OLD National Bancorp IN Lowers Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

OLD National Bancorp IN lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 22.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,478 shares of the insurance provider's stock after selling 1,315 shares during the quarter. OLD National Bancorp IN's holdings in Travelers Companies were worth $1,184,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Travelers Companies by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock valued at $822,000 after buying an additional 41 shares during the last quarter. Quent Capital LLC boosted its holdings in Travelers Companies by 3.3% during the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock valued at $328,000 after acquiring an additional 43 shares during the period. Lake Street Advisors Group LLC grew its position in Travelers Companies by 2.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock worth $555,000 after acquiring an additional 46 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Travelers Companies by 7.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider's stock worth $173,000 after acquiring an additional 47 shares during the last quarter. Finally, Valmark Advisers Inc. increased its stake in Travelers Companies by 5.4% in the 4th quarter. Valmark Advisers Inc. now owns 940 shares of the insurance provider's stock worth $226,000 after purchasing an additional 48 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRV has been the subject of several analyst reports. Barclays dropped their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. Wells Fargo & Company lifted their target price on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research note on Thursday, April 17th. Finally, Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $271.11.

Travelers Companies Stock Down 1.8%

Travelers Companies stock traded down $4.88 during mid-day trading on Tuesday, reaching $262.90. The stock had a trading volume of 1,385,572 shares, compared to its average volume of 1,291,365. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $277.83. The company has a 50-day moving average price of $262.62 and a two-hundred day moving average price of $254.11. The company has a market capitalization of $59.38 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 4.65 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter in the prior year, the firm posted $4.69 earnings per share. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

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

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,000 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total value of $549,000.00. Following the transaction, the insider now directly owns 255,086 shares of the company's stock, valued at approximately $70,021,107. This trade represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alan D. Schnitzer sold 35,456 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.78, for a total value of $9,707,143.68. Following the sale, the chief executive officer now directly owns 262,329 shares of the company's stock, valued at $71,820,433.62. This represents a 11.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold 163,869 shares of company stock worth $44,868,201 over the last quarter. 1.46% of the stock is currently owned by insiders.

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.