Zions Bancorporation N.A. Grows Position in The Travelers Companies, Inc. (NYSE:TRV)

Zions Bancorporation N.A. boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 21.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,826 shares of the insurance provider’s stock after buying an additional 495 shares during the quarter. Zions Bancorporation N.A.’s holdings in Travelers Companies were worth $662,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Quent Capital LLC raised its holdings in Travelers Companies by 19.7% in the 1st quarter. Quent Capital LLC now owns 1,375 shares of the insurance provider’s stock worth $316,000 after purchasing an additional 226 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Travelers Companies in the first quarter worth about $4,974,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Travelers Companies by 3.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 186,582 shares of the insurance provider’s stock valued at $42,882,000 after buying an additional 5,595 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Travelers Companies by 485.9% during the 1st quarter. Acadian Asset Management LLC now owns 190,322 shares of the insurance provider’s stock valued at $43,785,000 after acquiring an additional 157,837 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in Travelers Companies in the 1st quarter worth approximately $235,000. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Bank of America increased their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Barclays raised their target price on shares of Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. UBS Group upped their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their price target on Travelers Companies from $207.00 to $256.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $247.90.

Insider Activity at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 2,014 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. The trade was a 0.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,999 shares of company stock worth $16,580,166 in the last 90 days. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 1.7 %

Shares of NYSE:TRV opened at $260.82 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market capitalization of $59.21 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.23 and a beta of 0.62. The business’s 50-day moving average is $243.91 and its 200 day moving average is $223.99. The Travelers Companies, Inc. has a 1 year low of $169.18 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the prior year, the firm earned $1.95 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. On average, research analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.61%. Travelers Companies’s dividend payout ratio is presently 21.54%.

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.