Reliance Trust Co. of Delaware Has $2.66 Million Stake in Travelers Companies Inc (TRV)

Reliance Trust Co. of Delaware trimmed its stake in Travelers Companies Inc (NYSE:TRV) by 9.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,482 shares of the insurance provider’s stock after selling 2,157 shares during the period. Reliance Trust Co. of Delaware’s holdings in Travelers Companies were worth $2,656,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TRV. Squar Milner Financial Services LLC purchased a new stake in shares of Travelers Companies in the 2nd quarter worth $100,000. Landaas & Co. WI ADV purchased a new stake in shares of Travelers Companies in the 2nd quarter worth $108,000. Acadian Asset Management LLC purchased a new stake in shares of Travelers Companies in the 2nd quarter worth $112,000. American National Bank purchased a new stake in shares of Travelers Companies in the 2nd quarter worth $117,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Travelers Companies in the 2nd quarter worth $129,000. Hedge funds and other institutional investors own 79.44% of the company’s stock.

In other Travelers Companies news, Vice Chairman Jay S. Benet sold 8,876 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the completion of the transaction, the insider now owns 94,176 shares of the company’s stock, valued at approximately $12,431,232. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andy F. Bessette sold 8,892 shares of the stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $130.78, for a total transaction of $1,162,895.76. Following the transaction, the executive vice president now directly owns 10,551 shares of the company’s stock, valued at approximately $1,379,859.78. The disclosure for this sale can be found here. 0.80% of the stock is owned by corporate insiders.

Several equities research analysts have recently commented on TRV shares. Zacks Investment Research lowered Travelers Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Wells Fargo & Co restated a “hold” rating and issued a $142.00 price objective on shares of Travelers Companies in a research note on Thursday, July 19th. B. Riley upped their price objective on Travelers Companies from $118.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. Citigroup lowered Travelers Companies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $149.00 to $134.00 in a research note on Friday, October 19th. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $130.00 price target on shares of Travelers Companies in a research note on Friday, July 13th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $136.53.

Shares of TRV stock opened at $125.87 on Wednesday. Travelers Companies Inc has a 52-week low of $119.67 and a 52-week high of $150.55. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $32.13 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 0.97 and a beta of 1.25.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 18th. The insurance provider reported $2.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.28. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. The business had revenue of $6.88 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the prior year, the business posted $0.91 EPS. Travelers Companies’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts expect that Travelers Companies Inc will post 9.88 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 10th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Friday, December 7th. Travelers Companies’s dividend payout ratio (DPR) is presently 42.31%.

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.

Featured Article: How accurate is the Rule of 72?

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).

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.

Leave a Reply