Bremer Bank National Association Reduces Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Bremer Bank National Association cut its position in The Travelers Companies, Inc. (NYSE:TRV) by 44.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,581 shares of the insurance provider’s stock after selling 1,287 shares during the quarter. Bremer Bank National Association’s holdings in Travelers Companies were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Travelers Companies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock valued at $4,132,313,000 after acquiring an additional 148,012 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after purchasing an additional 3,158,979 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Travelers Companies by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock valued at $595,075,000 after purchasing an additional 154,886 shares in the last quarter. Norges Bank purchased a new stake in Travelers Companies during the 4th quarter worth approximately $282,593,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Travelers Companies by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock valued at $273,529,000 after purchasing an additional 40,114 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

NYSE TRV traded up $3.21 on Wednesday, hitting $214.09. The stock had a trading volume of 643,456 shares, compared to its average volume of 1,366,963. The company’s 50-day moving average is $209.53 and its two-hundred day moving average is $215.24. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The stock has a market cap of $48.80 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.10 and a beta of 0.61. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same quarter in the prior year, the business earned $0.06 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, analysts expect that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Announces Dividend

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 paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

Analysts Set New Price Targets

TRV has been the subject of a number of research analyst reports. Evercore ISI dropped their price target on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. William Blair restated a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Keefe, Bruyette & Woods decreased their price target on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research note on Thursday, April 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $225.00 price objective on shares of Travelers Companies in a report on Monday, July 22nd. Finally, StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating 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 issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average target price of $223.78.

Insider Buying and Selling

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies 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.