Keybank National Association OH Reduces Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Keybank National Association OH decreased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,270 shares of the insurance provider's stock after selling 1,434 shares during the period. Keybank National Association OH's holdings in Travelers Companies were worth $18,055,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other news, CEO Alan D. Schnitzer sold 35,456 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total value of $9,707,143.68. Following the transaction, the chief executive officer owned 262,329 shares in the company, valued at $71,820,433.62. The trade was a 11.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maria Olivo sold 36,199 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.20, for a total value of $9,925,765.80. Following the completion of the transaction, the executive vice president owned 118,116 shares of the company's stock, valued at $32,387,407.20. This trade represents a 23.46% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Trading Up 2.6%

TRV stock traded up $6.79 during mid-day trading on Thursday, reaching $264.13. The company's stock had a trading volume of 859,525 shares, compared to its average volume of 1,280,459. The business's 50 day moving average price is $267.71 and its 200 day moving average price is $254.88. The company has a market cap of $59.66 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 3.90 and a beta of 0.51. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a 12 month low of $200.40 and a 12 month high of $277.83.

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

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is currently 23.95%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TRV. Wells Fargo & Company boosted their target price on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. Evercore ISI upped their target price on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, Jefferies Financial Group raised their price objective on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $271.11.

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.