Bokf Na Sells 2,989 Shares of The Travelers Companies, Inc. $TRV

Key Points

• BOKF NA reduced its Travelers stake by 19.8% in the third quarter, selling 2,989 shares and retaining 12,116 shares valued at approximately $4.32 million. Institutional investors collectively own 82.45% of TRV.
• Travelers reported quarterly EPS of $9.18, exceeding estimates of $7.39, while revenue of $12.41 billion also surpassed expectations. The company declared a quarterly dividend of $1.25, equivalent to $5.00 annually and a 1.3% yield.
• Several insiders sold shares, including the CEO’s sale of 88,900 shares and an executive vice president’s sale of 15,100 shares. Despite strong earnings, analysts maintain a consensus “Hold” rating with an average price target of $366.37.

Bokf Na trimmed its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 19.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,116 shares of the insurance provider's stock after selling 2,989 shares during the quarter. Bokf Na's holdings in Travelers Companies were worth $4,319,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Travelers Companies in the 2nd quarter valued at about $6,915,909,000. Bank of America Corp DE acquired a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $932,142,000. GQG Partners LLC bought a new stake in shares of Travelers Companies during the second quarter worth approximately $789,024,000. Legal & General Group Plc bought a new stake in shares of Travelers Companies during the second quarter worth approximately $558,164,000. Finally, Bank of New York Mellon Corp acquired a new position in Travelers Companies in the second quarter valued at approximately $469,505,000. 82.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Maria Olivo sold 15,100 shares of the firm's stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $398.44, for a total transaction of $6,016,444.00. Following the completion of the sale, the executive vice president owned 103,642 shares in the company, valued at approximately $41,295,118.48. This trade represents a 12.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Alan Schnitzer sold 88,900 shares of the firm's stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $396.77, for a total transaction of $35,272,853.00. Following the sale, the chief executive officer owned 303,124 shares of the company's stock, valued at $120,270,509.48. This trade represents a 22.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 180,287 shares of company stock valued at $71,713,050. 1.39% of the stock is currently owned by insiders.

Travelers Companies Stock Up 1.1%

TRV stock opened at $398.35 on Friday. The company has a market cap of $81.64 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 2.73 and a beta of 0.43. The Travelers Companies, Inc. has a twelve month low of $264.25 and a twelve month high of $407.86. The business has a 50 day moving average price of $373.89 and a two-hundred day moving average price of $328.95. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.34.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.39 by $1.79. The firm had revenue of $12.41 billion for the quarter, compared to analyst estimates of $11.36 billion. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The company's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.14 earnings per share. Analysts anticipate that The Travelers Companies, Inc. will post 36.27 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, December 10th. Travelers Companies's dividend payout ratio is 13.11%.

Analysts Set New Price Targets

TRV has been the topic of a number of recent research reports. Mizuho raised their price objective on shares of Travelers Companies from $345.00 to $371.00 and gave the company a "neutral" rating in a research note on Tuesday, October 20th. The Goldman Sachs Group lowered shares of Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 price target on the stock. in a research note on Monday, July 20th. Weiss Ratings upgraded Travelers Companies from a "buy (a)" rating to a "buy (a+)" rating in a research note on Friday, October 9th. Cantor Fitzgerald boosted their price objective on shares of Travelers Companies from $378.00 to $397.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Citigroup reissued a "neutral" rating on shares of Travelers Companies in a research report on Friday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and an average target price of $366.37.

Trending Headlines about Travelers Companies

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Travelers introduced an AI-powered workers’ compensation quoting tool that reportedly cuts quote-generation time in half. Faster submissions could improve productivity and help the insurer win more small-business customers, supporting growth in its commercial insurance operations. TRV Launches AI Quoting Tool to Target Workers' Compensation Growth
• Positive Sentiment: Analysts and market commentary continue to highlight TRV as a long-term value stock. The company trades at a relatively modest earnings multiple, maintains strong profitability, and recently declared a quarterly dividend of $1.25, or $5.00 annualized, providing ongoing shareholder income. Why Travelers Is a Top Value Stock for the Long-Term
• Neutral Sentiment: Cantor Fitzgerald expects further upside for Travelers, while the broader analyst consensus remains “Hold.” The average published price target of $366.37 is below recent trading levels, suggesting that investors may need additional earnings or operating catalysts to support further gains.
• Negative Sentiment: Two executive vice presidents disclosed stock sales totaling approximately $5.53 million: Andy Bessette sold 3,000 shares, while Mojgan Lefebvre sold 11,000 shares and reduced her position by 50%. These transactions may raise concerns about insider confidence, although they do not necessarily indicate a change in the company’s fundamentals. Travelers Executive Insider Stock Sale

About Travelers Companies

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers' compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.