Huntington National Bank cut its holdings in The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,632 shares of the insurance provider’s stock after selling 3,181 shares during the period. Huntington National Bank’s holdings in Travelers Companies were worth $13,526,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Travelers Companies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock valued at $6,413,207,000 after acquiring an additional 110,311 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Travelers Companies by 1.6% in the third quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock valued at $2,162,917,000 after acquiring an additional 119,481 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Travelers Companies by 22.8% in the third quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock valued at $496,872,000 after acquiring an additional 331,170 shares during the last quarter. UBS Group AG lifted its holdings in Travelers Companies by 5.3% in the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock valued at $514,786,000 after acquiring an additional 89,159 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Travelers Companies by 2.5% in the fourth quarter. Legal & General Group Plc now owns 1,711,785 shares of the insurance provider’s stock valued at $496,520,000 after acquiring an additional 41,769 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.
Travelers Companies Stock Down 1.8%
NYSE:TRV opened at $294.50 on Friday. 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 stock’s fifty day moving average is $299.27 and its two-hundred day moving average is $293.73. The Travelers Companies, Inc. has a 52 week low of $249.19 and a 52 week high of $313.12. The stock has a market capitalization of $62.63 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 2.70 and a beta of 0.50.
Travelers Companies Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be given a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio is 13.09%.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $316.00 to $322.00 in a report on Tuesday. Roth Mkm restated a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Bank of America decreased their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Wells Fargo & Company upped their price target on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Finally, Brean Capital assumed coverage on Travelers Companies in a research note on Thursday, March 12th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $311.47.
Get Our Latest Analysis on Travelers Companies
Key Stories Impacting Travelers Companies
Here are the key news stories impacting Travelers Companies this week:
- Positive Sentiment: JPMorgan upgraded Travelers Companies (TRV), adding to a generally supportive analyst backdrop and reinforcing confidence in the insurer’s earnings outlook. JPMorgan Upgrades Travelers Companies (TRV)
- Positive Sentiment: Piper Sandler reiterated a Buy rating on Travelers, signaling continued Street support for the stock. Piper Sandler Remains a Buy on Travelers Companies (TRV)
- Positive Sentiment: Analyst estimate updates remain constructive overall, with Travelers still expected to generate strong full-year earnings and broker targets clustered above the current share price.
- Positive Sentiment: The company’s recent dividend increase may also support sentiment, as it highlights management confidence and capital return strength.
- Neutral Sentiment: A valuation-focused article noted that recent returns have softened versus longer-term gains, suggesting the stock may already reflect much of its recent strength. A Look At Travelers Companies (TRV) Valuation As Recent Returns Soften Against Longer Term Gains
- Negative Sentiment: Executive Vice President Michael Frederick Klein sold 10,000 shares worth about $3.08 million, and the insider sale may raise caution about near-term upside. Travelers Companies (NYSE:TRV) EVP Sells $3,076,500.00 in Stock
Insider Buying and Selling
In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the sale, the insider owned 259,590 shares of the company’s stock, valued at $80,639,037.60. This trade represents a 0.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Diane Kurtzman sold 2,867 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $303.45, for a total value of $869,991.15. Following the completion of the sale, the executive vice president directly owned 5,298 shares in the company, valued at $1,607,678.10. This represents a 35.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,573 shares of company stock worth $11,504,146 over the last ninety days. Company insiders own 1.39% of the company’s stock.
About Travelers Companies
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.
Further Reading
- Five stocks we like better than Travelers Companies
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV – Free Report).
Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.
