Huntington National Bank Decreases Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Huntington National Bank decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,185 shares of the insurance provider’s stock after selling 1,141 shares during the period. Huntington National Bank’s holdings in Travelers Companies were worth $13,053,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TRV. Vanguard Group Inc. boosted its position in Travelers Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider’s stock valued at $5,207,499,000 after buying an additional 117,108 shares during the period. State Street Corp boosted its holdings in Travelers Companies by 0.8% during the 3rd quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock valued at $3,644,532,000 after acquiring an additional 120,228 shares during the period. Geode Capital Management LLC grew its position in Travelers Companies by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider’s stock worth $1,269,321,000 after acquiring an additional 182,270 shares during the last quarter. Norges Bank purchased a new position in Travelers Companies in the 4th quarter worth approximately $560,918,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Travelers Companies by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider’s stock valued at $366,820,000 after purchasing an additional 26,117 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Travelers Companies stock opened at $264.58 on Thursday. The stock’s 50 day moving average is $251.92 and its 200 day moving average is $248.59. The company has a market capitalization of $59.99 billion, a P/E ratio of 12.32, a PEG ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $7.01 earnings per share. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a $1.05 dividend. The ex-dividend date was Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.59%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Analyst Upgrades and Downgrades

TRV has been the topic of several recent analyst reports. Barclays raised their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a report on Monday, March 24th. Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $260.00.

Travelers Companies Company 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.