Bangor Savings Bank Purchases 108 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Bangor Savings Bank grew its position in The Travelers Companies, Inc. (NYSE:TRV) by 56.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 300 shares of the insurance provider’s stock after purchasing an additional 108 shares during the quarter. Bangor Savings Bank’s holdings in Travelers Companies were worth $70,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of TRV. Drive Wealth Management LLC raised its position in Travelers Companies by 2.8% in the 2nd quarter. Drive Wealth Management LLC now owns 1,771 shares of the insurance provider’s stock worth $360,000 after buying an additional 48 shares during the last quarter. Kapitalo Investimentos Ltda raised its holdings in shares of Travelers Companies by 24.1% during the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 49 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Travelers Companies by 9.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock valued at $129,000 after purchasing an additional 50 shares during the period. Norwood Financial Corp boosted its holdings in Travelers Companies by 16.1% in the first quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock worth $83,000 after purchasing an additional 50 shares during the last quarter. Finally, Arrow Financial Corp raised its stake in Travelers Companies by 0.6% during the 2nd quarter. Arrow Financial Corp now owns 8,983 shares of the insurance provider’s stock valued at $1,827,000 after buying an additional 51 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Morgan Stanley lowered their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Finally, Piper Sandler cut their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $227.05.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. This represents a 0.00 % 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. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $230.34 on Wednesday. The firm has a market cap of $52.75 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.23 and a beta of 0.62. The firm has a fifty day moving average price of $226.44 and a 200 day moving average price of $218.56. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $243.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. During the same period last year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.16 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

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.