Amalgamated Bank Buys 379 Shares of The Travelers Companies, Inc. $TRV

Amalgamated Bank increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.9% in the second quarter, Holdings Channel.com reports. The fund owned 44,721 shares of the insurance provider’s stock after purchasing an additional 379 shares during the period. Amalgamated Bank’s holdings in Travelers Companies were worth $11,965,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its position in shares of Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new position in shares of Travelers Companies during the first quarter worth $26,000. Missouri Trust & Investment Co boosted its position in shares of Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Quaker Wealth Management LLC boosted its position in shares of Travelers Companies by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 208 shares during the last quarter. Finally, Nova Wealth Management Inc. bought a new position in shares of Travelers Companies during the second quarter worth $32,000. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TRV. Zacks Research upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Barclays set a $313.00 price objective on shares of Travelers Companies in a research report on Wednesday, October 8th. UBS Group increased their price objective on shares of Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Finally, Wolfe Research began coverage on shares of Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $291.31.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the sale, the executive vice president owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This trade represents a 20.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction dated 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 is available in the SEC filing. 1.46% of the stock is owned by company insiders.

Travelers Companies Stock Performance

Travelers Companies stock opened at $271.00 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $60.45 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 2.38 and a beta of 0.51. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $287.95. The company’s 50-day moving average is $274.01 and its 200 day moving average is $267.84.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.01 by $2.13. The business had revenue of $11.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $5.24 earnings per share. Research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is presently 17.30%.

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.