Commerce Bank Has $3.81 Million Holdings in Travelers Companies Inc (TRV)

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Commerce Bank grew its position in shares of Travelers Companies Inc (NYSE:TRV) by 1.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,741 shares of the insurance provider’s stock after buying an additional 296 shares during the quarter. Commerce Bank’s holdings in Travelers Companies were worth $3,805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc raised its position in shares of Travelers Companies by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 22,074,825 shares of the insurance provider’s stock valued at $2,863,326,000 after purchasing an additional 65,931 shares in the last quarter. Clean Yield Group lifted its holdings in shares of Travelers Companies by 10.8% in the fourth quarter. Clean Yield Group now owns 2,045 shares of the insurance provider’s stock valued at $245,000 after purchasing an additional 200 shares in the last quarter. Tributary Capital Management LLC bought a new stake in shares of Travelers Companies in the fourth quarter valued at about $69,000. Assenagon Asset Management S.A. bought a new stake in shares of Travelers Companies in the fourth quarter valued at about $287,000. Finally, IFM Investors Pty Ltd lifted its holdings in shares of Travelers Companies by 9.3% in the fourth quarter. IFM Investors Pty Ltd now owns 15,474 shares of the insurance provider’s stock valued at $1,853,000 after purchasing an additional 1,321 shares in the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

TRV opened at $146.94 on Friday. Travelers Companies Inc has a 52-week low of $111.08 and a 52-week high of $148.85. The stock has a market cap of $38.62 billion, a P/E ratio of 16.44, a P/E/G ratio of 1.34 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 0.38.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, April 18th. The insurance provider reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.07. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.94 billion. Travelers Companies had a return on equity of 10.86% and a net margin of 8.64%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.46 earnings per share. Equities research analysts predict that Travelers Companies Inc will post 11.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a $0.82 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.28 annualized dividend and a yield of 2.23%. Travelers Companies’s dividend payout ratio is currently 34.45%.

TRV has been the topic of a number of research reports. Zacks Investment Research upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $151.00 price target on the stock in a report on Tuesday, March 26th. Royal Bank of Canada set a $145.00 price target on Travelers Companies and gave the company a “neutral” rating in a report on Wednesday, April 24th. MKM Partners boosted their price target on Travelers Companies to $140.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. UBS Group upped their target price on Travelers Companies from $129.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Finally, Barclays upped their target price on Travelers Companies from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $141.42.

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 4,450 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $132.57, for a total value of $589,936.50. Following the sale, the executive vice president now owns 13,219 shares in the company, valued at $1,752,442.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Alan D. Schnitzer sold 66,228 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $132.22, for a total value of $8,756,666.16. Following the completion of the sale, the chief executive officer now owns 134,252 shares in the company, valued at approximately $17,750,799.44. The disclosure for this sale can be found here. Insiders sold 286,038 shares of company stock worth $39,834,429 in the last 90 days. Corporate insiders own 0.73% of the company’s stock.

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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.

Read More: How is Preferred Stock Different from Common Stock?

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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