Texas Bank & Trust Co Sells 417 Shares of The Travelers Companies, Inc. $TRV

Texas Bank & Trust Co reduced its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 8.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,270 shares of the insurance provider’s stock after selling 417 shares during the period. Texas Bank & Trust Co’s holdings in Travelers Companies were worth $1,142,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Cornerstone Planning Group LLC grew its position in Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in shares of Travelers Companies in the 1st quarter valued at approximately $26,000. Missouri Trust & Investment Co boosted its holdings in shares of Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares during the period. Quaker Wealth Management LLC increased its position in shares of Travelers Companies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 208 shares during the last quarter. Finally, Flaharty Asset Management LLC purchased a new stake in Travelers Companies during the 1st quarter valued at $32,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 8,572 shares of the company’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.46% of the stock is currently owned by corporate insiders.

Travelers Companies Trading Down 0.9%

Shares of TRV opened at $268.61 on Monday. The firm has a market capitalization of $59.92 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 2.38 and a beta of 0.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $287.95. The company has a 50-day moving average of $273.86 and a 200 day moving average of $268.19.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same period last year, the company posted $5.24 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s payout ratio is 17.30%.

Wall Street Analyst Weigh In

TRV has been the subject of several recent analyst reports. Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Citigroup started coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th. Finally, Morgan Stanley boosted their target price on Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $291.31.

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.