Fulton Bank N.A. Trims Position in The Travelers Companies, Inc. $TRV

Key Points

• Fulton Bank N.A. reduced its stake in The Travelers Companies by 8.6%, ending the second quarter with holdings valued at $3.32 million.
• Recent insider selling included EVP Mojgan M. Lefebvre offloading 16,820 shares for approximately $4.67 million at an average price of $277.54.
• The Travelers Companies recently reported a quarterly EPS of $6.51, significantly above analyst expectations, with total revenue of $11.54 billion.

Fulton Bank N.A. decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 8.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 12,409 shares of the insurance provider's stock after selling 1,170 shares during the period. Fulton Bank N.A.'s holdings in Travelers Companies were worth $3,320,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TRV. Brighton Jones LLC boosted its stake in Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $276,000. State of Wyoming boosted its position in shares of Travelers Companies by 80.6% during the 4th quarter. State of Wyoming now owns 1,512 shares of the insurance provider's stock worth $364,000 after acquiring an additional 675 shares in the last quarter. Tidal Investments LLC boosted its position in Travelers Companies by 22.8% in the fourth quarter. Tidal Investments LLC now owns 9,124 shares of the insurance provider's stock valued at $2,198,000 after buying an additional 1,694 shares in the last quarter. Finally, Vident Advisory LLC raised its stake in shares of Travelers Companies by 15.8% during the fourth quarter. Vident Advisory LLC now owns 5,797 shares of the insurance provider's stock valued at $1,397,000 after acquiring an additional 791 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Wall Street Analyst Weigh In

TRV has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. UBS Group boosted their target price on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Citigroup initiated coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price target on the stock. Finally, Barclays lowered shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $280.00 to $274.00 in a report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $284.56.

Insiders Place Their Bets

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the transaction, the executive vice president owned 18,416 shares in the company, 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. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Stock Performance

Shares of TRV stock traded down $0.84 during trading hours on Friday, reaching $277.07. The company had a trading volume of 2,499,830 shares, compared to its average volume of 1,101,144. The firm has a market cap of $62.38 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 3.18 and a beta of 0.53. The Travelers Companies, Inc. has a one year low of $224.62 and a one year high of $280.70. The business has a fifty day moving average price of $268.10 and a 200-day moving average price of $264.11. 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 posted its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period in the prior year, the business posted $2.51 earnings per share. The company's revenue was up 7.4% on a year-over-year basis. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

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.