Ames National Corp purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,187 shares of the insurance provider's stock, valued at approximately $1,712,000. Travelers Companies makes up 0.9% of Ames National Corp's holdings, making the stock its 19th biggest holding.
Other hedge funds have also recently added to or reduced their stakes in the company. Capstone Wealth Management Inc. bought a new stake in shares of Travelers Companies during the 2nd quarter valued at $1,693,000. Flavin Financial Services Inc. bought a new position in shares of Travelers Companies in the second quarter worth $912,000. Asset One Wealth Management LLC bought a new position in shares of Travelers Companies in the second quarter worth $536,000. Investor s Fiduciary Advisor Network LLC acquired a new position in Travelers Companies in the second quarter valued at about $502,000. Finally, Ally Financial Inc. acquired a new position in Travelers Companies in the second quarter valued at about $2,646,000. Institutional investors own 82.45% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on TRV. Truist Financial increased their price objective 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. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $316.00 to $322.00 in a research report on Tuesday, May 26th. BMO Capital Markets downgraded shares of Travelers Companies from an "outperform" rating to a "market perform" rating and upped their price target for the stock from $314.00 to $379.00 in a report on Tuesday, July 21st. Barclays increased their price target on shares of Travelers Companies from $295.00 to $318.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 21st. Finally, Roth Capital lifted their price objective on shares of Travelers Companies from $345.00 to $425.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $354.26.
Read Our Latest Analysis on Travelers Companies
Insider Buying and Selling at Travelers Companies
In other Travelers Companies news, EVP Michael Frederick Klein sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total value of $2,196,540.00. Following the sale, the executive vice president owned 45,125 shares in the company, valued at $16,519,811.25. This trade represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business's stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares in the company, valued at approximately $26,638,758. The trade was a 9.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 52,667 shares of company stock worth $19,611,829 over the last 90 days. 1.39% of the stock is owned by corporate insiders.
Travelers Companies Stock Performance
NYSE:TRV opened at $370.65 on Tuesday. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock's 50-day simple moving average is $353.55 and its 200 day simple moving average is $318.93. The firm has a market capitalization of $77.31 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45.
Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping the consensus estimate of $5.41 by $4.63. The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business's quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.51 earnings per share. On average, analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.
Travelers Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. Travelers Companies's payout ratio is 13.39%.
About Travelers Companies
(
Free Report)
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.
Featured Stories
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 - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Travelers Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Travelers Companies wasn't on the list.
While Travelers Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
