US Bancorp DE Cuts Stake in The Travelers Companies, Inc. (NYSE:TRV)

US Bancorp DE cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 546,683 shares of the insurance provider’s stock after selling 8,764 shares during the quarter. US Bancorp DE’s holdings in Travelers Companies were worth $127,989,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Valeo Financial Advisors LLC increased its position in shares of Travelers Companies by 8.0% during the first quarter. Valeo Financial Advisors LLC now owns 4,890 shares of the insurance provider’s stock worth $1,125,000 after purchasing an additional 364 shares in the last quarter. Norden Group LLC acquired a new stake in shares of Travelers Companies in the first quarter valued at about $1,207,000. First Trust Direct Indexing L.P. lifted its stake in shares of Travelers Companies by 10.5% in the first quarter. First Trust Direct Indexing L.P. now owns 9,080 shares of the insurance provider’s stock worth $2,090,000 after buying an additional 862 shares in the last quarter. Veracity Capital LLC boosted its position in Travelers Companies by 13.2% during the first quarter. Veracity Capital LLC now owns 2,156 shares of the insurance provider’s stock worth $496,000 after acquiring an additional 251 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its stake in Travelers Companies by 1.6% during the 1st quarter. Maryland State Retirement & Pension System now owns 17,893 shares of the insurance provider’s stock valued at $4,118,000 after acquiring an additional 288 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Down 0.6 %

NYSE TRV traded down $1.41 during trading on Thursday, hitting $248.68. The stock had a trading volume of 210,523 shares, compared to its average volume of 1,305,095. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $56.95 billion, a PE ratio of 18.59, a PEG ratio of 1.21 and a beta of 0.62. The firm has a 50 day moving average price of $238.15 and a 200 day moving average price of $221.16. The Travelers Companies, Inc. has a twelve month low of $165.84 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating 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 business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter last year, the firm posted $1.95 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 18.53 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s payout ratio is currently 31.20%.

Insider Activity at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the sale, the insider now owns 250,384 shares in the company, valued at $65,237,551.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Andy F. Bessette sold 4,520 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the transaction, the executive vice president now owns 16,976 shares in the company, valued at approximately $4,302,736.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,999 shares of company stock worth $16,580,166. Company insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TRV. Wells Fargo & Company raised their target price on shares of Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Royal Bank of Canada lifted their price objective on Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. BMO Capital Markets raised their target price on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Barclays boosted their price target on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Bank of America raised their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. Four 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $247.90.

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.