Glenview Trust Co Takes $51.90 Million Position in The Travelers Companies, Inc. $TRV

Glenview Trust Co bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 219,654 shares of the insurance provider’s stock, valued at approximately $51,900,000. Glenview Trust Co owned 0.11% of Travelers Companies as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TRV. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Travelers Companies during the second quarter worth $4,447,000. Arbejdsmarkedets Tillaegspension bought a new position in Travelers Companies during the 4th quarter valued at $24,167,000. Biondo Investment Advisors LLC purchased a new position in Travelers Companies during the 2nd quarter worth $13,649,000. Evolve Private Wealth LLC purchased a new position in Travelers Companies during the 2nd quarter worth $987,000. Finally, Rit Capital Partners PLC bought a new stake in shares of Travelers Companies in the 4th quarter worth $39,450,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.5%

NYSE TRV opened at $369.13 on Friday. The business’s fifty day moving average is $357.31 and its 200-day moving average is $320.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $76.99 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 3.53 and a beta of 0.45. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the prior year, the business earned $6.51 earnings per share. The firm’s revenue for the quarter was up .3% on a year-over-year basis. Equities research analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio is currently 13.39%.

Analyst Ratings Changes

Several brokerages have recently commented on TRV. UBS Group increased their target price on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $356.00 price target (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. HSBC upped their price objective on shares of Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Barclays increased their price objective on shares of Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $354.26.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the completion of the transaction, the executive vice president directly owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel S. Frey sold 14,037 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 52,667 shares of company stock worth $19,611,829 over the last 90 days. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.