The Travelers Companies, Inc. $TRV Shares Sold by Northern Trust Corp

Key Points

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Northern Trust Corp decreased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 0.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,302,115 shares of the insurance provider's stock after selling 27,117 shares during the quarter. Northern Trust Corp owned about 1.46% of Travelers Companies worth $873,277,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC increased its holdings in shares of Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after buying an additional 84 shares during the last quarter. Putney Financial Group LLC acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $26,000. Ameriflex Group Inc. acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $26,000. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Travelers Companies during the 1st quarter worth approximately $26,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Stock Up 0.5%

Shares of TRV stock traded up $1.4190 on Friday, reaching $276.3390. 1,457,579 shares of the stock were exchanged, compared to its average volume of 1,335,443. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The business's 50 day moving average price is $262.92 and its 200 day moving average price is $259.94. The company has a market capitalization of $62.21 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 3.15 and a beta of 0.51. The Travelers Companies, Inc. has a twelve month low of $218.57 and a twelve month high of $279.04.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.51 earnings per share. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies's dividend payout ratio (DPR) is presently 19.46%.

Wall Street Analyst Weigh In

TRV has been the topic of several recent analyst reports. Barclays lowered shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $280.00 to $274.00 in a report on Monday, July 7th. UBS Group increased their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Wall Street Zen cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Travelers Companies has a consensus rating of "Hold" and an average target price of $284.56.

Insider Activity at Travelers Companies

In other Travelers Companies news, insider Avrohom J. Kess sold 23,434 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the transaction, the insider owned 48,387 shares of the company's stock, valued at approximately $13,254,650.91. This trade represents a 32.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,374 shares of company stock valued at $47,929,912. Corporate insiders own 1.46% of the company's stock.

Travelers Companies 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.