Cape ANN Savings Bank Cuts Holdings in The Travelers Companies, Inc. $TRV

Cape ANN Savings Bank lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,550 shares of the insurance provider’s stock after selling 50 shares during the period. Cape ANN Savings Bank’s holdings in Travelers Companies were worth $415,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC boosted its holdings in shares of Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in shares of Travelers Companies in the 1st quarter worth about $26,000. Missouri Trust & Investment Co boosted its holdings in shares of Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in Travelers Companies in the first quarter worth approximately $32,000. Finally, Nova Wealth Management Inc. purchased a new stake in Travelers Companies in the second quarter worth approximately $32,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Travelers Companies stock opened at $284.93 on Friday. 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 firm has a 50-day moving average of $271.60 and a 200-day moving average of $265.45. The firm has a market cap of $64.15 billion, a P/E ratio of 12.60, a P/E/G ratio of 3.22 and a beta of 0.51. The Travelers Companies, Inc. has a 1-year low of $224.62 and a 1-year high of $286.17.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period in the prior year, the business posted $2.51 earnings per share. Travelers Companies’s revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

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

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TRV shares. Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a research note on Wednesday. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Weiss Ratings restated a “buy (b+)” rating on shares of Travelers Companies in a research report on Saturday, September 27th. Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, UBS Group increased their target price on Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $284.56.

About Travelers Companies

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.