AMG National Trust Bank Makes New $1.15 Million Investment in The Travelers Companies, Inc. $TRV

Key Points

• AMG National Trust Bank purchased 3,487 shares of Travelers Companies in the second quarter, valued at approximately $1.15 million. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported strong quarterly results, posting $10.04 in EPS versus the $5.41 consensus estimate and revenue of $12.15 billion, above expectations.
• Analysts’ consensus rating remains “Hold”, with an average price target of $354.26, while insiders sold 62,667 shares worth approximately $22.7 million over the past three months.

AMG National Trust Bank purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,487 shares of the insurance provider's stock, valued at approximately $1,151,000.

A number of other institutional investors have also modified their holdings of TRV. Berman McAleer LLC boosted its stake in Travelers Companies by 3.5% in the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider's stock worth $295,000 after buying an additional 30 shares during the last quarter. Willner & Heller LLC increased its stake in shares of Travelers Companies by 2.7% during the 2nd quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider's stock valued at $398,000 after acquiring an additional 32 shares during the last quarter. Spinnaker Trust increased its stake in shares of Travelers Companies by 1.7% during the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider's stock valued at $565,000 after acquiring an additional 33 shares during the last quarter. Cim LLC lifted its holdings in shares of Travelers Companies by 0.4% during the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider's stock worth $2,363,000 after acquiring an additional 34 shares during the period. Finally, Avalon Trust Co lifted its holdings in shares of Travelers Companies by 0.4% during the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider's stock worth $2,562,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Wall Street Analyst Weigh In

TRV has been the subject of a number of recent analyst reports. Barclays boosted their target price on shares of Travelers Companies from $295.00 to $318.00 and gave the company an "underweight" rating in a report on Tuesday, July 21st. Citigroup reaffirmed a "market perform" rating on shares of Travelers Companies in a research note on Monday, July 20th. Truist Financial lifted their price target on shares of Travelers Companies from $395.00 to $425.00 and gave the company a "buy" rating in a report on Monday, July 20th. Morgan Stanley boosted their price objective on shares of Travelers Companies from $290.00 to $330.00 and gave the company an "underweight" rating in a research note on Tuesday, July 21st. Finally, Seaport Research Partners set a $322.00 price objective on Travelers Companies in a report on Tuesday, May 26th. Four equities 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 stock. According to MarketBeat.com, Travelers Companies currently has an average rating of "Hold" and a consensus price target of $354.26.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 6,000 shares of the firm's stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the sale, the executive vice president directly owned 45,125 shares in the company, valued at approximately $16,519,811.25. This trade represents a 11.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Diane Kurtzman sold 4,164 shares of the business's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the transaction, the executive vice president directly owned 5,298 shares in the company, valued at $2,048,789.58. This trade represents a 44.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is owned by insiders.

Travelers Companies Price Performance

TRV opened at $370.49 on Monday. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The company has a 50 day moving average of $345.99 and a two-hundred day moving average of $315.49. The company has a market cap of $77.27 billion, a P/E ratio of 9.92, a P/E/G ratio of 3.52 and a beta of 0.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

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, beating analysts' consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter last year, the firm posted $6.51 EPS. The business's revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 10th. Travelers Companies's payout ratio is currently 13.39%.

Travelers Companies Profile

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.

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