Hilltop National Bank Purchases New Position in The Travelers Companies, Inc. $TRV

Hilltop National Bank purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 412 shares of the insurance provider’s stock, valued at approximately $110,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PFG Advisors increased its position in shares of Travelers Companies by 108.8% during the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock valued at $1,125,000 after buying an additional 2,217 shares during the period. Greatmark Investment Partners Inc. increased its position in shares of Travelers Companies by 3.0% during the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock valued at $16,120,000 after buying an additional 1,772 shares during the period. Portside Wealth Group LLC purchased a new position in shares of Travelers Companies during the first quarter valued at about $208,000. Atlas Capital Advisors Inc. increased its position in shares of Travelers Companies by 890.9% during the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock valued at $1,205,000 after buying an additional 4,098 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in shares of Travelers Companies by 47.3% during the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock valued at $1,403,000 after buying an additional 1,703 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 1.7%

Shares of Travelers Companies stock opened at $284.93 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $64.15 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 3.27 and a beta of 0.51. The Travelers Companies, Inc. has a 52-week low of $224.62 and a 52-week high of $286.17. The company has a 50-day simple moving average of $271.60 and a two-hundred day simple moving average of $265.48.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $2.99. The business had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.51 earnings per share. On average, analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 10th. Travelers Companies’s payout ratio is presently 19.46%.

Insider Activity at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the transaction, the executive vice president directly owned 18,416 shares of the company’s stock, valued at $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 insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TRV shares. UBS Group boosted their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a research note on Wednesday. Citigroup started coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective on the stock. Weiss Ratings reissued a “buy (b+)” rating on shares of Travelers Companies in a research note on Saturday, September 27th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $284.56.

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.