Bank & Trust Co Decreases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Bank & Trust Co decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.9% in the fourth quarter, HoldingsChannel reports. The fund owned 8,354 shares of the insurance provider’s stock after selling 159 shares during the quarter. Travelers Companies makes up 1.7% of Bank & Trust Co’s portfolio, making the stock its 13th largest position. Bank & Trust Co’s holdings in Travelers Companies were worth $2,012,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Y.D. More Investments Ltd acquired a new position in Travelers Companies during the 2nd quarter valued at about $25,000. Wolff Wiese Magana LLC grew its stake in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of Travelers Companies in the third quarter valued at about $41,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Travelers Companies during the third quarter worth about $50,000. Finally, Versant Capital Management Inc boosted its position in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after buying an additional 215 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Up 0.2 %

Shares of NYSE TRV traded up $0.55 during trading on Tuesday, reaching $242.43. The stock had a trading volume of 314,851 shares, compared to its average volume of 862,012. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market cap of $55.04 billion, a P/E ratio of 12.43, a PEG ratio of 1.17 and a beta of 0.65. The business’s 50-day moving average price is $251.35 and its 200-day moving average price is $234.10. The Travelers Companies, Inc. has a fifty-two week low of $189.87 and a fifty-two week 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, topping analysts’ consensus estimates of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.95 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 18.84 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.73%. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Insider Buying and Selling at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. The trade was a 1.18 % 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, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the sale, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,149 shares of company stock valued at $20,295,856 in the last quarter. Corporate insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TRV. 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 research note on Tuesday, December 10th. UBS Group lifted their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Barclays cut their price target on shares of Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a report on Monday. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research report on Thursday, November 21st. Finally, Jefferies Financial Group boosted their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $253.45.

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.