The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by First National Trust Co

Key Points

• First National Trust Co reduced its stake in Travelers Companies by 11.0% in the first quarter, bringing its total holding to 8,531 shares valued at approximately $2.26 million.
• Travelers reported an impressive $6.51 earnings per share (EPS) for the last quarter, significantly exceeding analysts' expectations of $3.52, along with a year-over-year revenue increase of 7.4%.
• The company announced a quarterly dividend of $1.10 per share, which is scheduled to be paid on September 30th, representing an annualized yield of 1.70%.

First National Trust Co trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 11.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,531 shares of the insurance provider's stock after selling 1,051 shares during the period. First National Trust Co's holdings in Travelers Companies were worth $2,256,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its holdings in shares of Travelers Companies by 1.6% during the 4th quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock valued at $3,439,392,000 after buying an additional 229,160 shares during the period. Geode Capital Management LLC raised its holdings in shares of Travelers Companies by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock valued at $1,269,321,000 after buying an additional 182,270 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Travelers Companies by 1.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider's stock valued at $903,937,000 after buying an additional 70,036 shares during the period. Bank of America Corp DE raised its holdings in shares of Travelers Companies by 236.9% during the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock valued at $844,854,000 after buying an additional 2,466,098 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Travelers Companies by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,377,966 shares of the insurance provider's stock valued at $813,704,000 after buying an additional 243,484 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

NYSE:TRV traded down $1.97 during midday trading on Friday, reaching $258.27. 1,076,945 shares of the company traded hands, compared to its average volume of 1,317,325. The Travelers Companies, Inc. has a twelve month low of $206.43 and a twelve month high of $277.83. The firm has a market capitalization of $58.14 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 3.04 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The company has a fifty day moving average price of $264.07 and a 200 day moving average price of $257.72.

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

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.7%. Travelers Companies's payout ratio is currently 19.46%.

Insider Buying and Selling at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 15,180 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the completion of the transaction, the executive vice president owned 6,075 shares in the company, valued at $1,657,685.25. The trade was a 71.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maria Olivo sold 36,199 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following 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 175,374 shares of company stock worth $47,929,912. 1.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the stock an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $280.00 to $274.00 in a report on Monday, July 7th. Wall Street Zen upgraded Travelers Companies from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Finally, Wells Fargo & Company lifted their price objective on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $279.82.

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.