Watch Point Trust Co Grows Position in Travelers Companies Inc (NYSE:TRV)

Watch Point Trust Co lifted its stake in Travelers Companies Inc (NYSE:TRV) by 12.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,310 shares of the insurance provider’s stock after buying an additional 2,715 shares during the quarter. Travelers Companies makes up about 2.1% of Watch Point Trust Co’s investment portfolio, making the stock its 19th largest position. Watch Point Trust Co’s holdings in Travelers Companies were worth $3,785,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Advantage Investment Management LLC purchased a new position in shares of Travelers Companies in the second quarter worth $25,000. Interactive Financial Advisors purchased a new position in shares of Travelers Companies in the first quarter worth $27,000. Princeton Global Asset Management LLC purchased a new position in shares of Travelers Companies in the first quarter worth $27,000. Buffington Mohr McNeal purchased a new position in shares of Travelers Companies in the first quarter worth $28,000. Finally, Mcmillion Capital Management Inc. purchased a new position in shares of Travelers Companies in the second quarter worth $31,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies stock traded up $1.94 during mid-day trading on Thursday, reaching $145.42. 446,756 shares of the company’s stock traded hands, compared to its average volume of 1,316,677. The stock has a market capitalization of $38.10 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94. The firm’s 50 day moving average price is $150.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.38. Travelers Companies Inc has a 12-month low of $111.08 and a 12-month high of $155.09.



Travelers Companies (NYSE:TRV) last announced its earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.32 by ($0.30). Travelers Companies had a net margin of 8.65% and a return on equity of 10.73%. The firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same period in the prior year, the company posted $1.81 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Travelers Companies Inc will post 10.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, September 9th. Travelers Companies’s payout ratio is presently 36.69%.

A number of equities research analysts recently issued reports on TRV shares. MKM Partners upped their price target on shares of Travelers Companies to $140.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Barclays set a $177.00 price target on shares of Travelers Companies and gave the company a “buy” rating in a research note on Monday. Deutsche Bank downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 price target on the stock. in a research note on Thursday, June 27th. ValuEngine downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada upped their price target on shares of Travelers Companies to $160.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. Travelers Companies currently has an average rating of “Hold” and an average target price of $148.78.

In other news, EVP Diane D. Bengston sold 6,899 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $147.53, for a total value of $1,017,809.47. Following the transaction, the executive vice president now directly owns 11,746 shares in the company, valued at $1,732,887.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 3,545 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $147.41, for a total transaction of $522,568.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,944 shares of company stock worth $4,892,878. Company insiders own 0.73% of the company’s stock.

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.

Featured Article: Convertible Shares

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

Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.