The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,841 shares of the insurance provider’s stock after selling 1,241 shares during the period. Hancock Whitney Corp’s holdings in Travelers Companies were worth $3,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwest Financial Advisors purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $32,000. Private Wealth Management Group LLC acquired a new position in shares of Travelers Companies in the fourth quarter valued at about $39,000. OLD Second National Bank of Aurora purchased a new position in shares of Travelers Companies in the fourth quarter worth about $41,000. Opal Wealth Advisors LLC acquired a new stake in shares of Travelers Companies during the first quarter worth about $42,000. Finally, Tributary Capital Management LLC purchased a new stake in Travelers Companies in the first quarter valued at approximately $45,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Down 2.1 %

NYSE:TRV traded down $4.45 during trading hours on Thursday, hitting $211.99. The company had a trading volume of 557,361 shares, compared to its average volume of 1,368,302. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The company has a market cap of $48.32 billion, a P/E ratio of 15.81, a P/E/G ratio of 1.14 and a beta of 0.61. The company has a 50-day moving average of $209.73 and a 200 day moving average of $214.87. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. Travelers Companies’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.23 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.98%. Travelers Companies’s payout ratio is currently 31.20%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TRV has been the subject of a number of recent research reports. The Goldman Sachs Group raised their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. Jefferies Financial Group cut their price target on Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research report on Friday, April 19th. Keefe, Bruyette & Woods decreased their price objective on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a report on Thursday, April 18th. Evercore ISI dropped their target price on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. Finally, Piper Sandler decreased their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $221.11.

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.