UMB Bank n.a. Sells 86,957 Shares of The Travelers Companies, Inc. (NYSE:TRV)

UMB Bank n.a. trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 77.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,307 shares of the insurance provider's stock after selling 86,957 shares during the quarter. UMB Bank n.a.'s holdings in Travelers Companies were worth $6,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Yoffe Investment Management LLC purchased a new stake in shares of Travelers Companies in the fourth quarter worth $1,202,000. Elevate Capital Advisors LLC bought a new position in Travelers Companies in the 4th quarter worth about $4,627,000. Erste Asset Management GmbH boosted its stake in Travelers Companies by 1.0% in the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock worth $2,414,000 after purchasing an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Travelers Companies by 43.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider's stock valued at $38,343,000 after purchasing an additional 47,985 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Travelers Companies by 16.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider's stock valued at $5,122,000 after purchasing an additional 3,046 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total value of $549,000.00. Following the completion of the sale, the insider now directly owns 255,086 shares of the company's stock, valued at $70,021,107. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Alan D. Schnitzer sold 35,456 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now owns 262,329 shares in the company, valued at $71,820,433.62. The trade was a 11.91% 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 worth $44,868,201 over the last quarter. 1.46% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Performance

TRV opened at $273.85 on Monday. The company's 50 day moving average is $262.55 and its 200 day moving average is $254.07. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a market cap of $61.85 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same quarter last year, the company posted $4.69 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.61%. The ex-dividend date is Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's payout ratio is currently 23.95%.

Wall Street Analysts Forecast Growth

TRV has been the topic of several analyst reports. Wells Fargo & Company upped their target price on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. upped their price objective on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research report on Tuesday, April 8th. Morgan Stanley set a $269.00 target price on Travelers Companies and gave the stock an "equal weight" rating in a report on Monday, May 19th. Jefferies Financial Group boosted 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. Finally, Evercore ISI increased their price objective on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $271.11.

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.

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