The Travelers Companies, Inc. $TRV Shares Sold by Wilmington Savings Fund Society FSB

Key Points

• Wilmington Savings Fund Society FSB decreased its holdings in The Travelers Companies by 7.9%, owning 10,744 shares worth $2.87 million after selling 922 shares in the second quarter.
• The Travelers Companies reported $6.51 EPS for the last quarter, significantly exceeding analysts' estimates of $3.52, with a revenue of $11.54 billion, which is a 7.4% increase year-over-year.
• The company announced a quarterly dividend of $1.10 per share, equating to an annualized dividend yield of 1.6% and a dividend payout ratio of 19.46%.

Wilmington Savings Fund Society FSB decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 7.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,744 shares of the insurance provider's stock after selling 922 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Travelers Companies were worth $2,874,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its position in Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after buying an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in Travelers Companies in the first quarter worth approximately $26,000. Missouri Trust & Investment Co grew its position in Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider's stock worth $27,000 after buying an additional 55 shares during the last quarter. Nova Wealth Management Inc. acquired a new position in Travelers Companies in the second quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new position in Travelers Companies in the first quarter worth approximately $32,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Trading Up 1.9%

Shares of NYSE:TRV opened at $275.59 on Wednesday. The firm has a fifty day moving average of $274.03 and a two-hundred day moving average of $266.31. The firm has a market capitalization of $62.04 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 3.03 and a beta of 0.51. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $287.95. 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 Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $2.51 EPS. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was 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 (DPR) is 19.46%.

Insider Buying and Selling at Travelers Companies

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction on Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the sale, the executive vice president 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Travelers Companies in a research note on Tuesday. Barclays set a $313.00 price objective on shares of Travelers Companies in a research note on Wednesday, October 8th. Citigroup assumed coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price objective for the company. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $289.00 to $297.00 and gave the stock an "underweight" rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and a consensus price target of $290.11.

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.

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