RNC Capital Management LLC Has $5.17 Million Holdings in The Travelers Companies, Inc. $TRV

RNC Capital Management LLC grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,328 shares of the insurance provider’s stock after purchasing an additional 74 shares during the quarter. RNC Capital Management LLC’s holdings in Travelers Companies were worth $5,171,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TRV. Brighton Jones LLC lifted its holdings in Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after buying an additional 387 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Travelers Companies during the 4th quarter worth about $276,000. GAMMA Investing LLC grew its position in shares of Travelers Companies by 18.1% during the 1st quarter. GAMMA Investing LLC now owns 8,332 shares of the insurance provider’s stock worth $2,203,000 after buying an additional 1,277 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Travelers Companies by 11.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,725 shares of the insurance provider’s stock valued at $7,068,000 after purchasing an additional 2,680 shares during the period. Finally, Flagship Harbor Advisors LLC grew its position in shares of Travelers Companies by 50.5% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,918 shares of the insurance provider’s stock valued at $772,000 after purchasing an additional 979 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.46% of the company’s stock.

Travelers Companies Trading Down 0.3%

NYSE TRV opened at $268.45 on Thursday. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $287.95. The stock has a market capitalization of $59.88 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 2.52 and a beta of 0.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The stock’s 50 day moving average price is $274.03 and its two-hundred day moving average price is $266.52.

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 analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company had revenue of $11.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter in the prior year, the business posted $5.24 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. As a group, analysts anticipate that The Travelers Companies, Inc. will post 17.02 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 Wednesday, December 31st. Investors of record on Wednesday, December 10th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is 17.30%.

Analyst Ratings Changes

Several equities analysts recently issued reports on TRV shares. Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday. The Goldman Sachs Group reiterated a “buy” rating on shares of Travelers Companies in a research report on Friday, October 17th. Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday. Wolfe Research started coverage on Travelers Companies in a research report on Monday, September 15th. They issued a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $291.31.

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.