Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of Travelers Companies Inc (NYSE:TRV) by 0.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,587 shares of the insurance provider’s stock after acquiring an additional 100 shares during the quarter. Travelers Companies makes up about 1.4% of Farmers & Merchants Trust Co of Chambersburg PA’s investment portfolio, making the stock its 24th biggest position. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Travelers Companies were worth $1,723,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the stock. Advantage Investment Management LLC bought a new position in Travelers Companies during the 2nd quarter worth $25,000. Next Capital Management LLC bought a new position in Travelers Companies during the second quarter valued at about $25,000. Krane Funds Advisors LLC bought a new position in Travelers Companies during the second quarter valued at about $25,000. Virtus ETF Advisers LLC bought a new position in Travelers Companies during the second quarter valued at about $25,000. Finally, Meeder Asset Management Inc. bought a new position in Travelers Companies during the second quarter valued at about $28,000. 81.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of Travelers Companies stock traded down $1.07 during midday trading on Thursday, hitting $131.09. 13,461 shares of the company were exchanged, compared to its average volume of 1,202,002. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a market cap of $33.89 billion, a P/E ratio of 14.70, a PEG ratio of 1.33 and a beta of 0.93. Travelers Companies Inc has a 52 week low of $111.08 and a 52 week high of $155.09. The firm has a 50 day simple moving average of $145.10 and a 200-day simple moving average of $146.21.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.50%. Travelers Companies’s dividend payout ratio (DPR) is presently 36.69%.
In related news, Vice Chairman William H. Heyman sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $150.75, for a total transaction of $753,750.00. Following the completion of the transaction, the insider now owns 244,745 shares in the company, valued at approximately $36,895,308.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $149.50, for a total value of $1,121,250.00. Following the transaction, the insider now owns 242,245 shares of the company’s stock, valued at approximately $36,215,627.50. The disclosure for this sale can be found here. Insiders have sold a total of 56,566 shares of company stock valued at $8,347,056 in the last 90 days. 0.73% of the stock is owned by corporate insiders.
Several research analysts recently weighed in on TRV shares. UBS Group raised their target price on Travelers Companies from $146.00 to $152.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Royal Bank of Canada raised their price objective on Travelers Companies to $160.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th. Deutsche Bank upgraded Travelers Companies from a “sell” rating to a “hold” rating and set a $140.00 price objective for the company in a research report on Tuesday. Evercore ISI began coverage on Travelers Companies in a research report on Thursday, October 17th. They issued an “underperform” rating and a $128.00 price objective for the company. Finally, Buckingham Research downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price objective for the company. in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $147.07.
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.
Read More: Elliott Wave Theory
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travelers Companies Inc (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.