Truist Financial Corp Sells 8,754 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Truist Financial Corp trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145,249 shares of the insurance provider's stock after selling 8,754 shares during the quarter. Truist Financial Corp owned about 0.06% of Travelers Companies worth $38,412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Smith Salley Wealth Management grew its position in Travelers Companies by 0.6% during the first quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock worth $1,936,000 after buying an additional 44 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Travelers Companies by 7.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider's stock worth $173,000 after buying an additional 47 shares in the last quarter. JT Stratford LLC grew its position in Travelers Companies by 0.8% during the fourth quarter. JT Stratford LLC now owns 6,044 shares of the insurance provider's stock worth $1,456,000 after buying an additional 49 shares in the last quarter. Trifecta Capital Advisors LLC grew its position in Travelers Companies by 13.4% during the first quarter. Trifecta Capital Advisors LLC now owns 422 shares of the insurance provider's stock worth $112,000 after buying an additional 50 shares in the last quarter. Finally, BLB&B Advisors LLC grew its position in Travelers Companies by 3.6% during the first quarter. BLB&B Advisors LLC now owns 1,424 shares of the insurance provider's stock worth $377,000 after buying an additional 50 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In related news, EVP Maria Olivo sold 36,199 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeffrey P. Klenk sold 15,180 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $272.87, for a total value of $4,142,166.60. Following the transaction, the executive vice president directly owned 6,075 shares of the company's stock, valued at approximately $1,657,685.25. This trade represents a 71.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock worth $44,868,201 over the last quarter. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Stock Down 0.5%

Shares of NYSE:TRV traded down $1.18 during trading on Tuesday, hitting $257.81. The stock had a trading volume of 140,926 shares, compared to its average volume of 1,335,368. The Travelers Companies, Inc. has a 12 month low of $202.83 and a 12 month high of $277.83. The company has a market capitalization of $58.23 billion, a PE ratio of 14.03, a PEG ratio of 3.87 and a beta of 0.51. The firm's fifty day moving average is $267.83 and its 200 day moving average is $255.53. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $10.97 billion. During the same quarter in the prior year, the company earned $4.69 EPS. Analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio (DPR) is 23.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Barclays lowered Travelers Companies from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $280.00 to $274.00 in a research note on Monday. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 28th. UBS Group dropped their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, Jefferies Financial Group lifted their price target on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of "Hold" and a consensus price target of $270.79.

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.