Stock Yards Bank & Trust Co. Purchases 356 Shares of The Travelers Companies, Inc. $TRV

Stock Yards Bank & Trust Co. increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 8.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,781 shares of the insurance provider’s stock after acquiring an additional 356 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Travelers Companies were worth $1,279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Ascent Group LLC lifted its position in Travelers Companies by 6.3% during the second quarter. Ascent Group LLC now owns 6,959 shares of the insurance provider’s stock valued at $1,862,000 after purchasing an additional 410 shares in the last quarter. Ameritas Advisory Services LLC lifted its position in Travelers Companies by 36.2% during the second quarter. Ameritas Advisory Services LLC now owns 1,091 shares of the insurance provider’s stock valued at $292,000 after purchasing an additional 290 shares in the last quarter. Abacus Planning Group Inc. lifted its position in Travelers Companies by 12.0% during the second quarter. Abacus Planning Group Inc. now owns 896 shares of the insurance provider’s stock valued at $240,000 after purchasing an additional 96 shares in the last quarter. Hilltop National Bank purchased a new position in Travelers Companies during the second quarter valued at $110,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Travelers Companies by 11.5% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,739 shares of the insurance provider’s stock valued at $13,575,000 after purchasing an additional 5,234 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

NYSE:TRV opened at $284.93 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $64.15 billion, a P/E ratio of 12.60, a P/E/G ratio of 3.27 and a beta of 0.51. The Travelers Companies, Inc. has a 12 month low of $224.62 and a 12 month high of $286.17. The business’s 50-day moving average is $271.60 and its 200 day moving average is $265.48.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $2.99. The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.51 earnings per share. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Wednesday, September 10th. Travelers Companies’s payout ratio is currently 19.46%.

Insider Transactions at Travelers Companies

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TRV. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday. Wells Fargo & Company boosted their price objective on Travelers Companies from $264.00 to $275.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Citigroup started coverage on Travelers Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price objective on the stock. Finally, Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average price target of $284.56.

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.