The Travelers Companies, Inc. $TRV Shares Bought by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 6.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 5,287 shares of the insurance provider’s stock after buying an additional 315 shares during the period. Plimoth Trust Co. LLC’s holdings in Travelers Companies were worth $1,414,000 as of its most recent SEC filing.

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

Insider Transactions at Travelers Companies

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

Analysts Set New Price Targets

TRV has been the subject of a number of research reports. Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a research report on Wednesday. Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Travelers Companies in a report on Saturday, September 27th. Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $284.56.

Travelers Companies Trading Up 1.7%

Travelers Companies stock opened at $284.93 on Monday. The firm has a market cap of $64.15 billion, a PE ratio of 12.60, a P/E/G ratio of 3.27 and a beta of 0.51. The Travelers Companies, Inc. has a 12 month low of $224.62 and a 12 month high of $286.17. The stock’s 50 day simple moving average is $271.60 and its two-hundred day simple moving average is $265.52. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

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

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were paid 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 dividend payout ratio is presently 19.46%.

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.