Canandaigua National Bank & Trust Co. Acquires 730 Shares of The Travelers Companies, Inc. $TRV

Canandaigua National Bank & Trust Co. lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 8.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,497 shares of the insurance provider’s stock after purchasing an additional 730 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Travelers Companies were worth $2,541,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in Travelers Companies by 3.3% in the second quarter. Parallel Advisors LLC now owns 6,866 shares of the insurance provider’s stock valued at $1,837,000 after acquiring an additional 221 shares during the last quarter. Nova Wealth Management Inc. bought a new stake in shares of Travelers Companies in the second quarter worth $32,000. OMNI 360 Wealth Inc. bought a new stake in shares of Travelers Companies in the second quarter worth $216,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Travelers Companies by 34.9% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,016 shares of the insurance provider’s stock valued at $272,000 after buying an additional 263 shares during the period. Finally, Park National Corp OH lifted its holdings in Travelers Companies by 1.6% in the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock valued at $690,000 after buying an additional 40 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

Travelers Companies stock opened at $278.83 on Monday. The firm’s fifty day moving average price is $266.13 and its 200-day moving average price is $263.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $62.77 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 3.20 and a beta of 0.53. The Travelers Companies, Inc. has a fifty-two week low of $224.62 and a fifty-two week high of $280.70.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $2.99. The company had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.51 EPS. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a $1.10 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is 19.46%.

Insider Activity

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the transaction, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TRV shares. Citigroup started coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective on the stock. Wall Street Zen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays downgraded shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. UBS Group upped their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Finally, Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $284.56.

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.