The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by First National Trust Co

First National Trust Co reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 19.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,247 shares of the insurance provider’s stock after selling 3,443 shares during the period. First National Trust Co’s holdings in Travelers Companies were worth $2,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. acquired a new position in Travelers Companies during the 3rd quarter valued at about $26,000. AM Squared Ltd grew its stake in Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Valued Wealth Advisors LLC acquired a new position in shares of Travelers Companies in the fourth quarter valued at about $40,000. OLD Second National Bank of Aurora purchased a new position in shares of Travelers Companies in the fourth quarter worth about $41,000. Finally, Operose Advisors LLC purchased a new position in shares of Travelers Companies in the third quarter worth about $43,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares in the company, valued at approximately $3,147,865.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $12,057,727 over the last 90 days. 1.33% of the stock is owned by insiders.

Travelers Companies Trading Down 0.2 %

Travelers Companies stock traded down $0.52 during midday trading on Friday, reaching $213.85. 1,298,445 shares of the stock traded hands, compared to its average volume of 1,525,222. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm has a market cap of $48.97 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.12 and a beta of 0.60. The company has a 50-day simple moving average of $220.82 and a two-hundred day simple moving average of $200.14. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.11 EPS. Research analysts expect that The Travelers Companies, Inc. will post 17.71 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a $1.05 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. TD Cowen reduced their price objective on Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Raymond James lifted their price objective on Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research report on Monday, April 8th. Roth Mkm reiterated a “buy” rating and set a $240.00 price objective on shares of Travelers Companies in a research report on Thursday, April 18th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $223.47.

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.