Bank of New York Mellon Corp Trims Stake in The Travelers Companies, Inc. (NYSE:TRV)

Bank of New York Mellon Corp lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,727,072 shares of the insurance provider's stock after selling 40,262 shares during the quarter. Bank of New York Mellon Corp owned about 0.76% of Travelers Companies worth $456,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of TRV. Putney Financial Group LLC bought a new position in shares of Travelers Companies in the 4th quarter worth approximately $26,000. Ameriflex Group Inc. purchased a new position in Travelers Companies during the fourth quarter valued at $26,000. Kapitalo Investimentos Ltda purchased a new position in Travelers Companies during the fourth quarter valued at $30,000. Wood Tarver Financial Group LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at $33,000. Finally, Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies in the 4th quarter worth about $37,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

TRV traded up $6.79 during midday trading on Friday, hitting $264.13. 859,525 shares of the company traded hands, compared to its average volume of 1,286,314. The company's 50-day moving average is $267.88 and its 200 day moving average is $255.28. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $59.66 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 3.87 and a beta of 0.51. The Travelers Companies, Inc. has a 52 week low of $202.69 and a 52 week high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. The company had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter in the prior year, the firm earned $4.69 earnings per share. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.67%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Tuesday, June 10th. Travelers Companies's dividend payout ratio is presently 23.95%.

Wall Street Analyst Weigh In

TRV has been the topic of several research reports. Barclays dropped their price objective on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group upped their price target on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Evercore ISI raised their price objective on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. UBS Group lowered their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a report on Monday, March 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $271.11.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 35,456 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the completion of the sale, the chief executive officer directly owned 262,329 shares in the company, valued at $71,820,433.62. The trade was a 11.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maria Olivo sold 36,199 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the sale, the executive vice president directly owned 118,116 shares of the company's stock, valued at $32,387,407.20. The trade was a 23.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,869 shares of company stock worth $44,868,201. Company insiders own 1.46% of the company's stock.

About Travelers Companies

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.