The Travelers Companies, Inc. $TRV Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 439.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 103,341 shares of the insurance provider’s stock after purchasing an additional 84,202 shares during the quarter. Fifth Third Bancorp’s holdings in Travelers Companies were worth $30,142,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Simplicity Wealth LLC purchased a new position in shares of Travelers Companies during the 1st quarter worth about $219,000. Conning Inc. grew its holdings in Travelers Companies by 0.4% in the first quarter. Conning Inc. now owns 119,763 shares of the insurance provider’s stock valued at $34,932,000 after purchasing an additional 437 shares during the period. Relyea Zuckerberg Hanson LLC purchased a new stake in Travelers Companies in the first quarter valued at approximately $230,000. Kornitzer Capital Management Inc. KS increased its position in Travelers Companies by 2.3% during the first quarter. Kornitzer Capital Management Inc. KS now owns 3,566 shares of the insurance provider’s stock worth $1,040,000 after purchasing an additional 80 shares during the last quarter. Finally, Carmel Capital Partners LLC increased its position in Travelers Companies by 1.3% during the first quarter. Carmel Capital Partners LLC now owns 8,475 shares of the insurance provider’s stock worth $2,472,000 after purchasing an additional 112 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In other news, EVP Diane Kurtzman sold 2,867 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the transaction, the executive vice president owned 5,298 shares in the company, valued at approximately $1,607,678.10. This represents a 35.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the completion of the transaction, the insider owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. This trade represents a 0.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is owned by company insiders.

Travelers Companies Stock Performance

Shares of TRV stock opened at $341.31 on Tuesday. 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 company’s fifty day moving average price is $310.91 and its two-hundred day moving average price is $300.16. The firm has a market capitalization of $72.58 billion, a P/E ratio of 10.15, a P/E/G ratio of 3.04 and a beta of 0.46. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $349.35.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. The business had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 earnings per share. On average, research analysts anticipate that The Travelers Companies, Inc. will post 28.17 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is currently 14.88%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Morgan Stanley increased their target price on Travelers Companies from $310.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Barclays lowered Travelers Companies from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $331.00 to $295.00 in a research note on Friday, June 12th. Weiss Ratings restated a “buy (a-)” rating on shares of Travelers Companies in a report on Friday, May 8th. UBS Group lifted their price objective on Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Roth Capital reiterated a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $331.21.

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.