Wilmington Savings Fund Society FSB Sells 922 Shares of The Travelers Companies, Inc. $TRV

Wilmington Savings Fund Society FSB lessened its position in The Travelers Companies, Inc. (NYSE:TRV) by 7.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,744 shares of the insurance provider’s stock after selling 922 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Travelers Companies were worth $2,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Travelers Companies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider’s stock worth $5,747,656,000 after acquiring an additional 115,808 shares during the period. Valeo Financial Advisors LLC raised its holdings in Travelers Companies by 71,265.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after acquiring an additional 3,611,758 shares during the period. Dimensional Fund Advisors LP raised its holdings in Travelers Companies by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider’s stock worth $899,988,000 after acquiring an additional 25,573 shares during the period. Goldman Sachs Group Inc. raised its holdings in 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 worth $511,631,000 after acquiring an additional 390,104 shares during the period. Finally, Bahl & Gaynor Inc. raised its holdings 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 acquiring an additional 490,039 shares during the period. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $275.59 on Wednesday. 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 firm’s 50-day simple moving average is $274.03 and its 200-day simple moving average is $266.31. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $287.95. The firm has a market cap of $62.04 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 3.03 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued 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 business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the business earned $2.51 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were given 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 was Wednesday, September 10th. Travelers Companies’s payout ratio is 19.46%.

Analyst Upgrades and Downgrades

TRV has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Travelers Companies in a report on Tuesday. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $275.00 to $291.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup began coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective on the stock. Finally, Barclays set a $313.00 price objective on shares of Travelers Companies in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $290.11.

Insider Activity

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 transaction of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares in the company, valued at $4,900,865.92. This represents 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 currently owned by insiders.

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.