Trust Co. of Vermont Purchases Shares of 6,280 The Travelers Companies, Inc. $TRV

Key Points

• Trust Co. of Vermont purchased 6,280 shares of Travelers Companies in the second quarter, valued at approximately $2.07 million. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported quarterly EPS of $10.04, significantly above the $5.41 consensus estimate, on revenue of $12.15 billion. The company also declared a quarterly dividend of $1.25, representing a 1.4% annualized yield.
• Company insiders sold 62,667 shares worth approximately $22.7 million over the past three months, while analysts maintained a consensus “Hold” rating with an average price target of $354.26.

Trust Co. of Vermont purchased a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,280 shares of the insurance provider's stock, valued at approximately $2,073,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Arbejdsmarkedets Tillaegspension bought a new position in Travelers Companies during the fourth quarter valued at approximately $24,167,000. Rit Capital Partners PLC bought a new stake in Travelers Companies in the 4th quarter worth approximately $39,450,000. UBS Group AG raised its holdings in shares of Travelers Companies by 5.3% during the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider's stock worth $514,786,000 after acquiring an additional 89,159 shares in the last quarter. Swiss Life Asset Management Ltd boosted its position in shares of Travelers Companies by 41.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider's stock valued at $19,149,000 after acquiring an additional 19,347 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of Travelers Companies during the 1st quarter valued at approximately $576,000. Institutional investors own 82.45% of the company's stock.

Insider Buying and Selling

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president owned 68,834 shares of the company's stock, valued at approximately $26,638,758. This represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,667 shares of company stock worth $22,688,329 over the last three months. 1.39% of the stock is currently owned by company insiders.

Travelers Companies Stock Down 1.6%

Shares of TRV opened at $364.50 on Tuesday. The company has a market cap of $76.03 billion, a PE ratio of 9.76, a P/E/G ratio of 3.52 and a beta of 0.45. The business has a fifty day moving average of $347.35 and a 200 day moving average of $316.08. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. 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 posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same period in the previous year, the firm earned $6.51 earnings per share. Travelers Companies's quarterly revenue was up .3% compared to the same quarter last year. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's dividend payout ratio is 13.39%.

Analysts Set New Price Targets

TRV has been the topic of several research reports. Roth Capital boosted their price target on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Citigroup reissued a "market perform" rating on shares of Travelers Companies in a research note on Monday, July 20th. Zacks Research upgraded shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. upgraded shares of Travelers Companies from an "underweight" rating to a "neutral" rating and upped their target price for the company from $316.00 to $322.00 in a research report on Tuesday, May 26th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $354.26.

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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