Union Savings Bank Reduces Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Union Savings Bank lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 21.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,552 shares of the insurance provider's stock after selling 991 shares during the quarter. Union Savings Bank's holdings in Travelers Companies were worth $939,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TRV. Yoffe Investment Management LLC bought a new stake in shares of Travelers Companies in the fourth quarter worth $1,202,000. Erste Asset Management GmbH increased its holdings in shares of Travelers Companies by 1.0% in the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock valued at $2,414,000 after purchasing an additional 100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Travelers Companies by 43.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider's stock valued at $38,343,000 after purchasing an additional 47,985 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Travelers Companies by 16.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider's stock valued at $5,122,000 after acquiring an additional 3,046 shares in the last quarter. Finally, Banco Santander S.A. grew its stake in shares of Travelers Companies by 2.3% in the fourth quarter. Banco Santander S.A. now owns 66,689 shares of the insurance provider's stock valued at $16,065,000 after acquiring an additional 1,494 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Price Performance

Shares of TRV traded down $1.23 during midday trading on Tuesday, hitting $266.39. 1,116,977 shares of the company traded hands, compared to its average volume of 1,286,688. The stock has a 50-day moving average of $266.53 and a 200-day moving average of $254.18. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $277.83. The firm has a market cap of $60.17 billion, a P/E ratio of 14.23, a PEG ratio of 3.91 and a beta of 0.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The firm had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same period in the prior year, the business posted $4.69 earnings per share. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.65%. Travelers Companies's dividend payout ratio is currently 23.95%.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Jefferies Financial Group raised their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. Barclays lowered their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Wells Fargo & Company raised their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. Finally, Evercore ISI lifted their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $271.11.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 35,456 shares of the company'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 completion of the sale, the chief executive officer now owns 262,329 shares of the company's stock, valued at $71,820,433.62. This represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Donnay Rowland sold 12,069 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.01, for a total value of $3,307,026.69. Following the completion of the sale, the executive vice president now directly owns 11,731 shares of the company's stock, valued at approximately $3,214,411.31. This represents a 50.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is owned by corporate insiders.

About Travelers Companies

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.