Amalgamated Bank lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV – Get Rating) by 7.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,769 shares of the insurance provider’s stock after selling 4,630 shares during the quarter. Amalgamated Bank’s holdings in Travelers Companies were worth $11,287,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Asset Management LLC bought a new position in Travelers Companies during the first quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group bought a new position in Travelers Companies during the first quarter worth about $32,000. Kings Point Capital Management boosted its position in Travelers Companies by 60.7% during the first quarter. Kings Point Capital Management now owns 180 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 68 shares during the period. Addison Advisors LLC boosted its position in Travelers Companies by 293.5% during the first quarter. Addison Advisors LLC now owns 181 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 135 shares during the period. Finally, Riverview Trust Co bought a new position in Travelers Companies during the first quarter worth about $35,000. Institutional investors own 82.39% of the company’s stock.
Travelers Companies Trading Down 1.1 %
Shares of TRV opened at $162.33 on Friday. The company has a market capitalization of $38.52 billion, a P/E ratio of 11.27, a P/E/G ratio of 3.00 and a beta of 0.61. The Travelers Companies, Inc. has a 1-year low of $145.40 and a 1-year high of $187.98. The firm’s 50 day simple moving average is $163.40 and its 200 day simple moving average is $170.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.
Travelers Companies (NYSE:TRV – Get Rating) last posted its quarterly earnings results on Thursday, July 21st. The insurance provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.00 by $0.57. The firm had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.29 billion. Travelers Companies had a net margin of 9.97% and a return on equity of 13.64%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $3.45 earnings per share. Sell-side analysts forecast that The Travelers Companies, Inc. will post 13.61 earnings per share for the current fiscal year.
Travelers Companies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, September 8th. Travelers Companies’s dividend payout ratio (DPR) is presently 25.82%.
Insiders Place Their Bets
In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 2,945 shares of Travelers Companies stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $168.33, for a total transaction of $495,731.85. Following the transaction, the executive vice president now directly owns 1,020 shares of the company’s stock, valued at $171,696.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.07% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on TRV. Royal Bank of Canada cut their target price on shares of Travelers Companies from $183.00 to $165.00 in a research report on Friday, July 22nd. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. UBS Group lowered their price target on shares of Travelers Companies from $184.00 to $169.00 and set a “neutral” rating on the stock in a report on Monday, July 25th. Citigroup initiated coverage on shares of Travelers Companies in a report on Monday, May 23rd. They issued a “neutral” rating and a $179.00 price target on the stock. Finally, The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $190.00 to $170.00 in a report on Friday, June 3rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $174.60.
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.
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