Keybank National Association OH Sells 1,546 Shares of The Travelers Companies, Inc. $TRV

Keybank National Association OH lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.3% in the first quarter, HoldingsChannel.com reports. The firm owned 65,066 shares of the insurance provider’s stock after selling 1,546 shares during the quarter. Keybank National Association OH’s holdings in Travelers Companies were worth $18,978,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC boosted its position in Travelers Companies by 31.3% in the 1st quarter. Root Financial Partners LLC now owns 1,276 shares of the insurance provider’s stock valued at $372,000 after buying an additional 304 shares during the last quarter. CHICAGO TRUST Co NA increased its stake in shares of Travelers Companies by 9.5% in the 1st quarter. CHICAGO TRUST Co NA now owns 2,985 shares of the insurance provider’s stock valued at $871,000 after buying an additional 258 shares during the period. Argent Advisors Inc. raised its position in shares of Travelers Companies by 1.9% during the first quarter. Argent Advisors Inc. now owns 12,358 shares of the insurance provider’s stock worth $3,605,000 after acquiring an additional 231 shares during the last quarter. Financial Life Planners bought a new stake in shares of Travelers Companies during the first quarter worth $105,000. Finally, USS Investment Management Ltd lifted its stake in shares of Travelers Companies by 5.5% during the first quarter. USS Investment Management Ltd now owns 39,325 shares of the insurance provider’s stock valued at $11,470,000 after acquiring an additional 2,035 shares during the period. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.2%

Shares of NYSE TRV opened at $341.65 on Friday. The Travelers Companies, Inc. has a twelve month low of $249.19 and a twelve month high of $342.31. The stock has a market cap of $72.65 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 3.09 and a beta of 0.46. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The company’s fifty day moving average is $306.77 and its 200-day moving average is $298.09.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. The business had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS. Equities research analysts predict that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s payout ratio is presently 14.88%.

Insider Buying and Selling

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Avrohom J. Kess sold 6,735 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total value of $2,079,633.30. Following the sale, the insider directly owned 48,737 shares in the company, valued at approximately $15,049,010.86. This represents a 12.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TRV shares. Roth Mkm restated a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. BMO Capital Markets upped their price objective on Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Piper Sandler increased their target price on Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Seaport Research Partners set a $322.00 target price on Travelers Companies in a report on Tuesday, May 26th. Finally, Brean Capital began coverage on Travelers Companies in a research report on Thursday, March 12th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $309.07.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.