Huntington National Bank lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,632 shares of the insurance provider’s stock after selling 3,181 shares during the quarter. Huntington National Bank’s holdings in Travelers Companies were worth $13,526,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of TRV. Osterweis Capital Management Inc. increased its holdings in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Travelers Companies in the fourth quarter valued at $28,000. Entrust Financial LLC purchased a new position in Travelers Companies in the fourth quarter valued at $31,000. Navalign LLC purchased a new position in Travelers Companies in the fourth quarter valued at $35,000. Finally, eCIO Inc. purchased a new position in Travelers Companies in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.
Travelers Companies Stock Performance
Shares of TRV stock opened at $294.50 on Friday. The stock’s 50-day moving average is $299.27 and its two-hundred day moving average is $293.73. The firm has a market cap of $62.63 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 2.70 and a beta of 0.50. The Travelers Companies, Inc. has a 1 year low of $249.19 and a 1 year high of $313.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.
Travelers Companies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. Travelers Companies’s dividend payout ratio is 13.09%.
Insider Activity at Travelers Companies
In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the transaction, the executive vice president owned 45,125 shares of the company’s stock, valued at $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $305.06, for a total value of $1,956,654.84. Following the transaction, the executive vice president directly owned 6,075 shares in the company, valued at approximately $1,853,239.50. This represents a 51.36% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 37,573 shares of company stock valued at $11,504,146. Corporate insiders own 1.39% of the company’s stock.
Key Travelers Companies News
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
Analyst Upgrades and Downgrades
TRV has been the topic of several recent analyst reports. Evercore reissued an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and increased their target price for the company from $316.00 to $322.00 in a report on Tuesday. Brean Capital initiated coverage on Travelers Companies in a report on Thursday, March 12th. They issued a “neutral” rating on the stock. UBS Group reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Monday, February 2nd. Finally, Cantor Fitzgerald raised their price objective on Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average target price of $311.47.
Check Out Our Latest Stock Analysis on TRV
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.
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