First National Bank of Omaha Makes New Investment in The Travelers Companies, Inc. $TRV

Key Points

• First National Bank of Omaha acquired 26,791 shares of Travelers Companies in the second quarter, valued at approximately $8.84 million. Institutional investors and hedge funds collectively own 82.45% of the insurer.
• Travelers reported quarterly earnings of $10.04 per share, well above the $5.41 analyst consensus, while revenue reached $12.15 billion. Shares recently traded at $367.96, near their 52-week high.
• The company declared a quarterly dividend of $1.25 per share, equal to a $5.00 annualized payout and a 1.4% yield. Despite some analyst upgrades, the overall analyst consensus remains “Hold”, with an average price target of $354.26.

First National Bank of Omaha bought a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 26,791 shares of the insurance provider's stock, valued at approximately $8,844,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HHM Wealth Advisors LLC boosted its position in shares of Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock worth $25,000 after acquiring an additional 51 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Travelers Companies during the first quarter valued at approximately $26,000. LifeSteps Financial Inc. acquired a new position in Travelers Companies during the second quarter valued at approximately $26,000. Kemnay Advisory Services Inc. bought a new stake in Travelers Companies during the fourth quarter worth $26,000. Finally, Osterweis Capital Management Inc. lifted its stake in Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock worth $26,000 after purchasing an additional 91 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Up 0.9%

Shares of NYSE TRV opened at $367.96 on Wednesday. The firm has a 50 day moving average price of $348.71 and a two-hundred day moving average price of $316.68. The stock has a market cap of $76.74 billion, a P/E ratio of 9.85, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts' consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the previous year, the business earned $6.51 earnings per share. Travelers Companies's revenue was up .3% compared to the same quarter last year. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies's payout ratio is presently 13.39%.

Insider Activity

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,313 shares of the company's stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total value of $6,009,382.94. Following the sale, the executive vice president owned 9,213 shares in the company, valued at approximately $3,393,884.94. The trade was a 63.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares of the company's stock, valued at approximately $13,882,706.25. The trade was a 18.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TRV has been the topic of several recent analyst reports. Zacks Research upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. HSBC upped their price objective on Travelers Companies from $321.00 to $351.00 and gave the stock a "hold" rating in a research report on Monday, July 6th. Morgan Stanley lifted their target price on Travelers Companies from $290.00 to $330.00 and gave the company an "underweight" rating in a research report on Tuesday, July 21st. Raymond James Financial set a $430.00 target price on Travelers Companies in a research note on Monday, July 20th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $356.00 target price (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $354.26.

Travelers Companies Profile

The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.

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