Fulton Bank N.A. Boosts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Fulton Bank N.A. increased its position in The Travelers Companies, Inc. (NYSE:TRVFree Report) by 1.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 16,327 shares of the insurance provider’s stock after purchasing an additional 249 shares during the period. Fulton Bank N.A.’s holdings in Travelers Companies were worth $3,757,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Johnson Investment Counsel Inc. lifted its position in shares of Travelers Companies by 29.0% in the fourth quarter. Johnson Investment Counsel Inc. now owns 4,614 shares of the insurance provider’s stock worth $879,000 after buying an additional 1,037 shares in the last quarter. Focus Financial Network Inc. ADV purchased a new stake in shares of Travelers Companies in the fourth quarter worth about $1,973,000. Dynamic Advisor Solutions LLC raised its position in Travelers Companies by 124.9% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock valued at $2,660,000 after purchasing an additional 7,649 shares during the period. Bank of Nova Scotia raised its position in Travelers Companies by 552.8% during the fourth quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock valued at $31,631,000 after purchasing an additional 140,622 shares during the period. Finally, Worth Asset Management LLC purchased a new stake in Travelers Companies during the fourth quarter valued at approximately $2,201,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. Insiders sold a total of 18,635 shares of company stock worth $3,980,827 over the last 90 days. Company insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 1.6 %

NYSE:TRV traded up $3.41 during midday trading on Thursday, hitting $211.92. The stock had a trading volume of 1,686,192 shares, compared to its average volume of 1,383,737. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The company has a market capitalization of $48.53 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.08 and a beta of 0.62. The stock has a 50-day moving average of $213.49 and a 200 day moving average of $210.28. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRVGet Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. During the same period last year, the company earned $4.11 EPS. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.87 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.98%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is currently 31.20%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TRV shares. JMP Securities restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Morgan Stanley upped their price objective on Travelers Companies from $214.00 to $216.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Piper Sandler restated a “neutral” rating and set a $213.00 price objective on shares of Travelers Companies in a research report on Monday, April 1st. TD Cowen decreased their price objective on Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Finally, The Goldman Sachs Group upped their price objective on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $222.65.

Get Our Latest Research Report on Travelers Companies

About Travelers Companies

(Free Report)

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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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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