The Travelers Companies, Inc. $TRV Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE reduced its stake in The Travelers Companies by 0.8%, now holding 528,096 shares valued at approximately $141.3 million.
• Analyst ratings for Travelers Companies include one Strong Buy, seven Buy, and eleven Hold, with the average target price set at $288.67.
• The Travelers Companies announced a quarterly dividend of $1.10 per share, reflecting an annual yield of 1.6% and a low payout ratio of 19.46%.

US Bancorp DE reduced its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 528,096 shares of the insurance provider's stock after selling 4,077 shares during the period. US Bancorp DE owned about 0.23% of Travelers Companies worth $141,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Bearing Point Capital LLC grew its holdings in shares of Travelers Companies by 2.0% in the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock valued at $522,000 after purchasing an additional 38 shares during the period. Forum Financial Management LP lifted its position in Travelers Companies by 0.9% in the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock valued at $1,171,000 after buying an additional 39 shares during the last quarter. Y.D. More Investments Ltd lifted its position in Travelers Companies by 13.9% in the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock valued at $84,000 after buying an additional 39 shares during the last quarter. Park National Corp OH lifted its position in Travelers Companies by 1.6% in the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider's stock valued at $690,000 after buying an additional 40 shares during the last quarter. Finally, ORG Partners LLC lifted its position in Travelers Companies by 5.6% in the second quarter. ORG Partners LLC now owns 776 shares of the insurance provider's stock valued at $207,000 after buying an additional 41 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRV. UBS Group upped their target price on shares of Travelers Companies from $284.00 to $287.00 and gave the company a "neutral" rating in a research report on Wednesday. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Morgan Stanley upped their target price on shares of Travelers Companies from $269.00 to $285.00 and gave the company an "equal weight" rating in a research report on Tuesday. Wells Fargo & Company increased their price target on shares of Travelers Companies from $275.00 to $291.00 and gave the stock an "equal weight" rating in a research report on Wednesday. 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 equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $288.67.

Insider Buying and Selling

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the company's stock in a transaction that occurred on Monday, July 21st. The shares were 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 in the company, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. 1.46% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Down 0.8%

TRV stock opened at $282.80 on Thursday. The company's 50 day moving average price is $273.15 and its 200 day moving average price is $265.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $227.02 and a fifty-two week high of $287.95. The firm has a market capitalization of $63.67 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 3.27 and a beta of 0.51.

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

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Wednesday, September 10th. Travelers Companies's dividend payout ratio is presently 19.46%.

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.

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