Capital City Trust Co. FL Reduces Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• Capital City Trust Co. FL reduced its holdings in The Travelers Companies by 4.5% during Q1, now owning 25,473 shares, valued at approximately $6.74 million, making it the firm's 15th biggest investment.
• The Travelers Companies reported $6.51 earnings per share in its latest quarterly earnings, exceeding the $3.52 estimate, with revenue rising 7.4% year-over-year to $11.54 billion.
• Travelers recently announced a quarterly dividend of $1.10 per share, with a yield of 1.69%, set to be paid on September 30th to investors of record as of September 10th.

Capital City Trust Co. FL lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,473 shares of the insurance provider's stock after selling 1,206 shares during the quarter. Travelers Companies accounts for 1.8% of Capital City Trust Co. FL's holdings, making the stock its 15th biggest position. Capital City Trust Co. FL's holdings in Travelers Companies were worth $6,737,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TRV. Cornerstone Planning Group LLC raised its stake in Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after acquiring an additional 84 shares during the period. Ameriflex Group Inc. acquired a new stake in shares of Travelers Companies during the fourth quarter worth $26,000. Putney Financial Group LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth $26,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Travelers Companies during the fourth quarter worth $30,000. Finally, Hughes Financial Services LLC acquired a new stake in shares of Travelers Companies during the first quarter worth $33,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wells Fargo & Company raised their price target on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. UBS Group lifted their target price on Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Evercore ISI lifted their target price on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Jefferies Financial Group lifted their price target on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $279.82.

Travelers Companies Stock Up 1.5%

Shares of NYSE TRV traded up $3.94 during midday trading on Thursday, hitting $262.86. 602,747 shares of the stock traded hands, compared to its average volume of 1,343,970. The company has a market cap of $59.18 billion, a PE ratio of 11.62, a P/E/G ratio of 3.04 and a beta of 0.51. The Travelers Companies, Inc. has a one year low of $206.43 and a one year high of $277.83. The business has a 50 day moving average price of $264.54 and a two-hundred day moving average price of $257.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the previous year, the company posted $2.51 earnings per share. The company's quarterly revenue was up 7.4% on a year-over-year basis. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.67%. Travelers Companies's dividend payout ratio (DPR) is currently 19.46%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the company's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the transaction, the executive vice president owned 18,416 shares in the company, valued at $4,900,865.92. This represents a 38.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Avrohom J. Kess sold 23,434 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total value of $6,419,275.62. Following the completion of the transaction, the insider owned 48,387 shares of the company's stock, valued at $13,254,650.91. This trade represents a 32.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 175,374 shares of company stock valued at $47,929,912 in the last three months. Insiders own 1.46% of the company's stock.

Travelers Companies 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. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.