Tompkins Financial Corp Raises Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Tompkins Financial Corp increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 40.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 759 shares of the insurance provider’s stock after purchasing an additional 219 shares during the period. Tompkins Financial Corp’s holdings in Travelers Companies were worth $178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TRV. Quent Capital LLC raised its holdings in shares of Travelers Companies by 19.7% during the 1st quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock valued at $316,000 after buying an additional 226 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Travelers Companies during the first quarter worth $593,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Travelers Companies by 5.8% in the first 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 period. PFG Advisors grew its holdings in Travelers Companies by 76.9% during the 1st quarter. PFG Advisors now owns 2,165 shares of the insurance provider’s stock valued at $498,000 after purchasing an additional 941 shares in the last quarter. Finally, Atomi Financial Group Inc. lifted its holdings in Travelers Companies by 20.6% in the 1st quarter. Atomi Financial Group Inc. now owns 1,905 shares of the insurance provider’s stock worth $438,000 after buying an additional 325 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $256.89 on Friday. The Travelers Companies, Inc. has a 12-month low of $167.08 and a 12-month high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a market cap of $58.32 billion, a PE ratio of 13.17, a P/E/G ratio of 1.22 and a beta of 0.62. The stock has a 50 day simple moving average of $241.70 and a 200-day simple moving average of $222.78.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the prior year, the business posted $1.95 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 18.53 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.63%. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Diane Kurtzman sold 3,941 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 1,715 shares of the company’s stock, valued at approximately $446,671.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the transaction, the executive vice president now owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Diane Kurtzman sold 3,941 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 1,715 shares of the company’s stock, valued at approximately $446,671.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,999 shares of company stock valued at $16,580,166. 1.33% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TRV. Citigroup lifted their target price on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research report on Tuesday, July 30th. Bank of America increased their target price on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. The Goldman Sachs Group upped their price target on shares of Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a report on Tuesday, October 22nd. TD Cowen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Finally, Wells Fargo & Company upped their target price on shares of Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $247.90.

Travelers Companies Company 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.