Pinnacle Financial Partners Inc Has $2.69 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Pinnacle Financial Partners Inc reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,246 shares of the insurance provider’s stock after selling 82 shares during the period. Pinnacle Financial Partners Inc’s holdings in Travelers Companies were worth $2,685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TRV. Allspring Global Investments Holdings LLC boosted its stake in shares of Travelers Companies by 36.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,631 shares of the insurance provider’s stock valued at $3,894,000 after purchasing an additional 4,474 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in shares of Travelers Companies by 87.2% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,065 shares of the insurance provider’s stock valued at $484,000 after purchasing an additional 962 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Travelers Companies by 23,378.8% in the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after purchasing an additional 518,075 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Travelers Companies by 1,167.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 85,020 shares of the insurance provider’s stock valued at $19,905,000 after purchasing an additional 78,312 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC raised its holdings in Travelers Companies by 8.9% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 1,724 shares of the insurance provider’s stock valued at $404,000 after buying an additional 141 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.33% of the stock is currently owned by insiders.

Travelers Companies Stock Performance

Shares of TRV stock opened at $239.90 on Friday. The company has a market cap of $54.39 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 4.65 and a beta of 0.64. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $242.04 and a 200-day moving average of $241.74.

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

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.75%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Wall Street Analyst Weigh In

TRV has been the subject of a number of research reports. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Tuesday, December 10th. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $275.00 to $286.00 in a report on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Finally, BMO Capital Markets raised their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $261.05.

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.