Bank & Trust Co Sells 159 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Bank & Trust Co trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,354 shares of the insurance provider’s stock after selling 159 shares during the quarter. Travelers Companies accounts for 1.7% of Bank & Trust Co’s portfolio, making the stock its 13th biggest holding. Bank & Trust Co’s holdings in Travelers Companies were worth $2,012,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CWA Asset Management Group LLC raised its holdings in Travelers Companies by 25.2% in the fourth quarter. CWA Asset Management Group LLC now owns 2,367 shares of the insurance provider’s stock worth $570,000 after buying an additional 476 shares during the last quarter. Pensionfund Sabic increased its position in shares of Travelers Companies by 21.1% during the fourth quarter. Pensionfund Sabic now owns 6,900 shares of the insurance provider’s stock valued at $1,662,000 after acquiring an additional 1,200 shares in the last quarter. Nordea Investment Management AB lifted its position in Travelers Companies by 15.6% in the 4th quarter. Nordea Investment Management AB now owns 645,650 shares of the insurance provider’s stock valued at $155,008,000 after acquiring an additional 86,928 shares in the last quarter. GAMMA Investing LLC boosted its stake in Travelers Companies by 12.7% during the 4th quarter. GAMMA Investing LLC now owns 7,055 shares of the insurance provider’s stock valued at $1,699,000 after purchasing an additional 797 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Up 0.2 %

Shares of NYSE TRV traded up $0.55 during trading hours on Tuesday, hitting $242.43. 314,851 shares of the company traded hands, compared to its average volume of 862,012. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $189.87 and a 12 month high of $269.55. The stock has a market capitalization of $55.04 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 1.17 and a beta of 0.65. The company’s 50 day moving average price is $251.35 and its 200 day moving average price is $234.10.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.95 earnings per share. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 18.84 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.73%. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Analysts Set New Price Targets

Several equities research analysts recently commented on TRV shares. Royal Bank of Canada increased their price objective on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Wells Fargo & Company reissued an “underweight” rating and set a $217.00 price objective (down from $256.00) on shares of Travelers Companies in a report on Wednesday, December 11th. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Roth Mkm increased their price target on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $253.45.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $65,237,551.20. This trade represents a 1.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is currently owned by company insiders.

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.