Equitable Trust Co. Has $1.02 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Equitable Trust Co. grew its position in The Travelers Companies, Inc. (NYSE:TRV) by 12.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,362 shares of the insurance provider’s stock after purchasing an additional 471 shares during the period. Equitable Trust Co.’s holdings in Travelers Companies were worth $1,021,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Quent Capital LLC increased its holdings in shares of Travelers Companies by 19.7% during the first quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock worth $316,000 after buying an additional 226 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Travelers Companies during the 1st quarter valued at $593,000. Envestnet Portfolio Solutions Inc. raised its position in Travelers Companies by 5.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,082 shares of the insurance provider’s stock valued at $4,622,000 after purchasing an additional 1,098 shares during the last quarter. PFG Advisors boosted its stake in Travelers Companies by 76.9% in the first quarter. PFG Advisors now owns 2,165 shares of the insurance provider’s stock worth $498,000 after purchasing an additional 941 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its holdings in shares of Travelers Companies by 20.6% during the first quarter. Atomi Financial Group Inc. now owns 1,905 shares of the insurance provider’s stock worth $438,000 after purchasing an additional 325 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Vice Chairman William H. Heyman sold 2,014 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,999 shares of company stock worth $16,580,166 in the last 90 days. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Up 1.8 %

Travelers Companies stock opened at $256.89 on Friday. The firm has a market capitalization of $58.32 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 1.22 and a beta of 0.62. The company’s 50 day simple moving average is $241.70 and its 200 day simple moving average is $222.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a fifty-two week low of $167.08 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. The company 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.95 EPS. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 18.53 EPS for the current year.

Travelers Companies Announces Dividend

The firm 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 dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

Analyst Ratings Changes

Several research analysts recently issued reports on TRV shares. Royal Bank of Canada upped their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. UBS Group upped their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley decreased their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Roth Mkm boosted their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group increased their price objective on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $247.90.

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.