The Travelers Companies, Inc. $TRV Position Boosted by Missouri Trust & Investment Co

Missouri Trust & Investment Co lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 122.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 100 shares of the insurance provider’s stock after acquiring an additional 55 shares during the quarter. Missouri Trust & Investment Co’s holdings in Travelers Companies were worth $27,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TRV. Vanguard Group Inc. lifted its position in shares of Travelers Companies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider’s stock valued at $5,747,656,000 after acquiring an additional 115,808 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Travelers Companies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider’s stock valued at $899,988,000 after purchasing an additional 25,573 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Travelers Companies by 31,132.9% in the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider’s stock valued at $582,733,000 after purchasing an additional 2,196,426 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after purchasing an additional 390,104 shares during the period. Finally, Bahl & Gaynor Inc. increased its stake in Travelers Companies by 41.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock worth $444,101,000 after purchasing an additional 490,039 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TRV has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Citigroup started 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. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, Wolfe Research initiated coverage on Travelers Companies in a research report on Monday, September 15th. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $284.56.

Travelers Companies Stock Up 0.1%

TRV stock opened at $276.54 on Thursday. The company has a 50 day moving average of $269.52 and a two-hundred day moving average of $264.46. The company has a market cap of $62.26 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 3.17 and a beta of 0.53. The Travelers Companies, Inc. has a 12-month low of $224.62 and a 12-month high of $280.70. 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) 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 for the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the prior year, the business posted $2.51 earnings per share. Travelers Companies’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies’s payout ratio is currently 19.46%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction that occurred 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 directly owned 18,416 shares in the company, valued at $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was 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. Insiders own 1.46% of the company’s stock.

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.