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

Truist Financial Corp cut 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 filing with the Securities and Exchange Commission (SEC). The fund owned 145,249 shares of the insurance provider's stock after selling 8,754 shares during the quarter. Truist Financial Corp owned approximately 0.06% of Travelers Companies worth $38,412,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after acquiring an additional 387 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in Travelers Companies in the 4th quarter worth about $276,000. SBI Securities Co. Ltd. purchased a new stake in Travelers Companies in the 4th quarter worth about $83,000. Assetmark Inc. increased its holdings in Travelers Companies by 9.2% in the 4th quarter. Assetmark Inc. now owns 2,972 shares of the insurance provider's stock worth $716,000 after acquiring an additional 251 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Travelers Companies in the 4th quarter worth about $399,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

Shares of NYSE TRV traded down $5.30 during trading hours on Monday, reaching $258.83. 1,112,021 shares of the stock traded hands, compared to its average volume of 1,285,617. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The company's 50-day simple moving average is $267.88 and its two-hundred day simple moving average is $255.40. The company has a market capitalization of $58.46 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 3.87 and a beta of 0.51. The Travelers Companies, Inc. has a 52-week low of $202.69 and a 52-week high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating 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 company had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same period in the previous year, the company posted $4.69 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently declared 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. The ex-dividend date was Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.70%. Travelers Companies's payout ratio is currently 23.95%.

Insider Activity at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 20,286 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total value of $5,547,815.28. Following the sale, the chief financial officer directly owned 26,932 shares of the company's stock, valued at approximately $7,365,363.36. The trade was a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Avrohom J. Kess sold 23,434 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.93, for a total value of $6,419,275.62. Following the completion of the sale, the insider directly owned 48,387 shares in the company, valued at $13,254,650.91. This trade represents a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 163,869 shares of company stock valued at $44,868,201 over the last ninety days. Insiders own 1.46% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TRV. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research note on Monday, March 24th. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $280.00 to $274.00 in a research note on Monday. Wells Fargo & Company raised their target price on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods raised their target price on Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 28th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of "Hold" and an average target price of $270.79.

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.