acquired a new position in Travelers Companies during the 2nd quarter worth approximately $25,000. US Asset Management LLC acquired a new position in Travelers Companies during the 1st quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group acquired a new position in Travelers Companies during the 1st quarter worth approximately $32,000. Addison Advisors LLC lifted its position in Travelers Companies by 293.5% during the 1st quarter. Addison Advisors LLC now owns 181 shares of the insurance provider's stock worth $33,000 after acquiring an additional 135 shares in the last quarter. Finally, Kings Point Capital Management lifted its position in Travelers Companies by 60.7% during the 1st quarter. Kings Point Capital Management now owns 180 shares of the insurance provider's stock worth $33,000 after acquiring an additional 68 shares in the last quarter. 82.39% of the stock is owned by institutional investors and hedge funds.
Get Travelers Companies alerts:Travelers Companies Stock Performance
Shares of NYSE TRV traded down $1.48 during trading on Friday, reaching $153.20. The stock had a trading volume of 1,400,202 shares, compared to its average volume of 1,311,848. The Travelers Companies, Inc. has a one year low of $145.40 and a one year high of $187.98. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $36.36 billion, a PE ratio of 10.63, a P/E/G ratio of 2.83 and a beta of 0.61. The firm's 50 day moving average price is $162.54 and its two-hundred day moving average price is $169.50.
Travelers Companies (NYSE:TRV – Get Rating) last issued its quarterly earnings data on Thursday, July 21st. The insurance provider reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.00 by $0.57. The firm had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.29 billion. Travelers Companies had a return on equity of 13.64% and a net margin of 9.97%. The firm's revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.45 EPS. On average, research analysts forecast that The Travelers Companies, Inc. will post 13.61 earnings per share for the current fiscal year.Travelers Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were paid a dividend of $0.93 per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $3.72 dividend on an annualized basis and a yield of 2.43%. Travelers Companies's payout ratio is currently 25.82%.
Insider Buying and Selling
In related news, EVP Mojgan M. Lefebvre sold 2,945 shares of the company's stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $168.33, for a total transaction of $495,731.85. Following the completion of the transaction, the executive vice president now directly owns 1,020 shares in the company, valued at approximately $171,696.60. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.07% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Barclays cut their target price on Travelers Companies from $184.00 to $177.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 14th. Piper Sandler cut their target price on Travelers Companies from $190.00 to $175.00 and set a "neutral" rating on the stock in a research report on Friday, July 22nd. Wolfe Research reaffirmed a "peer perform" rating on shares of Travelers Companies in a research report on Thursday, June 23rd. Royal Bank of Canada cut their target price on Travelers Companies from $183.00 to $165.00 in a research report on Friday, July 22nd. Finally, Morgan Stanley cut their target price on Travelers Companies from $181.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Friday, August 19th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $174.60.
Travelers Companies Profile
(Get Rating)
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.
Featured Stories
- Get a free copy of the StockNews.com research report on Travelers Companies (TRV)
- EV Battery Maker Freyr Set For Major Global Expansion
- MarketBeat: Week in Review 9/26 – 9/30
- This Is A Memorable Time To Buy Into Micron Technology
- Declining Profits Challenge the CarMax Value Proposition
- Let Paychex Stock Work Hard For You
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV – Get Rating).
Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.