Simmons Bank Has $320,000 Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Simmons Bank trimmed its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 28.3% in the third quarter, HoldingsChannel.com reports. The fund owned 1,365 shares of the insurance provider’s stock after selling 538 shares during the quarter. Simmons Bank’s holdings in Travelers Companies were worth $320,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TRV. Aptus Capital Advisors LLC boosted its position in shares of Travelers Companies by 7.7% during the 3rd quarter. Aptus Capital Advisors LLC now owns 4,188 shares of the insurance provider’s stock worth $980,000 after acquiring an additional 298 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Travelers Companies by 1.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 890,910 shares of the insurance provider’s stock valued at $208,580,000 after purchasing an additional 8,839 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Travelers Companies by 4.9% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,641 shares of the insurance provider’s stock valued at $384,000 after purchasing an additional 76 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Travelers Companies by 14.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 3,945 shares of the insurance provider’s stock worth $924,000 after buying an additional 511 shares in the last quarter. Finally, Delta Financial Advisors LLC lifted its position in shares of Travelers Companies by 3.1% during the 3rd quarter. Delta Financial Advisors LLC now owns 12,211 shares of the insurance provider’s stock worth $2,859,000 after buying an additional 364 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Travelers Companies stock opened at $256.52 on Friday. The firm’s 50 day simple moving average is $243.42 and its 200 day simple moving average is $223.76. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1-year low of $167.08 and a 1-year high of $269.55. The firm has a market capitalization of $58.24 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 1.23 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period in the prior year, the business earned $1.95 earnings per share. Travelers Companies’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, analysts expect that The Travelers Companies, Inc. will post 18.64 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Morgan Stanley decreased their target price 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. Piper Sandler dropped their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Roth Mkm boosted their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group increased their target price on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $247.90.

Insider Activity

In other news, EVP Diane Kurtzman sold 3,941 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.45, for a total value of $1,026,433.45. Following the sale, the executive vice president now directly owns 1,715 shares of the company’s stock, valued at $446,671.75. This represents a 69.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,999 shares of company stock valued at $16,580,166. Insiders own 1.33% of the company’s stock.

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.