Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in Travelers Companies Inc (NYSE:TRV) by 2.9% in the 1st quarter, HoldingsChannel reports. The firm owned 11,587 shares of the insurance provider’s stock after buying an additional 326 shares during the quarter. Travelers Companies comprises approximately 1.4% of Farmers & Merchants Trust Co of Chambersburg PA’s holdings, making the stock its 24th largest holding. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Travelers Companies were worth $1,589,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. New Potomac Partners LLC raised its stake in shares of Travelers Companies by 0.6% during the 4th quarter. New Potomac Partners LLC now owns 16,450 shares of the insurance provider’s stock worth $1,970,000 after acquiring an additional 90 shares in the last quarter. Savant Capital LLC raised its stake in shares of Travelers Companies by 1.5% during the 4th quarter. Savant Capital LLC now owns 6,194 shares of the insurance provider’s stock worth $742,000 after acquiring an additional 91 shares in the last quarter. Level Four Advisory Services LLC raised its stake in shares of Travelers Companies by 5.5% during the 4th quarter. Level Four Advisory Services LLC now owns 1,777 shares of the insurance provider’s stock worth $213,000 after acquiring an additional 92 shares in the last quarter. Sandy Spring Bank raised its stake in shares of Travelers Companies by 4.7% during the 4th quarter. Sandy Spring Bank now owns 2,048 shares of the insurance provider’s stock worth $245,000 after acquiring an additional 92 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA raised its stake in shares of Travelers Companies by 3.8% during the 1st quarter. Lederer & Associates Investment Counsel CA now owns 2,715 shares of the insurance provider’s stock worth $372,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 80.29% of the company’s stock.

In related news, CEO Alan D. Schnitzer sold 66,228 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of $132.22, for a total transaction of $8,756,666.16. Following the sale, the chief executive officer now directly owns 134,252 shares of the company’s stock, valued at $17,750,799.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 3,500 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $133.55, for a total transaction of $467,425.00. Following the sale, the insider now directly owns 243,245 shares in the company, valued at $32,485,369.75. The disclosure for this sale can be found here. Insiders have sold 118,894 shares of company stock worth $15,566,097 over the last three months. 0.80% of the stock is currently owned by insiders.

Several analysts have weighed in on TRV shares. Credit Suisse Group reissued a “neutral” rating on shares of Travelers Companies in a research report on Wednesday, January 23rd. Morgan Stanley dropped their target price on shares of Travelers Companies from $126.00 to $119.00 and set an “underweight” rating on the stock in a research report on Thursday, January 3rd. Compass Point began coverage on shares of Travelers Companies in a report on Tuesday, January 15th. They issued a “buy” rating and a $155.00 price objective on the stock. Barclays raised shares of Travelers Companies from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $135.00 to $145.00 in a report on Wednesday, January 9th. Finally, Wells Fargo & Co set a $130.00 price objective on shares of Travelers Companies and gave the company a “hold” rating in a report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $139.00.

Shares of TRV stock traded down $0.12 during trading hours on Monday, hitting $137.60. The company’s stock had a trading volume of 14,375 shares, compared to its average volume of 1,339,938. The company has a market capitalization of $35.69 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 1.05 and a beta of 1.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.38 and a quick ratio of 0.38. Travelers Companies Inc has a 12-month low of $111.08 and a 12-month high of $138.99.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, January 22nd. The insurance provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.98 by $0.15. Travelers Companies had a net margin of 8.32% and a return on equity of 10.69%. The business had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the prior year, the firm earned $2.28 EPS. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that Travelers Companies Inc will post 11.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 11th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Friday, March 8th. Travelers Companies’s dividend payout ratio (DPR) is presently 34.45%.

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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.

Read More: How Investors Use a Balance Sheet

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)

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