The Travelers Companies, Inc. $TRV Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,094 shares of the insurance provider’s stock after selling 4,002 shares during the quarter. US Bancorp DE owned 0.23% of Travelers Companies worth $146,337,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Travelers Companies by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock worth $5,898,456,000 after purchasing an additional 313,449 shares during the period. JPMorgan Chase & Co. boosted its holdings in Travelers Companies by 1.6% during the third quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock worth $2,162,917,000 after buying an additional 119,481 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Travelers Companies by 1.0% during the second quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock worth $1,481,805,000 after buying an additional 54,363 shares in the last quarter. Norges Bank acquired a new position in Travelers Companies during the second quarter worth about $815,013,000. Finally, Invesco Ltd. increased its holdings in Travelers Companies by 14.4% in the second quarter. Invesco Ltd. now owns 1,547,778 shares of the insurance provider’s stock valued at $414,093,000 after buying an additional 194,698 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Travelers Companies stock opened at $304.67 on Thursday. The Travelers Companies, Inc. has a fifty-two week low of $230.43 and a fifty-two week high of $309.37. The company has a market capitalization of $65.88 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 2.85 and a beta of 0.51. The stock has a fifty day moving average of $288.63 and a two-hundred day moving average of $281.31. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.34 by $2.79. The business had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The business’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $9.15 earnings per share. On average, analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 15.98%.

Travelers Companies announced that its board has approved a stock repurchase plan on Wednesday, January 21st that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the insurance provider to reacquire up to 8.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Cantor Fitzgerald boosted their price target on Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. Jefferies Financial Group raised Travelers Companies to a “hold” rating in a report on Tuesday, January 6th. Argus upgraded Travelers Companies to a “strong-buy” rating in a research report on Monday, January 26th. Finally, Wells Fargo & Company decreased their price objective on shares of Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $304.33.

Insider Activity

In related news, EVP Jeffrey P. Klenk sold 16,712 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the transaction, the executive vice president owned 6,075 shares of the company’s stock, valued at approximately $1,699,602.75. This represents a 73.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $301.18, for a total transaction of $3,011,800.00. Following the sale, the executive vice president owned 33,638 shares in the company, valued at approximately $10,131,092.84. This trade represents a 22.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 92,845 shares of company stock valued at $27,239,631. 1.46% of the stock is owned by corporate insiders.

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.