Trust Co. of Vermont Invests $2.07 Million in The Travelers Companies, Inc. $TRV

Trust Co. of Vermont purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,280 shares of the insurance provider’s stock, valued at approximately $2,073,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $276,000. WINTON GROUP Ltd purchased a new stake in shares of Travelers Companies in the second quarter valued at approximately $382,000. CIBC Asset Management Inc grew its stake in Travelers Companies by 13.9% in the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after purchasing an additional 8,383 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in Travelers Companies by 2.0% in the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock worth $28,254,000 after purchasing an additional 2,117 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Piper Sandler lifted their target price on Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. HSBC increased their price target on Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. TD Cowen lowered Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target on the stock. in a research note on Monday, July 13th. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Finally, BMO Capital Markets lowered shares of Travelers Companies from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $314.00 to $379.00 in a research note on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $354.26.

Travelers Companies Trading Down 1.6%

TRV opened at $364.50 on Tuesday. The firm has a market cap of $76.03 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 3.52 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The stock has a fifty day moving average price of $347.35 and a 200-day moving average price of $316.08.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period in the previous year, the company posted $6.51 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio is currently 13.39%.

Insider Transactions at Travelers Companies

In related news, EVP Diane Kurtzman sold 4,164 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the transaction, the executive vice president directly owned 5,298 shares of the company’s stock, valued at $2,048,789.58. This represents a 44.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the sale, the executive vice president owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.