Capital City Trust Co. FL Decreases Stock Position in The Travelers Companies, Inc. $TRV

Capital City Trust Co. FL trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 25,417 shares of the insurance provider’s stock after selling 56 shares during the quarter. Travelers Companies makes up 1.8% of Capital City Trust Co. FL’s holdings, making the stock its 16th biggest holding. Capital City Trust Co. FL’s holdings in Travelers Companies were worth $6,800,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. PFG Advisors raised its position in Travelers Companies by 108.8% in the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock worth $1,125,000 after purchasing an additional 2,217 shares during the period. Greatmark Investment Partners Inc. boosted its stake in shares of Travelers Companies by 3.0% during the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock valued at $16,120,000 after purchasing an additional 1,772 shares in the last quarter. Portside Wealth Group LLC bought a new position in shares of Travelers Companies during the first quarter valued at approximately $208,000. Atlas Capital Advisors Inc. boosted its stake in Travelers Companies by 890.9% in the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock valued at $1,205,000 after acquiring an additional 4,098 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in Travelers Companies by 47.3% in the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock valued at $1,403,000 after acquiring an additional 1,703 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the sale, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TRV has been the subject of several recent analyst reports. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Barclays cut shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $280.00 to $274.00 in a report on Monday, July 7th. Wolfe Research started coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Travelers Companies in a report on Saturday, September 27th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $284.56.

Travelers Companies Stock Up 1.7%

TRV stock opened at $284.93 on Friday. The firm has a market cap of $64.15 billion, a PE ratio of 12.60, a P/E/G ratio of 3.27 and a beta of 0.51. 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 fifty day moving average is $271.60 and its 200 day moving average is $265.48. The Travelers Companies, Inc. has a one year low of $224.62 and a one year high of $286.17.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $2.51 earnings per share. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were given a $1.10 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is 19.46%.

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.