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

Key Points

• TIAA Trust National Association reduced its holdings in The Travelers Companies by 6.1%, now owning 41,857 shares, valued at $11,070,000.
• Several institutional investors, including Cornerstone Planning Group LLC and Ameriflex Group Inc., have either increased their stakes or newly invested in Travelers Companies.
• The company reported a significant earnings per share increase, with $6.51 EPS for the last quarter, beating estimates by $2.99 and showing a year-over-year revenue growth of 7.4%.

TIAA Trust National Association reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,857 shares of the insurance provider's stock after selling 2,714 shares during the quarter. TIAA Trust National Association's holdings in Travelers Companies were worth $11,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of TRV. Baker Avenue Asset Management LP increased its position in Travelers Companies by 0.3% during the first quarter. Baker Avenue Asset Management LP now owns 14,182 shares of the insurance provider's stock valued at $3,751,000 after acquiring an additional 45 shares during the last quarter. Blueshift Asset Management LLC lifted its stake in shares of Travelers Companies by 13.3% in the 1st quarter. Blueshift Asset Management LLC now owns 2,015 shares of the insurance provider's stock worth $533,000 after purchasing an additional 236 shares during the period. Castellan Group purchased a new position in shares of Travelers Companies in the first quarter worth approximately $5,726,000. Commerce Bank increased its holdings in Travelers Companies by 9.3% during the first quarter. Commerce Bank now owns 24,993 shares of the insurance provider's stock valued at $6,610,000 after buying an additional 2,126 shares during the last quarter. Finally, MONECO Advisors LLC raised its position in Travelers Companies by 17.4% in the first quarter. MONECO Advisors LLC now owns 2,325 shares of the insurance provider's stock worth $615,000 after acquiring an additional 344 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Jeffrey P. Klenk sold 15,180 shares of the stock in a transaction 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 directly owned 6,075 shares in the company, valued at approximately $1,657,685.25. This represents a 71.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Alan D. Schnitzer sold 35,456 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the completion of the transaction, the chief executive officer directly owned 262,329 shares in the company, valued at $71,820,433.62. The trade was a 11.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,374 shares of company stock worth $47,929,912 over the last ninety days. 1.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on TRV. Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Wall Street Zen raised Travelers Companies from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Jefferies Financial Group upped their price objective on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Finally, Evercore ISI raised their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Travelers Companies has a consensus rating of "Hold" and an average price target of $279.82.

Travelers Companies Price Performance

Shares of NYSE:TRV traded down $1.58 during trading on Thursday, reaching $266.01. The stock had a trading volume of 51,817 shares, compared to its average volume of 1,336,257. 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 1-year low of $208.63 and a 1-year high of $277.83. The stock has a market cap of $59.89 billion, a PE ratio of 11.79, a PEG ratio of 3.07 and a beta of 0.51. The business has a fifty day moving average price of $263.56 and a 200-day moving average price of $258.23.

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

Travelers Companies Dividend Announcement

The company also recently announced 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. This represents a $4.40 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's payout ratio is presently 19.46%.

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.