Ledyard National Bank Increases Position in The Travelers Companies, Inc. (NYSE:TRV)

Ledyard National Bank grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,067 shares of the insurance provider’s stock after buying an additional 39 shares during the period. Ledyard National Bank’s holdings in Travelers Companies were worth $484,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TRV. Y.D. More Investments Ltd acquired a new stake in Travelers Companies during the 2nd quarter worth $25,000. Pathway Financial Advisers LLC acquired a new stake in shares of Travelers Companies during the 1st quarter worth about $35,000. Beacon Capital Management LLC boosted its stake in shares of Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares during the last quarter. Finally, Tributary Capital Management LLC acquired a new position in Travelers Companies during the first quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Diane Kurtzman sold 3,941 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the completion of the transaction, the executive vice president now owns 1,715 shares in the company, valued at $446,671.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,465 shares of company stock valued at $13,681,936 over the last three months. 1.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TRV has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a research report on Monday. Roth Mkm lifted their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley reduced their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and reduced their price target for the company from $252.00 to $230.00 in a report on Monday, July 15th. Finally, Bank of America upped their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $247.45.

Travelers Companies Price Performance

TRV stock opened at $259.19 on Wednesday. The company has a current ratio of 0.34, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $269.55. The firm has a market capitalization of $59.08 billion, a PE ratio of 13.29, a P/E/G ratio of 1.40 and a beta of 0.62. The firm has a 50-day moving average of $233.84 and a two-hundred day moving average of $219.94.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.95 earnings per share. On average, analysts forecast that The Travelers Companies, Inc. will post 17.45 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Travelers Companies 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.