The Travelers Companies, Inc. $TRV Holdings Cut by UMB Bank n.a.

Key Points

• UMB Bank n.a. reduced its stake in The Travelers Companies by 8.8% in Q2, owning 23,079 shares after selling 2,228 shares.
• Travelers reported earnings of $6.51 per share for the latest quarter, exceeding estimates and an increase from last year's $2.51 EPS.
• The company declared a quarterly dividend of $1.10 per share, with a payout ratio of 19.46%, set to be paid on September 30th.

UMB Bank n.a. decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 8.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,079 shares of the insurance provider's stock after selling 2,228 shares during the period. UMB Bank n.a.'s holdings in Travelers Companies were worth $6,175,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Travelers Companies by 0.5% during the first quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider's stock valued at $5,747,656,000 after buying an additional 115,808 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Travelers Companies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider's stock valued at $899,988,000 after purchasing an additional 25,573 shares during the period. GAMMA Investing LLC raised its position in Travelers Companies by 31,132.9% during the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock valued at $582,733,000 after purchasing an additional 2,196,426 shares during the period. Goldman Sachs Group Inc. raised its position in Travelers Companies by 25.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock valued at $511,631,000 after purchasing an additional 390,104 shares during the period. Finally, Bahl & Gaynor Inc. raised its position in Travelers Companies by 41.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock valued at $444,101,000 after purchasing an additional 490,039 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Up 0.3%

Shares of NYSE TRV traded up $0.70 during mid-day trading on Tuesday, hitting $276.81. The company had a trading volume of 264,248 shares, compared to its average volume of 1,313,174. The company has a market capitalization of $62.32 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 3.18 and a beta of 0.53. 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 Travelers Companies, Inc. has a 1-year low of $224.62 and a 1-year high of $280.70. The business's 50-day simple moving average is $268.52 and its 200 day simple moving average is $264.30.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share 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 company had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same period last year, the firm earned $2.51 earnings per share. Travelers Companies's quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have issued reports on TRV. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $280.00 to $274.00 in a research report on Monday, July 7th. Wells Fargo & Company increased their price target on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. UBS Group increased their price target on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Keefe, Bruyette & Woods increased their price target on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Finally, Wolfe Research began coverage on Travelers Companies in a report on Monday, September 15th. They issued a "peer perform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Travelers Companies has a consensus rating of "Hold" and an average price target of $284.56.

Insider Buying and Selling at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

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.