Old Port Advisors Has $328,000 Stock Holdings in Travelers Companies Inc (NYSE:TRV)

Old Port Advisors lessened its stake in shares of Travelers Companies Inc (NYSE:TRV) by 7.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,126 shares of the insurance provider’s stock after selling 175 shares during the period. Old Port Advisors’ holdings in Travelers Companies were worth $328,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Palmer Knight Co acquired a new stake in shares of Travelers Companies in the second quarter worth $6,139,000. Spinnaker Trust acquired a new stake in shares of Travelers Companies in the second quarter worth $216,000. Orrstown Financial Services Inc. grew its stake in shares of Travelers Companies by 1.2% in the second quarter. Orrstown Financial Services Inc. now owns 7,967 shares of the insurance provider’s stock worth $1,191,000 after acquiring an additional 92 shares during the last quarter. Nachman Norwood & Parrott Inc grew its stake in shares of Travelers Companies by 5.5% in the second quarter. Nachman Norwood & Parrott Inc now owns 2,624 shares of the insurance provider’s stock worth $392,000 after acquiring an additional 137 shares during the last quarter. Finally, Kwmg LLC grew its stake in shares of Travelers Companies by 3.2% in the second quarter. Kwmg LLC now owns 19,241 shares of the insurance provider’s stock worth $2,877,000 after acquiring an additional 600 shares during the last quarter. Institutional investors own 80.59% of the company’s stock.

Several brokerages have recently issued reports on TRV. Deutsche Bank downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 price objective on the stock. in a research note on Thursday, June 27th. Keefe, Bruyette & Woods cut Travelers Companies from an “outperform” rating to a “market perform” rating and set a $153.00 target price for the company. in a research report on Wednesday, June 5th. Barclays raised their target price on Travelers Companies from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. Morgan Stanley reduced their target price on Travelers Companies from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, July 24th. Finally, ValuEngine raised Travelers Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Travelers Companies presently has an average rating of “Hold” and a consensus target price of $147.65.

In other Travelers Companies news, Vice Chairman William H. Heyman sold 12,500 shares of Travelers Companies stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $145.50, for a total transaction of $1,818,750.00. Following the completion of the transaction, the insider now directly owns 244,745 shares of the company’s stock, valued at $35,610,397.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andy F. Bessette sold 16,550 shares of Travelers Companies stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $142.46, for a total value of $2,357,713.00. Following the transaction, the executive vice president now directly owns 9,609 shares of the company’s stock, valued at $1,368,898.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,350 shares of company stock valued at $19,398,763. Company insiders own 0.73% of the company’s stock.

TRV stock traded up $0.96 during midday trading on Thursday, hitting $147.58. The stock had a trading volume of 39,301 shares, compared to its average volume of 952,480. The firm has a market capitalization of $38.73 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 1.41 and a beta of 0.96. Travelers Companies Inc has a 52 week low of $111.08 and a 52 week high of $155.09. The stock’s 50-day simple moving average is $151.19. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.26.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Tuesday, July 23rd. The insurance provider reported $2.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.32 by ($0.30). The company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $7.03 billion. Travelers Companies had a net margin of 8.65% and a return on equity of 10.73%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.81 earnings per share. Equities analysts forecast that Travelers Companies Inc will post 10.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.22%. Travelers Companies’s payout ratio is presently 36.69%.

Travelers Companies 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.

Further Reading: How does equity income fit into an investing strategy?

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.