FARMERS & MERCHANTS TRUST Co OF LONG BEACH Has $1.19 Million Stake in The Travelers Companies, Inc. $TRV

Key Points

• Farmers & Merchants Trust Co of Long Beach significantly increased its stake in The Travelers Companies by 218.5% during Q2, now holding a total worth of $1.19 million.
• Several hedge funds have also increased their positions in Travelers, with institutional and hedge fund ownership rising to 82.45% of the company’s stock.
• The Travelers Companies reported a Q2 EPS of $6.51, surpassing estimates, along with revenues of $11.54 billion, reflecting a 7.4% year-over-year increase.

FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 218.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,440 shares of the insurance provider's stock after acquiring an additional 3,046 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH's holdings in Travelers Companies were worth $1,188,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC increased its holdings in shares of Travelers Companies by 700.0% during 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 last quarter. Greykasell Wealth Strategies Inc. acquired a new position in shares of Travelers Companies during the 1st quarter valued at about $26,000. Missouri Trust & Investment Co increased its holdings in shares of Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider's stock valued at $27,000 after acquiring an additional 55 shares during the last quarter. Nova Wealth Management Inc. bought a new stake in Travelers Companies during the 2nd quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC bought a new stake in Travelers Companies during the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Buying and Selling

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction that occurred 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 directly owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company's stock.

Travelers Companies Price Performance

Shares of TRV stock opened at $277.73 on Monday. The stock has a 50 day moving average of $270.00 and a two-hundred day moving average of $264.89. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12 month low of $224.62 and a 12 month high of $280.70. The company has a market capitalization of $62.53 billion, a P/E ratio of 12.28, a P/E/G ratio of 3.19 and a beta of 0.53.

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

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies's dividend payout ratio is presently 19.46%.

Analyst Ratings Changes

Several analysts recently weighed in on TRV shares. Wall Street Zen downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Citigroup started coverage on Travelers Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $291.00 target price for the company. Keefe, Bruyette & Woods increased their target price on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Wolfe Research started coverage on Travelers Companies in a research note on Monday, September 15th. They set a "peer perform" rating for the company. Finally, Wells Fargo & Company increased their target price on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $284.56.

Travelers Companies Company 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.

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