The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Huntington National Bank

Huntington National Bank trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,185 shares of the insurance provider's stock after selling 1,141 shares during the quarter. Huntington National Bank's holdings in Travelers Companies were worth $13,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Edgestream Partners L.P. purchased a new position in shares of Travelers Companies during the 3rd quarter worth $1,909,000. Benjamin Edwards Inc. bought a new position in Travelers Companies in the 3rd quarter worth $1,574,000. Ascent Group LLC lifted its position in Travelers Companies by 2.2% during the third quarter. Ascent Group LLC now owns 4,801 shares of the insurance provider's stock valued at $1,124,000 after purchasing an additional 103 shares in the last quarter. Hilltop Holdings Inc. grew its holdings in Travelers Companies by 30.8% during the third quarter. Hilltop Holdings Inc. now owns 7,820 shares of the insurance provider's stock valued at $1,831,000 after purchasing an additional 1,842 shares during the period. Finally, HighTower Advisors LLC increased its position in Travelers Companies by 7.2% in the third quarter. HighTower Advisors LLC now owns 124,234 shares of the insurance provider's stock worth $29,025,000 after buying an additional 8,369 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TRV. JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Royal Bank of Canada restated a "sector perform" rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective on the stock in a report on Wednesday, January 8th. Finally, StockNews.com cut Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $261.53.

Travelers Companies Stock Up 3.4 %

NYSE TRV traded up $7.92 on Tuesday, hitting $241.75. The stock had a trading volume of 460,077 shares, compared to its average volume of 1,288,690. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The business's fifty day moving average price is $252.02 and its 200 day moving average price is $248.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market cap of $54.81 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the company earned $7.01 earnings per share. The company's quarterly revenue was up 9.9% on a year-over-year basis. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies's dividend payout ratio is presently 19.56%.

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.