Plimoth Trust Co. LLC Increases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Plimoth Trust Co. LLC grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,972 shares of the insurance provider’s stock after purchasing an additional 448 shares during the period. Plimoth Trust Co. LLC’s holdings in Travelers Companies were worth $1,315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TRV. Yoffe Investment Management LLC purchased a new stake in Travelers Companies during the 4th quarter worth approximately $1,202,000. Erste Asset Management GmbH increased its position in shares of Travelers Companies by 1.0% during the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock worth $2,414,000 after acquiring an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Travelers Companies by 43.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider’s stock valued at $38,343,000 after acquiring an additional 47,985 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Travelers Companies by 16.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider’s stock valued at $5,122,000 after acquiring an additional 3,046 shares in the last quarter. Finally, Banco Santander S.A. boosted its holdings in Travelers Companies by 2.3% in the fourth quarter. Banco Santander S.A. now owns 66,689 shares of the insurance provider’s stock valued at $16,065,000 after purchasing an additional 1,494 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Evercore ISI upped their price target on Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a report on Thursday, April 17th. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the stock an “equal weight” rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $290.00 to $303.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 28th. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a report on Thursday, April 17th. Finally, Hsbc Global Res lowered shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $271.11.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 15,180 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the completion of the sale, the executive vice president now owns 6,075 shares in the company, valued at $1,657,685.25. This represents a 71.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the completion of the sale, the insider now owns 255,086 shares of the company’s stock, valued at approximately $70,021,107. The trade was a 0.78% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,869 shares of company stock worth $44,868,201. Insiders own 1.46% of the company’s stock.

Travelers Companies Stock Performance

NYSE TRV opened at $264.93 on Thursday. The company has a fifty day moving average of $265.38 and a two-hundred day moving average of $254.21. The company has a market capitalization of $59.84 billion, a PE ratio of 14.42, a P/E/G ratio of 3.87 and a beta of 0.53. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $277.83. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. The firm had revenue of $10.52 billion during the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. During the same period in the prior year, the firm earned $4.69 EPS. As a group, analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.66%. Travelers Companies’s dividend payout ratio (DPR) is 23.95%.

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.